M&A Deal Summary

Travelers Companies Acquires The Dominion of Canada General Insurance

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

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

Travelers Companies

New York, New York, United States
Category Company
Founded 1853
Sector Insurance
Employees32,967
Revenue 41.4B USD (2023)
DESCRIPTION
Travelers office in Irvine, California.
Travelers office in Irvine, California.

Travelers Companies is an insurance provider of property casualty insurance for auto, home and business. 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
Category Company
Founded 1968
Sector Insurance
Revenue 3.0B CAD (2023)
DESCRIPTION

E-L Financial is an investment and insurance holding company. 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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