Definity Financial Acquires Travelers' Canadian Personal and Majority Commercial Insurance Business
January 5, 2026
Definity Financial Corporation has completed the acquisition of the personal insurance business and the majority of the commercial insurance business (excluding surety) of The Travelers Companies' Canadian operations. The deal expands Definity's scale and distribution reach in the Canadian property & casualty market, raising combined annual premiums to about $6 billion and is expected to be immediately accretive to operating EPS with meaningful expense synergies.
- Buyers
- Definity Financial Corporation
- Targets
- The Travelers Companies' Canadian personal and majority commercial insurance business
- Sellers
- The Travelers Companies, Inc.
- Industry
- Insurance
- Location
- Ontario, Canada
- Transaction Type
- Divestiture
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