On May 27, 2025, Definity Financial Corporation announced that it has entered into a definitive agreement with Travelers to acquire Canadian operations of Travelers (other than Travelers’ Canadian surety business) for cash consideration of approximately $3.3 billion.
“The primary intention behind demutualizing and becoming a public company was to have the access to capital that would allow us to participate meaningfully in a consolidating industry. Now, the years of planning and preparation are coming to fruition as we make this announcement.”
Rowan Saunders, Definity Insurance CEO as reported by Canadian Underwriter
Launches September 8, 2026
Submission Deadline October 2, 2026