The Travelers Companies Inc. Announces Sale of Canadian Insurance Businesses to Definity Financial Corporation, Affecting Credit Ratings

Reuters

06-05

The Travelers Companies Inc. Announces Sale of Canadian Insurance Businesses to Definity Financial Corporation, Affecting Credit Ratings

The Travelers Companies Inc. $(TRV)$ has announced an agreement to sell its personal insurance business and a significant portion of its commercial insurance operations in Canada, including The Dominion of Canada General Insurance Company and Travelers Insurance Company of Canada $(TICC)$, to Definity Financial Corporation. The transaction is expected to be finalized in the first quarter of 2026, pending regulatory approvals and customary closing conditions. This announcement has led to AM Best downgrading the credit ratings of Dominion and TICC and placing them under review, citing various implications related to the sale.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Travelers Companies Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250604246153) on June 04, 2025, and is solely responsible for the information contained therein.

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Announces Sale of Canadian Insurance Businesses to Definity Financial Corporation, Affecting Credit Ratings\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-06-05 03:17</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      The Travelers Companies Inc. Announces Sale of Canadian Insurance Businesses to Definity Financial Corporation, Affecting Credit Ratings\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        The Travelers Companies Inc. <a href=\"https://laohu8.com/S/TRV\">$(TRV)$</a> has announced an agreement to sell its personal insurance business and a significant portion of its commercial insurance operations in Canada, including The Dominion of Canada General Insurance Company and Travelers Insurance Company of Canada <a href=\"https://laohu8.com/S/TICC\">$(TICC)$</a>, to Definity Financial Corporation. The transaction is expected to be finalized in the first quarter of 2026, pending regulatory approvals and customary closing conditions. 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ID: 20250604246153) on June 04, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250604:nNDL2qPxMN:1","article_id":"2541095497","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2541095497","pubTimestamp":1749064638,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"The Travelers Companies Inc. Announces Sale of Canadian Insurance Businesses to Definity Financial Corporation, Affecting Credit Ratings. The Travelers Companies Inc.  has announced an agreement to sell its personal insurance business and a significant portion of its commercial insurance operations in Canada, including The Dominion of Canada General Insurance Company and Travelers Insurance Company of Canada , to Definity Financial Corporation. The transaction is expected to be finalized in the first quarter of 2026, pending regulatory approvals and customary closing conditions. This announcement has led to AM Best downgrading the credit ratings of Dominion and TICC and placing them under review, citing various implications related to the sale.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. 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