We received the following news release recently.
NEW YORK, November 1, 2013 – The Travelers Companies, Inc. (NYSE: TRV) today announced
the completion of its acquisition of The Dominion of Canada General Insurance Company from
E‐L Financial Corporation Limited (TSX: ELF). The combined organization, which will be referred
to as Travelers Canada, will remain headquartered in Toronto.
“The combination of Travelers Canada and The Dominion is an exciting development,” said Alan
Schnitzer, Vice Chairman and head of Travelers’ Financial, Professional & International Insurance
business segment. “It creates an exceptional platform for strengthening our presence in Canada
and expanding our relationships with customers and brokers. We look forward to leveraging the
strengths and expertise of both organizations to deliver an expanded range of products and an
even higher level of service.”
Insurance Portfolio assures it’s clients that we will be abreast of changes and updates about this acquisition in the coming weeks and months. We are proud to have represented The Dominion for the last 30+ years.
Travelers Completes Acquisition of The Dominion