Alan Schnitzer News

Travelers Profit Up 6.3% in Q2 on Lower Catastrophe Losses, Higher Investments

The Travelers Companies managed to boost its net income to $557 million for the second quarter, six percent more than the $524 million in the prior year quarter. The insurer reported lower catastrophe losses and higher net investment income, partially …

Travelers Completes Purchase of UK Small Business Insurer, Simply Business

The Travelers Cos. has completed its previously announced acquisition of Simply Business, a provider of small business insurance cover in the United Kingdom, which offers products online on behalf of a broad panel of carriers. London-based Simply Business has more …

Travelers to Buy UK-Based Simply Business for $490M

The Travelers Cos. Inc. announced it has agreed to acquire Simply Business from Aquiline Capital Partners LLC for approximately $490 million, which includes the repayment of debt and other obligations at closing. Operating since 2005, Simply Business is a leading …

Travelers’ Fishman Says He Was ‘Conductor’ Getting Applause for ‘Ensemble Cast’

Incoming, Outgoing Travelers CEOs See Smooth Transition, Talk M&A

Departing Travelers Insurance CEO Jay Fishman and his designated successor, Alan Schnitzer, insist that that the change won’t be wrenching, and that the property/casualty insurance giant will experience a smooth transition. The Travelers Companies announced on Aug. 4 that Fishman …

Schnitzer to Become CEO of Travelers as Fishman Steps Down

The Travelers Companies Inc. today announced that Alan D. Schnitzer will succeed Jay S. Fishman as chief executive officer, effective December 1, 2015. In a letter to employees, Fishman, 62, said that his neuromuscular disease, which he disclosed last November, …

Travelers Promotes Schnitzer, Spadorcia in Business Segment Moves

The Travelers Companies,Inc. has promoted Alan Schnitzer to vice chairman and chief executive officer of Business and International Insurance and promoted Doreen Spadorcia to vice chairman and chief executive officer of Personal Insurance and Bond & Financial Products, effective July …