Merrill Advises On St. Paul, Travelers Deal
NU Online News Service, Nov. 17, 2 21 p.m. EST
In his "Flash Note" released today, Jay Cohen, an analyst at the New York-based financial services firm, said the combination will result in a complementary business mix and create a powerful insurer in the independent agent/broker market.
Mr. Cohen said the business lines of the two companies are "fairly complementary"--with each insurer having a sizeable standard middle market commercial presence.
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