Jay Fishman News

St. Paul Travelers Names MacLean EVP and COO

Property/casualty insurer St. Paul Travelers announced Brian MacLean, 51, has been named executive vice president and chief operating officer. He will report to President and CEO Jay Fishman. The appointment is effective immediately. MacLean joined the St. Paul-based company in …

St. Paul Travelers Names MacLean Executive VP, COO

St. Paul Travelers announced Brian MacLean, 51, has been named executive vice president and COO, reporting to Jay Fishman, president and CEO. “Brian MacLean is a seasoned executive manager, with more than 17 years’ experience with our company and in …

St. Paul Travelers Q1 Increase Sets Record; Fishman Pleased with Start to the Year

St. Paul Travelers Companies Inc. on Wednesday reported income from continuing operations of $877 million for the quarter ended March 31, 2005, or $1.31 per basic share and $1.25 per diluted share, compared to $587 million, or $1.35 per basic …

COO Miller Exits St. Paul Travelers for OneBeacon

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 owned subsidiary of White Mountains Insurance Group, …

Amore to Serve as AIA 2005-06 Board Chairman

John J. Amore, chief executive officer general insurance of Zurich Financial Services Group, has been named the new chairman of the board of directors of the American Insurance Association. Michael S. McGavick, president and chief executive officer of Safeco Corporation, …

The Shake Down of 2004

This year will no doubt go down in insurance history as a year to remember. For the most part, the year slid by with minimal excitement … that was until the fall of 2004 when the industry was hit by …

St. Paul Travelers Looks to Bring Top Line in Commercial Up as it Unveils Q3 Report

The St. Paul Travelers Cos. Inc. (NYSE:STA) has reported net income of $340 million for the third quarter ended Sept. 30, 2004, or $0.51 per basic share and $0.50 per diluted share, compared to $426 million, or $0.98 per basic …

Spence Named General Counsel at St. Paul Travelers

St. Paul Travelers has announced that Kenneth F. Spence III, 49, has been named senior vice president and general counsel effective immediately. Spence will report directly to Jay Fishman, president and CEO. Most recently, Spence was vice president of the …

St. Paul Travelers Hit With Class Action Suit Over $1.6 Billion Reserve Charge

A law firm representing former St. Paul Travelers Cos. shareholders announced it has filed suit against the company relating to the $1.6 billion reserve charge the company took last month to bring St. Paul’s accounting standards into line with Travelers’. …

St. Paul Travelers Reports Q2 Loss Following SEC Guidance on Loss Reserves

The St. Paul Travelers Companies, Inc. (NYSE:STA) announced that the company reached a conclusion on the accounting treatment for the previously announced reserve adjustments and will record the adjustments as a charge to the income statement in the second quarter …