The Travelers Companies, Inc.
Leadership History
4 leaders · 2001 to present
Alan Schnitzer is the CEO of Travelers, in the role since 2015. The first chief executive was Robert I. Lipp, from 2001.
| Name | Role | From | To | Years in role |
|---|---|---|---|---|
| Daniel S. Frey | Executive Vice President and Chief Financial Officer | 2018 | Present | 8 |
| Alan D. Schnitzer | Chairman and Chief Executive Officer | 2015 | Present | 11 |
| Jay Fishman | Chairman and Chief Executive Officer | 2004 | 2015 | 11 |
| Robert I. Lipp | Chairman and Chief Executive Officer, Travelers Property Casualty | 2001 | 2004 | 3 |
Travelers is one of the largest U.S. property and casualty insurers. In 2025 it generated $48.828 billion in total revenues and $6.288 billion in net income, and grew net written premiums to a record $44.4 billion. The business runs on two engines: underwriting profit from pricing risk well, and investment income from the float it holds between collecting premiums and paying claims. It reports three segments. Business Insurance covers property, general liability, workers' compensation and commercial auto for small, middle-market and large companies. Bond & Specialty Insurance writes surety bonds, management liability and cyber coverage. Personal Insurance sells auto and homeowners policies, mostly through independent agents. Travelers sharpened its focus in January 2026 by completing the sale of its Canadian personal insurance business and most of its Canadian commercial business to Definity Financial for about US$2.4 billion, keeping Canadian surety and select lines. The stock trades on the NYSE as TRV, with a market capitalization of roughly $77 billion in September 2026. The company is headquartered in New York City, New York.
Executive Vice President and Chief Financial Officer
2018 – Present
8 years (current)
As CFO, he provides the absolutely critical financial discipline required to navigate the highly volatile property and casualty insurance market.
Chairman and Chief Executive Officer
2015 – Present
11 years (current)
Schnitzer joined Travelers in 2007 as general counsel, later ran Business and International Insurance, became CEO in December 2015 and chairman in 2017. Under his leadership Travelers invested heavily in data and technology, bought Corvus in 2024, sold most of its Canadian operations in 2026, and reported record 2025 premiums and net income.
Chairman and Chief Executive Officer
2004 – 2015
11 years
Fishman orchestrated the absolutely massive, highly strategic merger between The St. Paul Companies and Travelers Property Casualty in 2004, creating an absolute behemoth in the commercial insurance sector.
Serving as CEO until his tragic death from ALS in 2015, he is universally recognized as the absolute architect of the modern Travelers Companies, deeply cementing its status as a Dow Jones Industrial Average component.
Chairman and Chief Executive Officer, Travelers Property Casualty
2001 – 2004
3 years
Lipp led Travelers Property Casualty through its 2002 separation from Citigroup.
He agreed the 2004 merger with St. Paul Companies and became chairman of the combined company. Jay Fishman became chief executive.
Travelers faces catastrophe losses, social inflation, claim severity, regulatory pressure in difficult states, cyber aggregation risk, competition for profitable commercial accounts, and interest-rate sensitivity in the investment portfolio.
Key leaders include founder James G. Batterson (1864–1901), Sylvester Dunham (1901–1915), J. Doyle DeWitt (1952–1965), Edward Budd (1977–1993), Jay S. Fishman (2004–2015), and Alan D. Schnitzer (2015–present).
Batterson led Travelers for 37 years from 1864 until his death in 1901, pioneering travel accident, liability, and life insurance in America and establishing Hartford, Connecticut, as the insurance capital of the country.
Dunham oversaw the company's rapid diversification into workers' compensation, public indemnity liability, and automobile insurance, transforming Travelers into a nationwide multi-line insurance power.
DeWitt led modern post-war growth, established the red umbrella trademark in 1959, and approved the underwriting of groundbreaking aviation and space exploration insurance policies.
Sandy Weill's Primerica acquired Travelers in 1993, adopting the Travelers corporate name. In 1998, Travelers merged with Citicorp to create Citigroup, temporarily housing Travelers within the world's largest financial supermarket.
Citigroup discovered that cross-selling property casualty insurance alongside investment banking yielded limited synergies. Citigroup spun off Travelers in 2002, and in 2004, The St. Paul Companies CEO Jay Fishman orchestrated a $16 billion merger, taking helm of the unified company.
Fishman integrated St. Paul and Travelers into an underwriting powerhouse, bought back the red umbrella from Citigroup in 2007, led Travelers through the 2008 financial crisis without government bailout, and achieved inclusion in the Dow Jones Industrial Average in 2009.
Alan D. Schnitzer was named Chief Executive Officer in December 2015 and Chairman of the Board in 2017, having previously served as Vice Chairman leading the Business and International Insurance segments.
Schnitzer launched the "Perform and Transform" strategy, investing billions in cloud architecture, machine learning underwriting, and cyber risk capabilities, driving net income to record levels and expanding return on equity.
Travelers cultivates executive talent internally by rotating senior leaders through field operations, actuarial pricing, and capital management, ensuring seamless leadership transitions.
The Board provides independent oversight of catastrophe risk tolerances, actuarial reserve adequacy, capital allocation (dividends and buybacks), and executive compensation aligned with long-term shareholder value.
After being diagnosed with ALS, Fishman continued to lead with determination, planned a seamless transition to Alan Schnitzer in late 2015, established the Jay S. Fishman ALS Fellowship, and passed away in August 2016.
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