The Travelers Companies, Inc. · St. Paul, MN United States ·(NYSE: TRV)
Company Description
Phone: 651-310-7911
Fax: 651-310-3386
Toll Free: 800-328-2189
Rankings
- #184 in FT Global 500
- #99 in FORTUNE 500
- S&P 500
- Dow Jones Industrials
View The Travelers Companies, Inc. Locations On A US Map
This link will open in a new window
This link will open in a new window Running a business is a risk The Travelers Companies will insure. While it does offer personal auto and homeowners insurance, the company's largest segment is commercial property/casualty insurance to businesses big and small. It is one of largest business insurers in the US, providing commercial auto, property, workers' compensation, marine, and general and financial liability coverage to companies in North America and the UK. The company also offers surety and fidelity bonds as well as professional and management liability coverage for commercial operations. The Travelers distributes its products through independent agencies and brokers. To read the full description, subscribe now.
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!
Key The Travelers Companies, Inc. Financials
| Company Type | Public - NYSE: TRV Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $24,477.0 |
| 2008 Employees | 33,000 |
The Travelers Companies, Inc. Executives
49 executives listed for The Travelers Companies, Inc.'s St. Paul, MN location.
| Title | Name & Bio | Contact |
| Chairman and CEO | Jay Fishman | Network |
| President and COO | Brian MacLean | Network |
| Vice Chairman and CFO | Jay Benet | Network |
Competition
Competitive Landscape for The Travelers Companies, Inc.
Demand is driven by demographics and commercial transactions. Demand is also driven by legal or financial requirements. Consumers are usually required by states to buy auto insurance and by lenders to buy homeowners insurance, for example. The profitability of individual companies depends on effective marketing and on the ability to accurately estimate future payments. Large companies have big economies of scale in administration and in access to capital, as well as advertising and marketing. Small companies can compete successfully by specializing in particular products or industries. Average annual revenue per worker is around $400,000, so the industry is not labor-intensive. In the late 2000s recession, insurers saw revenues decline sharply when their investment portfolios lost value after the market fell. Insurance carriers rely heavily on their investment portfolios, which is where they invest premiums collected until they are needed to pay claims or benefits. In addition, deregulation of the insurance and financial services industries led to increased risk taking that hurt insurers' credit ratings. Insurance giant AIG was forced to accept $150 billion in government loans to stave off bankruptcy that was brought on by its overexposure to credit default swaps. Federal government bailouts have primarily targeted banks. Aside from AIG, insurance companies have not been as hard hit by the subprime mortgage meltdown. But some insurance companies are seeking relief from state regulators to allow them to operate with less capital. Other insurance companies are buying financial institutions to qualify for federal aid. To read the full description, subscribe now.Top The Travelers Companies, Inc. Competitors
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!