NEW YORK--(BUSINESS WIRE)--
The Travelers Companies, Inc. (NYSE: TRV)
today announced the completion of its acquisition of The Dominion of
Canada General Insurance Company from E-L Financial Corporation Limited
(TSX: ELF). The combined organization, which will be referred to as
Travelers Canada, will remain headquartered in Toronto.
“The combination of Travelers Canada and The Dominion is an exciting
development,” said Alan Schnitzer, Vice Chairman and head of Travelers’
Financial, Professional & International Insurance business segment. “It
creates an exceptional platform for strengthening our presence in Canada
and expanding our relationships with customers and brokers. We look
forward to leveraging the strengths and expertise of both organizations
to deliver an expanded range of products and an even higher level of
service.”
About Travelers
The Travelers Companies, Inc. (NYSE: TRV)
is a leading provider of property casualty insurance for auto,
home
and business.
A component of the Dow Jones Industrial Average, Travelers has
approximately 30,000 employees and generated revenues of approximately
$26 billion in 2012. For more information, visit www.travelers.com.
Forward-Looking Statements
The statements in this press release regarding the anticipated benefits
from the transaction are “forward-looking statements” within the meaning
of the Private Securities Litigation Reform Act of 1995. Some of the
factors that could cause actual results to differ include, but are not
limited to: risks relating to pursuing new markets and opportunities,
particularly in international markets; the risk that the acquisition and
the integration of the acquired business may result in operating
difficulties and other unintended consequences; and the risk that
Travelers may not realize the anticipated benefits of its investment.
For further detail and additional factors, see “Risk Factors” and
“Forward-Looking Statements” in the company’s most recent Form 10-K and
Form 10-Q filed with the Securities and Exchange Commission. The
forward-looking statements speak only as the date of this release, and
we undertake no obligation to update any forward-looking statements.
The Travelers Companies, Inc.
Media:
Patrick
Linehan, 917-778-6267
or
Shelagh Paul, 416-350-5880
or
Institutional
Investors:
Gabriella Nawi, 917-778-6844
or
Andrew
Hersom, 860-277-0902
or
Individual
Investors:
Marc Parr, 860-277-0779
Source: The Travelers Companies, Inc.