Travelers UK branch announced that David Sawyer has been appointed Assistant General Manager responsible for the management of the professional indemnity portfolio for Travelers Insurance Company Ltd. He joins Travelers from QBE where he was Portfolio Manager within the Professional …
A year after most Georgia insurers increased homeowners premiums by 9 to 23 percent, a new wave of increase requests is pending. State Farm, Georgia’s largest writer of homeowners policies, is seeking a 7 percent increase for next year. That …
Travelers announced a series of promotions within Travelers Syndicate Management Ltd. (Syndicate 5000), the company’s Lloyd’s operation, “to support long-term development in this important market.” Alan Prestwich, previously head of the Marine team, has been promoted to Senior Business Unit …
The Travelers Companies Inc. in Hartford has appointed Raymond T. Martino as the president of Ocean Marine. Martino is responsible for the overall leadership and management of the ocean marine unit, which provides insurance products for commercial hulls, cargo, luxury …
Travelers Cos. Inc. reported a second-quarter loss, missing analysts’ estimates by a huge margin as the property insurer suffered more than $1 billion in catastrophe losses from record-breaking tornadoes in April and May. Travelers warned in early June that it …
Travelers announced that it has added increased underwriting expertise to its UK, Ireland and Lloyd’s businesses with the appointment of two new Chief Underwriting Officers (CUO’s). The new CUO’s complement the appointments last year of Nick Rnjak and David Bourke. …
The Travelers Companies announced that the company has completed its acquisition of a 43 percent interest in JMalucelli Participações em Seguros e Resseguros S.A., the market leader in the surety insurance business in Brazil with a market share in excess …
A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa” of Travelers Group and its property/casualty members, and affiliates, Travelers Casualty and Surety Company of America (TCSA) and TCSA’s affiliate, …
Lisa Caputo is joining The Travelers Companies, Inc. as executive vice president for marketing and communications on June 1. Caputo joins Travelers from Citigroup, where she was managing director for the public sector group. Until recently, she served as executive …
The Travelers Companies announced that Sean Genden has been named CEO of Travelers Europe, charged with supporting its “strategic and growth initiatives in the European property and casualty market.” He previously served as COO of Travelers Europe, and will now …
