The Travelers Companies, Inc. (NYSE:TRV) announced today that it has completed the sale of Mendota Insurance Company, its non-standard auto insurance unit operating under the Mendota and Mendakota brands, to a subsidiary of Kingsway Financial Services Inc. (TSX:KFS)(NYSE:KFS). The impact of this transaction will not be material to Travelers’ ongoing operations. Kingsway has determined to retain all of Mendota’s employees in their current locations and the current Mendota management will continue to lead the organization.
Travelers is a leading provider of property casualty insurance. For more information, visit www.travelers.com.