Latest Travelers Headlines
All the headlines from our Travelers Topic Page, ordered by recency.
Best Affirms FSR for Travelers PC Pool
Apr 19 2005 // A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) of Travelers Property Casualty Pool (Travelers PC Pool) (Hartford, Conn.). Concurrently, A.M. Best has affirmed the debt ratings of “a-”...
St. Paul Travelers Unveils Internet Basic Liability Protection Policy for Certain Tech Businesses
Apr 19 2005 // St. Paul Travelers has launched a basic Internet liability policy aimed at small to mid-size technology businesses at the Risk and Insurance Management Society Conference (RIMS) in Philadelphia. Internet Basic Liability...
Conn. AG to Oppose MetLife-Travelers Life Merger
Apr 14 2005 // Connecticut Attorney general Richard Blumenthal said he would oppose the acquisition of Hartford-based Travelers Life & Annuity by MetLife Inc. because he said it is bad for his state’s economy. “This...
MetLife Buy of Travelers to Cost 600 Jobs
Apr 13 2005 // MetLife Inc., one of the nation’s largest insurers, revealed that it will cut 600 jobs within a year as part of its takeover of Travelers Life and Annuity. One hundred positions will be eliminated immediately and 500...
COO Miller Exits St. Paul Travelers for OneBeacon
Apr 11 2005 // The St. Paul Travelers Companies, Inc. today announced that T. Michael Miller, co-chief operating officer, has resigned to pursue an opportunity outside of the company. Miller is going to OneBeacon Insurance, a wholly...
MetLife Sells Second Manhattan Building to Fund Acquisition of Travelers Life
Apr 3 2005 // MetLife Inc. agreed to sell its Manhattan building above Grand Central Station, formerly called the Pan Am building, for $1.72 billion, its second major real-estate deal this week. The sale to Tishman Speyer Properties LP...
Conn. Gov. Rell ‘Unhappy’ Over Possible Big Job Losses from MetLife Buy of Travelers Life
Mar 30 2005 // Connecticut Governor M. Jodi Rell said today she is “extremely unhappy” as she learns more about the possibility of significant job losses resulting from MetLife’s planned acquisition of Travelers Life...
St. Paul Travelers Sets Plan to Sell Stake in Nuveen
Mar 28 2005 // Nuveen Investments, Inc. and The St. Paul Travelers Companies, Inc. announced that St. Paul Travelers is implementing a program to sell its equity interest in Nuveen Investments. The objective of the transactions is for...
St. Paul Travelers Agrees to Fund Winding Down of Maryland Urban Insurer American Skyline
Mar 22 2005 // Having decided last year to end its support after four years and $30 million, The St. Paul Travelers Cos. has now agreed to funnel funds one last time into a Maryland insurer it helped start as a model to serve urban...
St. Paul Travelers Revamps Its Small Commercial Insurance Offerings
Mar 16 2005 // St. Paul Travelers is rolling out an enhanced Select Accounts platform for small commercial insurance. The Select platform includes new and expanded products and services designed to re-energize the marketplace for agents...
Travelers Assists Employers Offering Auto, Home Insurance Benefit from Multiple Carriers
Mar 7 2005 // Travelers is making it easier for companies with more than 5,000 employees to offer a choice of providers for auto and homeowners insurance through payroll deduction. A member of St. Paul Travelers, Travelers has dedicated...
Conn. Gov. Meets with MetLife over Travelers Jobs
Mar 7 2005 // Connecticut Governor M. Jodi Rell met today with Robert Benmosche, chairman and chief executive officer of MetLife Inc., to discuss the company’s recent acquisition of Travelers Life & Annuity and its potential...
MetLife to Tell Travelers Employees of Job Status
Feb 22 2005 // MetLife Inc. will inform employees of Travelers Life & Annuity in Hartford, Conn. by April 4 whether job cuts will be imposed after Travelers is acquired, according to a memo. MetLife, which plans to buy...
Allstate, AIG, Chubb, St. Paul/Travelers Ask Pa. Commissioner to Examine ACE Brandywine Sale
Feb 21 2005 // The law firm representing Allstate Insurance Company, American International Group Inc., Chubb & Son, and St. Paul Travelers has filed a demand, addressed to Diane Koken head of the Pennsylvania Department of...
Travelers Cuts N.Y. Auto Rates
Feb 11 2005 // New Yorkers who insure their private passenger automobile through Travelers will see on average a 5.5 percent rate reduction in 2005, resulting in a cumulative savings of almost $33 million, accordign to the New York State...
St. Paul Travelers Reports $303M Q4 Profit
Feb 8 2005 // The St. Paul Travelers Cos. recently reported net income of $303 million for the quarter ended Dec. 31, 2004, or 45 cents per basic share and 44 cents per diluted share, compared to $489 million, or $1.13 per basic share...
Fitch Affirms Rating for St. Paul Travelers Ratings After Asbestos Charge; Outlook is Stable
Jan 31 2005 // Fitch Ratings has affirmed the ‘A-‘ long-term issuer and senior debt ratings of The St. Paul Travelers Companies Inc. (STA), Travelers Property Casualty Corp. and Travelers Insurance Group Holdings. The...
MetLife to Acquire Travelers Life for $11.5 Billion; Firms Also Plan Distribution Partnership
Jan 31 2005 // MetLife, Inc. and Citigroup Inc. today announced an agreement for the sale of Citigroup’s Travelers Life & Annuity, and substantially all of Citigroup’s international insurance businesses, to MetLife for...
Platinum Amends St.Paul/Travelers Share Options
Jan 11 2005 // Bermuda-based Platinum Underwriters Holdings Ltd. announced that it has amended the options issued to The St. Paul Travelers Companies, Inc., formerly The St. Paul Companies, Inc. at the time of Platinum’s initial...
Chubb: Medical Emergencies Top Fear for Travelers
Jan 11 2005 // More than 70 percent of Americans surveyed said their greatest concern when traveling is suffering a medical emergency (e.g., broken bones, heart attack, other sudden or serious injury or illness), according to a...
