Press Release Details

SAINT PAUL, Minn.--(BUSINESS WIRE)-- Travelers (NYSE: TRV) is pleased to announce it has been endorsed as a service provider for bank insurance products by CBAA Services, Inc., a subsidiary of the Community Bankers Association of Alabama (CBAA).

As the only insurer endorsed by the CBAA for insurance products and services, Travelers' endorsed service provider status means that members of the Community Bankers Association of Alabama will be able to take advantage of the Travelers SelectOne^(R) for Community Banks portfolio of products.

"We are very pleased to have been selected by the CBAA as their bank insurance partner," said Mark Horton, second vice president and national director of community banks at Travelers. "Now, CBAA member banks can take advantage of Travelers' portfolio of customizable insurance offerings specifically designed for community banks, along with specialized underwriting and claim specialists to support the unique needs of community banks."

"As an endorsed service provider, Travelers will bring a wealth of benefits to our members," said Hayes Parnell, chairman of CBAA Services and CBAA chairman-elect. "Travelers is well-known within the membership of our association and has always been supportive of CBAA."

Travelers SelectOne for Community Banks flexible product line includes crime (financial institution bond), directors and officers liability, bankers professional liability and a variety of e-business and property/casualty exposures -- all designed to work together to help reduce potential gaps and overlaps in coverage.

Since 1890, Travelers has provided coverage to financial institutions and is the endorsed carrier of the Independent Community Bankers Association (ICBA). The Travelers ICBA Insurance Program has been available to ICBA members since 1983; offering benefits and features designed specifically for ICBA members, including the potential for a safety group dividend based on the loss experience of the member institutions, an incentive that has paid out more than $26 million to eligible banks since the program began. Travelers is now the insurance coverage partner of 16 affiliate members of the ICBA.

About CBAA

Founded in 1986, the Community Bankers Association of Alabama is the only statewide trade association that exclusively represents community banks in Alabama. CBAA consists of approximately 130 banks with combined assets totaling almost $23 billion. CBAA's member banks employ nearly 7,000 individuals in more than 500 locations across Alabama. For more information please visit www.MyCBAA.com.

About Travelers

The Travelers Companies, Inc. is a leading property casualty insurer selling primarily through independent agents and brokers. Travelers understands that life and business are inherently dynamic and that the best way to serve customers is to deliver insurance in-synch with evolving risks. The company's diverse business lines offer its global customers a wide range of coverage in the auto, home and business settings. A Fortune 100 company, Travelers has 33,000 employees and 2008 revenues of approximately $24 billion. Travelers stock is traded on the New York Stock Exchange (NYSE: TRV) and is a component of the Dow Jones Industrial Average. For more information on being in-synch, visit www.travelers.com.

    Source: Travelers