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Travelers completes $2.4 billion sale of Canadian insurance business

Fri, 02 Jan 2026 08:45:30 -0500

The Travelers Companies, Inc. (NYSE: TRV) completed the sale of its Canadian personal insurance business and majority of its Canadian commercial insurance business to Definity Financial Corporation (TSX: DFY) for approximately $2.4 billion.

The transaction, which was previously announced, allows Travelers to retain its Canadian surety business. The company describes itself as the largest surety writer in North America.

Travelers plans to allocate approximately $700 million of the net cash proceeds toward additional share repurchases in 2026. The remaining funds will support ongoing operations and general corporate purposes, according to a company statement.

The insurer expects the transaction and resulting share repurchases to

Travelers completes $2.4 billion sale of Canadian insurance business

Fri, 02 Jan 2026 08:45:30 -0500

The transaction, which was previously announced, allows Travelers to retain its Canadian surety business. The company describes itself as the largest surety writer in North America.

The insurer expects the transaction and resulting share repurchases to

Travelers completes $2.4 billion sale of Canadian insurance business

Fri, 02 Jan 2026 08:45:30 -0500

The transaction, which was previously announced, allows Travelers to retain its Canadian surety business. The company describes itself as the largest surety writer in North America.

The insurer expects the transaction and resulting share repurchases to

Travelers completes $2.4 billion sale of Canadian insurance business

Fri, 02 Jan 2026 08:45:30 -0500

The transaction, which was previously announced, allows Travelers to retain its Canadian surety business. The company describes itself as the largest surety writer in North America.

The insurer expects the transaction and resulting share repurchases to

Travelers completes $2.4 billion sale of Canadian insurance business

Fri, 02 Jan 2026 08:45:30 -0500

The transaction, which was previously announced, allows Travelers to retain its Canadian surety business. The company describes itself as the largest surety writer in North America.

The insurer expects the transaction and resulting share repurchases to

Travelers completes $2.4 billion sale of Canadian insurance business

Fri, 02 Jan 2026 08:45:30 -0500

The transaction, which was previously announced, allows Travelers to retain its Canadian surety business. The company describes itself as the largest surety writer in North America.

The insurer expects the transaction and resulting share repurchases to

Travelers completes $2.4 billion sale of Canadian insurance business

Fri, 02 Jan 2026 08:45:30 -0500

The transaction, which was previously announced, allows Travelers to retain its Canadian surety business. The company describes itself as the largest surety writer in North America.

The insurer expects the transaction and resulting share repurchases to

Travelers completes $2.4 billion sale of Canadian insurance business

Fri, 02 Jan 2026 08:45:30 -0500

The transaction, which was previously announced, allows Travelers to retain its Canadian surety business. The company describes itself as the largest surety writer in North America.

The insurer expects the transaction and resulting share repurchases to

Travelers completes $2.4 billion sale of Canadian insurance business

Fri, 02 Jan 2026 08:45:30 -0500

The transaction, which was previously announced, allows Travelers to retain its Canadian surety business. The company describes itself as the largest surety writer in North America.

The insurer expects the transaction and resulting share repurchases to

Travelers completes $2.4 billion sale of Canadian insurance business

Fri, 02 Jan 2026 08:45:30 -0500

The transaction, which was previously announced, allows Travelers to retain its Canadian surety business. The company describes itself as the largest surety writer in North America.

The insurer expects the transaction and resulting share repurchases to

Travelers Completes Sale of Canadian Personal Insurance Business and Majority of Its Canadian Commercial Insurance Business to Definity

Fri, 02 Jan 2026 08:45:00 -0500

NEW YORK--(BUSINESS WIRE)-- The Travelers Companies, Inc. (NYSE: TRV) today completed its previously announced sale of the personal insurance business and the majority of the commercial insurance business of Travelers Canada to Definity Financial Corporation (TSX: DFY) for approximately US$2.4 billion. Travelers, which is the largest surety writer in North America, has retained its premier Canadian surety business.