The Travelers Companies, Inc., one of the largest American insurance groups, has announced plans to sell its Canadian personal and commercial insurance business to Definity Financial Corporation for $2.4 billion. This deal, reported on May 27, 2025, marks a significant move in the insurance sector. The transaction includes the majority of Travelers’ Canadian operations, reflecting a strategic shift in their business portfolio. The sale is expected to impact the insurance landscape in Canada, with Definity Financial Corporation taking over the specified business segments. Travelers’ decision to divest its Canadian operations aligns with its broader business strategy, focusing on its core markets and operations. The deal is subject to regulatory approvals and is expected to be completed in the near future.
