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Travelers completes acquisition of UK-based online insurance distributor

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Travelers completes acquisition of UK-based online insurance distributor

Travelers Cos. Inc. has completed its previously announced acquisition of U.K.-based small-business insurance online distributor Simply Business from Aquiline Capital Partners LLC

Simply Business will operate as a stand-alone entity and will continue to partner with its panel of carriers. Travelers funded the acquisition with a combination of debt financing and internal resources.