Skadden Advised Travelers On CAD 2.4 Billion Sale Of Canadian Insurance Business To Definity
Skadden Advised Travelers on CAD 2.4 Billion Sale of Canadian Insurance Business to Definity
Skadden, Arps, Slate, Meagher & Flom LLP is advised The Travelers Companies, Inc. on its agreement to sell the personal insurance business and the majority of the commercial insurance business of Travelers Canada to Definity Financial Corporation for approximately CAD 2.4 billion.
The transaction represents a significant strategic move in the Canadian insurance sector and is expected to enhance Definity's scale and capabilities.
The Skadden team is led by Todd E. Freed (Partner), Patrick J. Lewis (Partner), and Liana-Marie Lien (Partner).
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