() is the second largest underwriter of commercial property casualty and personal
Insurance in the
United States . The company is headquartered in
St. Paul, Minnesota and has major operations in
Hartford, Connecticut .
The company has field offices in every U.S. state, plus operations in the
United Kingdom ,
Ireland and
Canada . In 2005, the company reported
Revenue s of
US$ 24.4 billion and total
Assets of US$113.2 billion.
Travelers, through its subsidiaries and approximately 14,000 independent agents and brokers, provides commercial and personal property and casualty insurance products and services to businesses, government units, associations, and individuals. The company offers insurance through three segments:
- ''Personal Insurance'', which includes home, auto and other insurance products for individuals
- ''Business Insurance'', which includes a broad array of property and casualty insurance and insurance-related services in the United States
- ''Financial, Professional & International Insurance'', which includes surety, crime, and financial liability businesses which primarily use credit-based underwriting processes, as well as property and casualty products that are predominantly marketed on an international basis
The main predecessor companies of Travelers are the St. Paul Companies and Travelers Property Casualty Corporation.
The was founded in 1853 in St. Paul, Minnesota, serving local customers who were having a difficult time getting claim payments in a timely manner from insurance companies on the east coast of the United States. It barely survived the ,
2007 .
was founded in 1864 in Hartford, Connecticut. Along the way it had many industry firsts, including the first automobile policy, the first commercial airline policy, and the first policy for space travel.
Citigroup history - Travelers
In the 1990s, it went through a series of mergers and acquisitions. It was bought by ,
1996
In 1998, the Travelers Group bought Citicorp to form ,
2005 .
In 2003, Travelers bought renewal rights for Royal & SunAlliance Personal Insurance and Commercial businesses.
Travelers Property Casualty Corp. Buys Renewal Rights To Commercial and Personal Lines Businesses of Royal & SunAlliance , Travelers Property Casualty Press Release, ,
2007
Travelers provides support for charitable organizations in the community through two private foundations, Travelers Foundation and Travelers Connecticut Foundation. Travelers' community giving remains focused on community development, education, the arts, and culturally diverse programs. The company's employees are consistently active in community initiatives and give thousands of hours in volunteer time each year. In 2006, its two private foundations contributed up to $15 million dollars.
Travelers 2006 Annual Charitable Contributions Top $15 Million , Travelers press release,
March 16 ,
2007
In 2006, the company introduced a new brand advertising campaign, including four television commercials: Bridge, Boxer, Snowball and Shark. The commercials tell the story ever-changing risks and the importnce of keeping your insurnace "in-synch." In 2007, the company added two additional commercials to the campaign, Risk and Luck, and Snowball was nominated for an Emmy.
Snowball featured a man, walking down a steep ,
2006
Also in 2007, the company sponsored the Travelers Championship golf tournament on the PGA TOUR.
