The Travelers Companies announced that Brian MacLean, president and chief operating officer, will retire after 30 years with the company, effective March 31, 2018.
As a result of MacLean’s retirement, Travelers said it is realigning the reporting structure of its business leaders. Michael Klein, who leads Personal Insurance; Tom Kunkel, who leads Bond & Specialty Insurance; Nick Seminara, who leads Claim and Special Liability Group; Kevin Smith, who leads International; and Greg Toczydlowski, who leads Business Insurance, will report to Chairman and Chief Executive Officer Alan Schnitzer. These units had been reporting to MacLean.
MacLean joined the company in 1988 as director of Planning in the Corporate Finance Department. In 1993, he was appointed chief financial officer for Claims, and in 1996, became CFO for Commercial Lines. In 1999, he was named senior vice president to lead Commercial Lines Select Accounts, and in 2002 was promoted to executive vice president and appointed to lead Claims.
In 2005, MacLean was named executive vice president and chief operating officer, reporting to Jay Fishman, who was then president and CEO. Fishman added president to MacLean’s titles in 2008.
When Schnitzer was named chairman and CEO in late 2015 succeeding Fishman, MacLean remained as president and chief operating officer and reported to Schnitzer. At that time, MacLean also assumed direct responsibility for the Business and International Insurance segment in addition to his other responsibilities that included Personal Insurance and Bond & Financial Products.
Schnitzer thanked MacLean for his 30 years of service during which he said MacLean has made “extraordinary contributions to Travelers and helped “build Travelers into the company it is today.”
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