Code of Conduct

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Code of Conduct

On February 3, 2016, the Board of Directors of the Travelers Companies, Inc. (“Travelers”) adopted amendments to Travelers Code of Business Conduct and Ethics (the “Code”). The purpose of the amendments was to globalize the current Code and update the Code with respect to business and regulatory developments as well as to provide additional guidance and greater detail with respect to various matters, including with respect to raising ethical concerns/reporting obligations, conflicts of interest, separate policies and violations.

This summary of the amendments to the Code is qualified in its entirety by reference to the full text of the Code, as amended, which can be found here.