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Analysts: Travelers/Dominion Deal Makes Sense, More U.S.-Canadian M&A May Follow

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June 18, 2013 by Young Ha

The Travelers Companies’ decision to acquire Dominion of Canada General Insurance, a unit of E-L Financial Corp., for $1.1 billion makes strategic sense, according to analysts.

The acquisition now allows Travelers to quickly build up economies of scale for its Canadian operation, observers said.

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