Latest Travelers Headlines

All the headlines from our Travelers Topic Page, ordered by recency.

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

Aug 7 2015 // 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...

Schnitzer to Become CEO of Travelers as Fishman Steps Down

Aug 4 2015 // 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...

Travelers Decided to Pass on Buying Chubb: Fishman

Jul 22 2015 // For Travelers Cos.’ dealmaking Chief Executive Officer Jay Fishman, sometimes it’s OK to let one get away.Fishman said Tuesday that he opted against buying Chubb Corp., which agreed to be purchased by Ace Ltd....

Travelers Q2 Profit Up 19% on Lower Catastrophe Costs

Jul 21 2015 // Travelers Cos., the only property/casualty insurer in the Dow Jones Industrial Average, said second-quarter profit advanced 19 percent as natural disaster costs dropped.Net income climbed to $812 million, or $2.53 a share,...

Conn. Gov. Seeks to Scale Back Some Proposed Tax Hikes for Corporations

Jun 15 2015 // Connecticut Gov. Dannel P. Malloy on Friday called on lawmakers to scale back some of the tax increases his administration helped negotiate in a budget that prompted some major employers, including General Electric Co., to...

Travelers Opens $200M Data Center in Nebraska

May 13 2015 // A New-York based insurance firm has opened a $200 million data center in Nebraska’s Sarpy County, the latest of such facilities built in the area for companies like Fidelity, Yahoo, Cabela’s and Cosentry. Gov....

Marine Underwriters Re-Elect Travelers’ Hoehn as Chair

May 13 2015 // The Inland Marine Underwriters Association (IMUA) recently elected its slate of officers for 2015. Michelle Hoehn, The Travelers Group, was re-elected as IMUA chairperson. Also re-elected were Deputy Chairperson William...

Travelers CEO Fishman: Q1 Results ‘Encouraging Start’ to Year

Apr 21 2015 // The Travelers Companies Inc. reported that quarterly net profit fell in the first quarter about 20 percent due to lower net investment income and a drop in underwriting gains.Net income fell to $833 million for the quarter...

Travelers to Buy Majority Interest in P&C Business of Brazil Joint Venture

Apr 13 2015 // The Travelers Companies Inc. announced that it has agreed to acquire a majority interest in the property and casualty business of its J. Malucelli Participações em Seguros e Resseguros S.A. joint venture in Brazil. J....

Business Travelers Driving Uber Growth

Apr 9 2015 // Business travelers are bypassing the taxi queue with greater frequency, choosing instead ride-hailing services like Uber Technologies.A new report by expense management system provider Certify shows that 47 percent of the...

Wilson Named CEO of Travelers Europe

Mar 6 2015 // The Travelers Companies, Inc. announced that Matthew Wilson has been appointed Chief Executive Officer of Travelers Europe, subject to regulatory approval. He has served as Chief Operating Officer of Travelers Europe since...

Kentucky City Warns Homeowners Not to Rent to Travelers

Mar 5 2015 // Metro Louisville, Ky. officials have sent letters to some homeowners that rent space to travelers through online home-sharing sites telling them to stop the practice immediately or they risk being fined.The Courier-Journal...

Boozing, Promiscuous Business Travelers Put Selves, Employers at Risk

Feb 20 2015 // America’s business travelers are too often mixing business with pleasure, exposing themselves and their employers to dangerous scenarios.According to a national survey by On Call International, a customized travel...

North Carolina Home Insurers Press Appeal of Rate Hike Denial, While Insurers Press ‘Consent to Rate’ Agreements

Feb 9 2015 // Insurance companies aren’t giving up on their quest to raise premiums on North Carolina homeowners by an average of 25 percent, according to an industry spokesman.The group representing nearly 100 companies selling...

Insurers Sending ‘Consent to Rate’ Letters to North Carolina Homeowners

Jan 27 2015 // North Carolina homeowners are being told to pay higher insurance premiums or risk losing their coverage under a law that allows companies to pay more than the state has approved.The StarNews of Wilmington reported...

Travelers CEO Fishman Reduces Outside Activities Due To Health

Jan 23 2015 // Travelers Cos. Chief Executive Officer Jay Fishman is reducing his activities that aren’t tied to the company after being diagnosed with a neuromuscular condition.“I have already begun to cut back fairly...

Travelers Q4 Profit Jumps 5% to $1.04B, Underwriting Gain Rises

Jan 22 2015 // The Travelers Companies Inc. today reported net income of $1.038 billion for the fourth quarter that ended on Dec. 31, 2014, up 5 percent compared to $988 million net income during the 2013 fourth quarter.Travelers said...

Travelers to Buy Majority Stake in Colombian Insurance Startup

Dec 11 2014 // Travelers Cos., the lone property- casualty insurer in the Dow Jones Industrial Average, agreed with a partner to buy a majority stake in a startup surety provider based in Colombia. The joint venture with Brazil’s...

Travelers Unit Sued Over Allegedly Manipulated Sandy Report

Dec 7 2014 // A Travelers Cos. unit was sued by two New York homeowners who accused it of using a doctored engineering report to reject much of their claim for flood damage from Hurricane Sandy, making it the third insurer to face such...

Travelers CEO Fishman Discloses Neuromuscular Condition

Nov 14 2014 // Travelers Cos., the only property/casualty insurer in the Dow Jones Industrial Average, said Chief Executive Officer Jay Fishman has been diagnosed with a neuromuscular condition.“While fortunately it has so far been...