Travelers

The first company to insure an automobile, Minnesota-based St. Paul Travelers has been in business for more than 150 years and ranks among the nation’s top writers of automobile and homeowners insurance policies.

Since writing the first auto policy in 1897, Travelers has grown to become the 93rd-ranked company on the Fortune 500 list with $115 billion in assets, 12,000 independent agencies and 33,000 employees. Primarily writing automobile and home insurance, Travelers is America’s second leading supplier of homeowners insurance and reported $26 billion in revenues for 2007. The company earned an A+ (Superior) rating from A.M. Best based on its financial strength.

Company Chairman and Chief Executive Officer Jay S. Fishman earned a bachelor’s and master’s degree from the University of Pennsylvania’s Wharton School of Business. He first joined Travelers in 1994 as senior vice president, eventually serving as chairman, president and chief executive officer from 2000-2001.

Fishman briefly left Travelers in 2001 to become chairman, president and chief executive officer of the St. Paul Companies, an insurance provider that eventually acquired Travelers from Citigroup in 2003. The new insurance corporation changed its name to The St. Paul Travelers Companies with Fishman at the helm. St. Paul Travelers is traded as The Travelers Companies on the New York Stock Exchange (TRV).

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