The Travelers Companies Inc. reported $806 million in net profit for the 2012 first quarter. The first-quarter profit was down 4 percent when compared to one year ago, but the result during the year-ago period was boosted by a one-time, …
The owner of a Des Moines firm that provides companies with temporary employees has been sentenced to nearly five years in federal prison in a scheme to reduce the cost of his workers’ compensation insurance. The U.S. attorney’s office says …
Travelers Companies Inc.’s business insurance had renewal premium rate gains of 8 percent for the fourth quarter 2011 and 10 percent for December, said CEO Jay Fishman. He offered his remarks during the company earnings call held yesterday. Travelers has …
Indian financial services firm Reliance Capital is in talks with potential partners to sell up to 26 percent in its general insurance business though a deal may be at least six months away, its chief executive told reporters late on …
Travelers, Fireman’s Fund and Electric Insurance are the latest insurers to reach a settlement with Massachusetts attorney general’s office over motorcycle insurance premiums. The three companies are accused of overcharging the state’s motorcycle owners and later this month, these insurers …
The Hanover Insurance Group Inc. has appointed Meredith Lavallee as personal lines territory sales manager for the company’s Massachusetts market, effective Aug. 1. In her new role, Lavallee will help the company’s agents sell The Hanover’s portfolio of personal lines …
Travelers UK branch announced that David Sawyer has been appointed Assistant General Manager responsible for the management of the professional indemnity portfolio for Travelers Insurance Company Ltd. He joins Travelers from QBE where he was Portfolio Manager within the Professional …
A year after most Georgia insurers increased homeowners premiums by 9 to 23 percent, a new wave of increase requests is pending. State Farm, Georgia’s largest writer of homeowners policies, is seeking a 7 percent increase for next year. That …
Travelers announced a series of promotions within Travelers Syndicate Management Ltd. (Syndicate 5000), the company’s Lloyd’s operation, “to support long-term development in this important market.” Alan Prestwich, previously head of the Marine team, has been promoted to Senior Business Unit …
The Travelers Companies Inc. in Hartford has appointed Raymond T. Martino as the president of Ocean Marine. Martino is responsible for the overall leadership and management of the ocean marine unit, which provides insurance products for commercial hulls, cargo, luxury …
