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DEFINITY FINANCIAL CORPORATION EXPECTS TO CLOSE PREVIOUSLY ANNOUNCED TRAVELERS TRANSACTION ON JANUARY 2, 2026
DEFINITY FINANCIAL CORPORATION EXPECTS TO CLOSE PREVIOUSLY ANNOUNCED TRAVELERS TRANSACTION ON JAN...
About this update from Definity Financial Corp.
[{"type":"text","content":"DEFINITY FINANCIAL CORPORATION EXPECTS TO CLOSE PREVIOUSLY ANNOUNCED TRAVELERS TRANSACTION ON JANUARY 2, 2026\n\n\nDEFINITY FINANCIAL CORPORATION EXPECTS TO CLOSE PREVIOUSLY ANNOUNCED TRAVELERS TRANSACTION ON JANUARY 2, 2026\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\nCanada NewsWire\n\n\nWATERLOO, ON, Dec. 15, 2025 /CNW/ - Definity Financial Corporation (TSX: DFY) today announced that it has received all required regulatory approvals, including from the Minister of Finance (Canada), to complete the acquisition of the personal insurance business and the majority of the commercial insurance business (excluding the surety business) of the Canadian operations of The Travelers Companies, Inc. (the \"Transaction\") and expects to close the Transaction on January 2, 2026.\n\"Definity is pleased to be proceeding with momentum through this transformational acquisition as we continue building a Canadian champion,\" said Rowan Saunders, President & CEO, Definity. \"The acquisition will enable us to achieve our objective to become one of the five largest P&C insurers in the country, while strengthening our business mix, expanding our product breadth, and giving us access to exceptional talent. It is financially compelling, with attractive economics, enabling Definity to sustainably target a mid-teens Operating ROE post integration.\"\nABOUT DEFINITY FINANCIAL CORPORATION\nDefinity Financial Corporation (\"Definity\", which includes its subsidiaries where the context so requires) is one of the leading property and casualty insurers in Canada, with over $4.7 billion in gross written premiums for the 12 months ended September 30, 2025 and over $4.0 billion in equity attributable to common shareholders as at September 30, 2025.\nCAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION\nThis news release contains \"forward-looking information\" within the meaning of applicable securities laws in Canada. Forward-looking information may relate to our future business, financial outlook and anticipated events or results and may include information regarding our financial positio...