Jay Fishman News

Travelers Promotes MacLean to President

The Travelers Companies Inc. reported that Chief Operating Officer Brian W. MacLean has been promoted from executive vice president to president. Jay S. Fishman, chairman and chief executive officer, made the announcement. As president and chief operating officer, MacLean continues …

Travelers Forecasts 2008 Operating Earnings at Lower Range

Travelers Companies Inc., one of the largest U.S. property insurers, said Thursday that a a “fine tuning” of its investment outlook gives it a bias towards the lower end of a previous forecast for operating earnings. On April 24, the …

Skin in the Game: How Insurance CEOs Fare and Why Buffett is a Bargain

Since the March 10 issue of Insurance Journal puts the spotlight on agency salaries (Who’s Worth What? Insurance Journal’s Annual Agency Salary Survey), it’s only fair that the compensation of corporate CEOs come in for some scrutiny as well. No, …

Skin in the Game

Since this issue of Insurance Journal puts the spotlight on agency salaries, it’s only fair that the compensation of corporate CEOs come in for some scrutiny as well. No, we’re not going on a paycheck hunt, even though the information …

Skin in the Game

Since this issue of Insurance Journal puts the spotlight on agency salaries, it’s only fair that the compensation of corporate CEOs come in for some scrutiny as well. No, we’re not going on a paycheck hunt, even though the information …

Skin In the Game

Since this issue of Insurance Journal puts the spotlight on agency salaries, it’s only fair that the compensation of corporate CEOs come in for some scrutiny as well. No, we’re not going on a paycheck hunt, even though the information …

Skin In the Game

Since this issue of Insurance Journal puts the spotlight on agency salaries, it’s only fair that the compensation of corporate CEOs come in for some scrutiny as well. No, we’re not going on a paycheck hunt, even though the information …

Travelers Reports Combined Ratio for 2007 at 87.4%; 4Q Profit Dips

Profits at Travelers Companies fell 11 percent in the last quarter of 2007 as sales slowed. The company reported solid underwriting results with a consolidated combined ratio of 87.4 percent. Fourth-quarter net income declined to $1.06 billion, or $1.64 a …

Travelers Settles ACandS Asbestos Claims for $365 Million Net

The Travelers Companies, Inc. said it has settled all current and future asbestos-related coverage claims relating to ACandS, Inc. Under the settlement agreement, Travelers will contribute $449 million to a trust to be established pursuant to ACandS’ plan of reorganization. …

Travelers’ CEO Fishman Paid $15.7 Million Last Year

Travelers insurance said on Friday that it paid Chairman and CEO Jay S. Fishman $15.7 million last year, a period when calm weather fueled big profits for one of the nation’s largest commercial insurers. Fishman’s pay included a $1 million …