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

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.