Travelers News

Travelers CEO Fishman Eyes Potential Foreign Acquisitions

Travelers Companies, which acquired Dominion of Canada General Insurance in 2013 and increased its ownership stake in its joint venture in Brazil in 2012, is likely to continue expanding internationally. In his annual letter to shareholders, Travelers CEO Jay Fishman …

Travelers Adds Broad Form Plus+ to D&O Liability Portfolio

Travelers has added Broad Form Plus+ to its portfolio of directors and officers (D&O) coverages as a way to protect against concerns above and beyond corporate liabilities. While many companies typically provide protection to their directors and officers for defense …

GEICO Passes Allstate to Become 2d Largest U.S. Auto Insurer: SNL

Based on third quarter reports, GEICO Corp. has surpassed Allstate Corp. to become the nation’s second-largest private auto insurer. According to data compiled by SNL, GEICO logged $4.89 billion in direct premiums written during the third quarter of 2013, while …

Travelers Launches Online Cyber Risk Resources for Business Owners

Travelers has introduced a suite of online resources to help business owners navigate the growing threat of cyber risks while also protecting their assets and their customers’ information. The launch of the new resources coincides with the start of National …

August is the Most Dangerous Month for Texas Workers

August is the most dangerous month of the year when it comes to on-the–job injuries, according to an analysis of  claims data in Texas from the past two years by Travelers Companies Inc. Texas employers filed more workers’ compensation claims in …

Analysts: Travelers/Dominion Deal Makes Sense, More U.S.-Canadian M&A May Follow

The Travelers Companies’ decision to acquire Dominion of Canada General Insurance, a unit of E-L Financial Corp., for $1.1 billion makes strategic sense, according to analysts. The acquisition now allows Travelers to quickly build up economies of scale for its …

Encompass Looks to PGA Sponsorship to Improve Brand

Companies have for some time been diversifying, and sometimes curbing, their appetite for multimillion-dollar sports sponsorships, so an enterprising insurance company president saw that trend as an opportunity to get his company’s name out there in a big way. Encompass …

Travelers Eyes Canada Growth with $1.1B Acquisition of The Dominion

The Travelers Companies Inc. said it has agreed to acquire The Dominion of Canada General Insurance Co. from E-L Financial Corp. Limited for approximately $1.1 billion in cash with an eye on expanding its commercial lines business in particular. The …

Travelers Adds Special Expense Coverage to Public Entity Policies

Travelers has enhanced its public entity management liability (PEML) policy that provides limited special expenses coverage reimbursement related to the replacement of key employees in the event of a death or medically confirmed situation that results in their resignation or …

Iowa City in Insurance Dispute over Landfill Fire

Iowa City, Iowa, officials say their insurance claim over a costly landfill fire last year remains in dispute, and it may force legal action. The Travelers Companies claims the landfill cell that burned for 15 days last May was not …