Travelers Insurance Company, Ltd. · Redhill, Surrey United Kingdom
Company Description
Phone: +44-1737-787-787
Fax: +44-1737-786-733
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This link will open in a new window Need insurance for the yacht club, the golf course, or that spiffy new warehouse? The Travelers Insurance Company could help. A UK division of The Travelers Companies , Travelers Insurance Company provides commercial property and liability insurance, as well as professional indemnity, and risk management services. Customers include computer and technology companies, the automotive industry, transportation and manufacturing industries, medical institutions, local governments, and universities. The company also provides marine hull and cargo insurance, and surety bonds. Travelers Insurance Company Ltd. operates alongside its parent's Lloyd's operations known as Travelers Syndicate 5000. To read the full description, subscribe now.
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Key Travelers Insurance Company, Ltd. Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $315.9 |
| Employees | 100 |
Travelers Insurance Company, Ltd. Executives
12 executives listed for Travelers Insurance Company, Ltd.'s Redhill, Surrey location.
| Title | Name & Bio | Contact |
| CEO | Martin Hudson | Network |
| COO | Anthony Dilley | Network |
| CFO | Michael Gent | Network |
Competition
Competitive Landscape for Travelers Insurance Company, Ltd.
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 Travelers Insurance Company, Ltd. Competitors
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