Toronto, Ontario -- November 4, 2013 -- The Travelers Companies has announced the completion of its acquisition of The Dominion of Canada General Insurance Company from E-L Financial Corporation. The combined organization, which will be referred to as Travelers Canada, will remain headquartered in Toronto, Ont.
"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."
The Travelers Companies has approximately 30,000 employees and generated revenues of approximately $26 billion in 2012.