What company owns Travelers insurance?
Travelers is owned by its shareholders, as it is a publicly traded company. The biggest shareholders are The Vanguard Group, BlackRock, and State Street Corp which have a combined ownership stake of almost 25%, according to public records, as of Q1 2020. Travelers was founded in 1864.
Who did Travelers insurance merge with?
In the wake of the “Terminator” taking the helm as California’s new governor, Travelers Property Casualty Corp. and The St. Paul Companies Inc.
When did Travelers and St Paul merge?
April 1, 2004
The St. Paul and Travelers merged on April 1, 2004, to form one of the largest property casualty insurers and financial services firms: The St. Paul Travelers Companies, Inc.
Who is the CEO of Travelers insurance?
Alan D. Schnitzer (Dec 1, 2015–)
The Travelers Companies/CEO
Alan Schnitzer is Chairman and Chief Executive Officer of Travelers, a leading provider of property casualty insurance for auto, home and business. A component of the Dow Jones Industrial Average, Travelers generated revenues of approximately $29 billion in 2017.
What was Travelers insurance called before?
The Travelers Companies
|Founded||1853 (as St. Paul Fire & Marine) 2004 (as The Travelers Companies)|
|Headquarters||New York City, New York, United States|
|Key people||Alan D. Schnitzer (Chairman and CEO)|
What type of insurance is travelers?
commercial property casualty insurance
The Travelers Companies, Inc., commonly known as Travelers, is an American insurance company. It is the second-largest writer of U.S. commercial property casualty insurance, and the sixth-largest writer of U.S. personal insurance through independent agents….The Travelers Companies.
When did travelers and St Paul insurance merge?
The St. Paul and Travelers merged on April 1, 2004, to form one of the largest property casualty insurers and financial services firms: The St. Paul Travelers Companies, Inc. In February 2007, we changed our name to The Travelers Companies, Inc.
How are the subsidiaries of the Travelers Insurance Company?
As is typical of most insurers in the United States, Travelers never dissolved the various companies it acquired, but simply made them wholly owned subsidiaries and trained its employees to act on behalf of those subsidiaries. This is a common risk management strategy used by U.S. insurance groups.
When did Citigroup merge with Travelers Insurance Company?
In April 1998, the Travelers Group merged with Citicorp to form Citigroup. However, the synergies between the banking and insurance arms of the company did not work as well as planned, so Citigroup spun off Travelers Property and Casualty into a subsidiary company in 2002, although it kept the red umbrella logo.
When did travelers leave the travel insurance business?
By the early 1990s, Travelers was predominantly a general property and casualty insurer that also happened to do some travel insurance on the side, and in February 1994, Travelers quietly exited its original travel insurance business by selling the unit to a retiring Travelers executive.