M&A Deal Summary

The Travelers Companies Acquires The Dominion of Canada General Insurance

On November 1, 2013, The Travelers Companies acquired insurance company The Dominion of Canada General Insurance from E-L Financial for 1.1B USD

Acquisition Highlights
  • This is The Travelers Companies’ 2nd transaction in the Insurance sector.
  • This is The Travelers Companies’ largest (disclosed) transaction.
  • This is The Travelers Companies’ 1st transaction in Canada.
  • This is The Travelers Companies’ 1st transaction in Ontario.

M&A Deal Summary
Date 2013-11-01
Target The Dominion of Canada General Insurance
Sector Insurance
Buyer(s) The Travelers Companies
Sellers(s) E-L Financial
Deal Type Divestiture
Deal Value 1.1B USD

Target

The Dominion of Canada General Insurance

Toronto, Ontario, Canada
website
The Dominion of Canada General Insurance Co.,helps individuals and organizations prepare for and prevent losses. Our commitment to outstanding service combined with our comprehensive insurance-based solutions gives Canadians the confidence they need to feel secure.Dominion became part of Travelers Canada.

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Buyer(S) 1

Buyer

The Travelers Companies

New York, New York, United States

website

Category Company
Founded 1853
Sector Insurance
Employees29,988
Revenue 36.9B USD (2022)
DESCRIPTION
Travelers office in Irvine, California.
Travelers office in Irvine, California.

The Travelers Companies is an insurance provider of property casualty insurance for auto, home and business. The Travelers Companies was founded in 1853 and is based in New York, New York.

DEAL STATS #
Overall 3 of 10
Sector (Insurance) 2 of 8
Type (Divestiture) 1 of 3
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-20 J. Malucelli Seguradora SA

Curitiba, Brazil

No. 1 surety bond provider in Brazil.

Buy $410M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-10 Cardinal Compania de Seguros S.A.

Bogota, Colombia

Cardinal Compania de Seguros S.A. provides non-life insurance services.

Buy -

Seller(S) 1

SELLER

E-L Financial

Toronto, Ontario, Canada

website

Category Company
Founded 1968
Sector Insurance
Revenue 2.3B CAD (2021)
DESCRIPTION

E-L Financial provides insurance services. E-L Financial was founded in 1968 and is based in Toronto, Canada.

DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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