M&A - TRAVELERS COMPANIES, INC.
Form Type: 8-K
Filing Date: 2025-05-27
Corporate Action: Acquisition
Type: New
Accession Number: 000110465925053000
Filing Summary: On May 27, 2025, The Travelers Companies, Inc. announced the execution of a definitive agreement to sell its Canadian personal insurance business and the majority of its Canadian commercial insurance business to Definity Financial Corporation for approximately US$2.4 billion. The company intends to retain its surety business in Canada. This transaction is anticipated to close in the first quarter of 2026 and is contingent upon regulatory approvals and other customary closing conditions. A press release detailing the transaction has been included as Exhibit 99.1.
Additional details:
Transaction Value: 2.4 billion
Buyer: Definity Financial Corporation
Business Sold: Canadian personal insurance business
Business Majority Sold: Canadian commercial insurance business
Business Retained: surety business in Canada
Expected Closing Quarter: first quarter of 2026
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