HARTFORD, Conn.--(BUSINESS WIRE)--
The Travelers Companies, Inc., (NYSE: TRV)
today announced that Joseph Tracy has been named President of Travelers
Inland Marine. Mr. Tracy was previously the Chief Underwriting
Officer for the Inland Marine business unit and has been with Travelers
since 2006. Mr. Tracy succeeds Richard Rowley, who has 36 years of
experience and founded Travelers Inland Marine in 1982. Mr. Rowley will
continue as a senior advisor with the organization.
"Travelers has been very fortunate to have had Dick's leadership over
these years and we are pleased that we will continue to have his
guidance," said James Chapman, President, Travelers First Party Group.
"Dick has been a great friend and colleague to those of us at Travelers
and in the agent community."
Mr. Rowley and Mr. Tracy have worked closely together over the last few
years to build a strong Inland Marine business unit. Their shared
success has ensured that Travelers Inland Marine remains the largest
commercial inland marine insurer in the nation.
"Joe's extensive, hands-on experience as an underwriter, along with his
dedication to continue providing access to innovative Inland Marine
products and services, will further strengthen the close working
relationship between Travelers and its vast network of independent
agents," said Chapman.
Prior to joining Travelers, Mr. Tracy was the head of OneBeacon
Insurance's Inland Marine operations. He also has significant experience
in Property, Ocean Marine and Boiler & Machinery insurance from the
Chubb Group of Insurance Companies and Kemper Insurance Companies. Mr.
Tracy graduated from Worcester Polytechnic Institute with a Bachelor of
Science in Mechanical Engineering.
Travelers Inland Marine provides business insurance products and
solutions for operations involved with fixed and mobile property of all
types including domestic cargo for all modes and forms of
transportation; fine art; communication equipment; scheduled and
non-scheduled property floaters; and all types of property used during
the course of construction or installation. For more information, visit www.inlandmarineexperts.com.
About Travelers
The Travelers Companies, Inc. (NYSE: TRV)
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. Travelers is a Fortune 100 company, with 2008 revenues of
approximately $24 billion. The company has 33,000 employees. For more
information on being in-synch, visit www.travelers.com.
Source: Travelers Companies, Inc.
Contact: Travelers Companies, Inc.
Jeffrey Weir, 860-277-8692