U.S. insurance giant Travelers is the latest foreign-owned company to exit the domestic market after Definity bought its Canadian operations
Analysts say further auto and home insurer consolidation is inevitable.
NATHAN DENETTE/THE CANADIAN PRESS
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In the fragmented domestic auto and home insurance industry, the big question is: Who will be next to exit?
Last week, U.S. insurance giant Travelers surprised the market by selling its Canadian operations to Waterloo-based Definity Financial Corp. DFY-T for $3.3-billion.
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