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St. Paul, Travelers Merger to Create Insurance Giant

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St. Paul, Travelers Merger to Create Insurance Giant

St. Paul, Travelers Merger to Create Insurance Giant

St. Paul, Travelers Merger to Create Insurance Giant

  • Download
  • <iframe src="https://www.npr.org/player/embed/1510555/1510556" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

A $ 16-billion deal announced Monday will create the second-largest business insurer in the country. Travelers Property Casualty Corporation is combining with the Saint Paul Companies Incorporated. The joint venture should be worth about $107 billion. Jeff Horwich of Minnesota Public Radio reports.