Jay Fishman News

St. Paul Settles with Conn,. Ill., N.Y. Attorneys General Over Broker Compensation

The St. Paul Travelers Companies Inc. has entered into a $77 million settlement with the attorneys general of New York, Connecticut and Illinois, as well as with the New York State Department of Insurance, resolving issues relating to those states’ …

St. Paul Travelers’ 2Q Profits Dip 9%; Raises Guidance

Insurer St. Paul Traveler’s Companies, Inc. said its profit fell 9 percent in the second quarter, but still beat analysts’ expectations. The company also disclosed a $42 million charge “for an additional legal provision related to investigations of various business …

St. Paul Travelers CEO to Speak at Merrill Lynch Investors Conference

Jay S. Fishman, chairman and chief executive officer of The St. Paul Travelers Companies, Inc. is scheduled to speak at 2:55 p.m. , eastern standard time on Thursday, Feb. 16 at the Merrill Lynch Insurance Investors Conference. The presentation will …

Travelers’ Profits Drop in Fourth Quarter, Asbestos, Cat Losses Listed

St. Paul Travelers Cos., the nation’s second largest business insurer, said its profit fell in the fourth quarter as it absorbed big charges for boosting asbestos reserves and losses from the hurricanes that hit the Gulf Coast and Florida, according …

People

Westfield Insurance has named Robert Testa executive, personal lines sales. In this capacity, he oversees employees in five states responsible for new personal lines business. Testa began his career at Westfield in 1991 and has served as claims representative, claims …

People & Places

Robert Testa Westfield Insurance has named Robert Testa executive, personal lines sales. In this capacity, he oversees employees in five states responsible for new personal lines business. Bryan Whipple Testa began his career at Westfield in 1991 and has served …

St. Paul Travelers Board Names Fishman Chairman

The Board of Directors of The St. Paul Travelers Companies, Inc. has unanimously elected President and Chief Executive Officer Jay S. Fishman to the additional post of chairman, effective immediately. Robert I. Lipp, who had held that position since the …

St. Paul Travelers Appoints Benet as Vice Chairman/CFO

The St. Paul Travelers Companies, Inc. has announced that Chief Financial Officer Jay S. Benet, 53, has been promoted to the position of vice chairman and CFO. The appointment is effective immediately. “Jay has earned an outstanding reputation throughout the …

St. Paul Travelers Reports All Segments ‘Strong’ in 2nd Quarter

The St. Paul Travelers Companies, Inc. reported record net income for the current quarter of $1.069 billion, or $1.59 per basic share and $1.52 per diluted share, compared to a net loss of $275 million, or $0.42 per basic and …

People

Jennifer Fahrenkrug has been promoted to territory manager at Sheboygan, Wis.-based regional property/casualty insurer ACUITY and will handle the company’s Michigan and Northern Ohio territories. Meanwhile, Kelly Taber has been named commercial lines staff underwriter at the firm’s corporate headquarters. …