M&A Deal Summary

Travelers Companies Acquires The St. Paul

On April 1, 2004, Travelers Companies acquired insurance company The St. Paul

Acquisition Highlights
  • This is Travelers Companies’ 1st transaction in the Insurance sector.
  • This is Travelers Companies’ 1st transaction in the United States.
  • This is Travelers Companies’ 1st transaction in Minnesota.

M&A Deal Summary
Date 2004-04-01
Target The St. Paul
Sector Insurance
Buyer(s) Travelers Companies
Deal Type Add-on Acquisition

Target

The St. Paul

Saint Paul,, Minnesota, United States
The St. Paul Companies, Inc. provides commercial property, casualty, and liability insurance products and services.

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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 1 of 10
Sector (Insurance) 1 of 8
Type (Add-on Acquisition) 1 of 5
State (Minnesota) 1 of 1
Country (United States) 1 of 4
Year (2004) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-28 GeoVera

Fairfield, California, United States

GeoVera is a provider of specialty residential property insurance in markets that are underserved by other insurance carriers due to their exposure to certain perils, such as hurricanes or earthquakes. GeoVera offers specialty homeowners products primarily on a non-admitted, or excess and surplus line, basis in wind-exposed areas in the Southeast United States and Hawaii, and residential earthquake products primarily on an admitted basis in the Western United States. GeoVera was founded in 1993 and is based in Fairfield, California.

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