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Definity to Acquire Travelers' Canadian Operations for $3.3 Billion
Definity Financial Corp. will acquire Travelers' Canadian insurance operations for $3.3 billion, boosting its annual premiums to $6 billion and making it Canada's fourth-largest property and casualty insurer; the deal is expected to close in the first quarter of 2026.
Definity to Acquire Travelers' Canadian Operations for $3.3 Billion
Definity Financial Corp. will acquire Travelers' Canadian insurance operations for $3.3 billion, boosting its annual premiums to $6 billion and making it Canada's fourth-largest property and casualty insurer; the deal is expected to close in the first quarter of 2026.
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