The Travelers Companies

The corporate

human is Associate in Nursing yank insurance underwriter. this is often the second-largest author

folks industrial property casualty insurance and therefore the third largest yank author personal

insurance through freelance agents. It enclosed travelers in Minnesota, that is headquartered in the

big apple town and therefore the largest workplace in state capital, Connecticut. Travelers massive

workplace in St. Paul, Minn. And maintains. [1] was one among the Dow Jones Industrial Average

elements by since June eight, 2009. [3]

The company has field offices in each United States state, additionally to operations within the uk,

Ireland, Singapore, China, North American nation and Brazil. In 2012, the corporate recorded a

United States $ 25700000000 and total assets folks $ 104.9 billion revenue.

Travelers, through its subsidiaries and regarding fourteen,000 freelance agents and brokers, and

provides insurance product and property and casualty business and private services to company,

government units, associations and people. offer the insurance underwriter in 3 business segments:



Personal insurance, which has home, motorcar and different insurance product for people

Insurance business, that embrace a large vary of property and casualty insurance and insurance-

related services within the us

And specialised bond insurance, which has support, crime, responsibility and monetary firms that ar

used primarily subscription-based credit operations, likewise as property and casualty product that ar

typically marketed on a global basis.

History [edit]

Top: the acquainted brand of travelers umbrella, and even used her spinoff of Citigroup. Down: the

brand, that uses St. Paul before the merger with travelers.

Corporate travelers Home precursor firms, and therefore the company is that the St. Paul firms, Inc

. property and travelers establishment accidents.

St. Paul was based fireplace and Marine insurance underwriter March five, 1853, in St. Paul,

Minnesota, and serve native customers United Nations agency were having issue in getting payments

 of claims in a very timely manner from the insurance firms on the geographic region of the us.

Barely survived the panic of 1857 by paring down its operations considerably in later reorganize

itself into a joint stock company (as hostile mutual) company. and shortly unfold its operations across

 the country. In 1998 bought the USF & G, erst referred to as the us Fidelity and warranty

Company, Associate in Nursing insurance primarily based in port, Maryland company, however was

 forced to scale back by nearly 0.5 as a result of the competitive market. [5]

Travelers based in 1864 in state capital. Originally based to produce travel insurance for travelers at a
time once rail travel was way more serious and dangerous than nowadays, thence the name. on the

 means were several trade firsts, as well as the primary automotive, the primary policy of business

airline policy, the primary policy for spacefaring. [6] By the first Nineties, Travelers was principally

secure belongings and accidents conjointly signed to try to to some travel insurance on the aspect,

and went out quietly original add 1993. the remainder of the insurance business on the holidaymaker

travel was bought by a man of affairs from the personal sector that ar famed currently referred to as

Travel Insured International.


The human catchword, California. 1993
In the Nineties, he went through a series of mergers and acquisitions. Was purchased by Primerica in

 1993, [7] however the corporate preserved the name of the ensuing travelers. In 1995, the team

became the travelers. [6] bought the property and casualty business Aetna in 1996. [8]

In 1998, it united with Travelers cluster Citicorp to make Citigroup. [7] but, the synergies between

banking and insurance arms of the corporate didn't work well as planned, thus weave Citigroup

travelers property and casualty in a very subsidiary in 2002, [9] though it maintained its red umbrella

brand. 3 years later, Citigroup sold-out its life and pension travelers to MetLife. [10] In 2003,

travelers renewal of the Royal & Sun Alliance bought the rights of private insurance and

industrial firms. [11]

In 2004, the united St. Paul and travelers firms and altered its name St. Paul Travelers, with


headquarters stipulated in St. Paul, Minnesota. In August of that year, and he suspect it of deceptive

statements associated with the merger. [12] In spite of the various assurances from the Chief officer

 Jay Fishman that the company's new shaped retain St. Paul's name, and therefore the name of the

corporate and solely lasted till 2007, once it repurchased the correct company within the known red

umbrella brand from Citigroup and readopted because the main image for firms , whereas conjointly

dynamic  the company's name for the company travelers. [13] [14]

It is value mentioning that a lot of of the tourist's precursor firms, such as St. Paul and USF & G,
\still exists nowadays and still write policies and reviewed the claims, however solely on paper. As is

that the case in most insurance firms within the us travelers, ne'er solve the varied firms that got

them, however merely to create them all owned  subsidiaries and train their staff to figure on behalf

of these subsidiaries. this is often a method for the management of shared risk employed by insurance
teams within the us. If it gets hit anyone company within the cluster with lots of claims, things may

simply be contained thereto one company (which is placed within the runoff Associate in Nursingd

allowed to run its policies to an end), whereas still remaining from work usually cluster.


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