The rumors of a potential St. Paul/Travelers merger with Zurich are likely groundless. Sources indicate that reports of a pending deal in the Wall Street Journal between the two insurers are incorrect.
According to a high-level exec at one of the companies, “there are no discussions at any level for either a merger with ZFS or an acquisition of the North American P&C operation.”
That said, St. Paul/Travelers is in the acquisition mode, and will likely buy something this year.
Mar
21
