Travelers 2007 Annual Report Download - page 23

FINANCIAL, PROFESSIONAL & INTERNATIONAL INSURANCE
The Financial, Professional & International Insurance segment includes surety and financial
liability coverages, which require a primarily credit-based underwriting process, as well as property and
casualty products that are primarily marketed on an international basis. The segment includes the
following businesses:
•Bond & Financial Products provides a wide range of customers with bond and insurance products
and risk management services. The range of coverages includes surety and fidelity bonds for
construction and general commercial enterprises; professional liability and management liability
for public corporations, private companies and not-for-profit organizations for losses caused by
the negligence or misconduct of named directors and officers; professional liability for a variety
of professionals, such as lawyers, design professionals and real estate agents for liability from
errors and omissions committed in the course of professional conduct or practice; and a full
range of property, auto, liability, fidelity and professional/management liability insurance for
financial institutions, with a special focus on community banks.
•International includes business written through domestic operations in the United Kingdom,
Canada and the Republic of Ireland and business written as a corporate member at Lloyd’s.
International, through its operations in the United Kingdom, Canada and Ireland, offers
specialized insurance and risk management services to several customer groups, including those
in the technology, public services, and financial and professional services industry sectors. These
operations primarily underwrite employers’ liability (similar to workers’ compensation coverage
in the United States), public and product liability (the equivalent of general liability),
professional indemnity (similar to professional liability coverage), motor (similar to automobile
coverage in the United States) and property exposures. International, through its Lloyd’s
syndicate (Syndicate 5000), for which the Company provides 100% of the capital, underwrites
five principal lines of business—aviation, marine, global property, accident and special risks, and
power and utilities.
Selected Market and Product Information
The following table sets forth Financial, Professional & International Insurance net written
premiums by market and product line for the periods indicated. For a description of the markets and
product lines referred to in the table, see ‘‘—Principal Markets and Methods of Distribution’’ and
‘‘—Product Lines,’’ respectively.
% of Total
(for the year ended December 31, in millions) 2007 2006 2005 2007
By market:
Bond & Financial Products ........................... $2,228 $2,255 $2,117 64.3%
International ..................................... 1,237 1,138 1,042 35.7
Total Financial, Professional & International Insurance by
market ...................................... $3,465 $3,393 $3,159 100.0%
By product line:
Fidelity and surety ................................. $1,152 $1,125 $1,026 33.2%
General liability ................................... 942 1,006 981 27.2
International ..................................... 1,237 1,138 1,042 35.7
Other .......................................... 134 124 110 3.9
Total Financial, Professional & International Insurance by
product line .................................. $3,465 $3,393 $3,159 100.0%
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