Travelers 2007 Annual Report Download - page 7

2007 Annual Report
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we now have trained selected employees within our com-
pany so that we have greater internal resources available
to respond to a large storm. We believe that we could now
respond to a Hurricane Katrina-like event without turning
significantly to outside adjusters.
Community support – We continued our tradition of
supporting the communities in which we live and work
through our 2007 foundation and corporate grants that
totaled more than $17 million. One significant effort is the
Travelers Education Access Initiative that was developed to
help address both educational and workforce challenges
in our key communities. The program is designed as a
series of relationships with colleges and universities that
will increase the number of underserved students going
to college; help ensure that students from underserved
communities graduate from college; and build awareness
of careers in insurance, potentially contributing to our
pipeline of new talent.
In 2007, we instituted relationships with the University of
Minnesota and Capital Community College in Hartford,
Conn., and we expect to form three additional relationships
in 2008.
Conclusion
I want to again thank our 33,300 employees for their
diligence and their expertise that contributed to our 2007
business success. I also would like to thank our agents and
brokers who interface with our customers and provide us
with important market insights that lead to product and
service enhancements.
I would also like to extend a special thanks to our Board
of Directors for their advice and counsel. Our board mem-
bers are extremely engaged and represent a wide range of
viewpoints that help us to respond to our ever-changing
business climate and corporate responsibilities.
Looking ahead to 2008, there is some indication that the
investment environment will continue to be more chal-
lenging. The insurance markets are also likely to become
modestly more competitive. I believe, however, that
Travelers is extraordinarily well positioned, and we see
more opportunity ahead. We will never stop looking for
ways to accelerate our well-earned momentum.
Jay S. Fishman
Chairman, Chief Executive Officer & President
Matthew S. Furman+
Senior Vice President &
Group General Counsel –
Corporate & Governance
Marlyss J. Gage+
Senior Vice President &
Chief Underwriting Officer
William P. Hannon*+
Executive Vice President –
Enterprise Risk Management
& Business Conduct Officer
William H. Heyman*+
Vice Chairman & Chief
Investment Officer
Martin P. Hudson+
Chief Executive Officer –
International
Patrick J. Kinney*+
President –
Field Management
Michael F. Klein*+
President –
Commercial Accounts
Thomas M. Kunkel+
President –
Bond & Financial Products
Joseph P. Lacher*+
Executive Vice President –
Personal Insurance &
Select Accounts
Samuel G. Liss*+
Executive Vice President –
Strategic Development and
Financial, Professional &
International Insurance
Brian W. MacLean*+
Executive Vice President &
Chief Operating Officer
William C. Malugen Jr.+
President &
Chief Executive Officer –
National Accounts
Maria Olivo*+
Executive Vice President –
Investor Relations and
Market Development
Wade T. Overgaard+
Senior Vice President &
Chief Corporate Actuary
Brian P. Reilly
Senior Vice President &
Chief Auditor
William M. Rohde Jr.+
President – Technology
Douglas K. Russell+
Senior Vice President,
Treasurer &
Corporate Controller
Scott W. Rynda
Senior Vice President –
Corporate Tax
Marc E. Schmittlein+
President – Select Accounts
Alan D. Schnitzer*+
Vice Chairman &
Chief Legal Officer
Peter Schwartz
Senior Vice President &
Group General Counsel –
Corporate Litigation
Gary L. Smith
Senior Vice President –
Government Relations
Kevin C. Smith+
President – Northland &
National Programs
Doreen Spadorcia*+
Executive Vice President –
Claim Services
Kenneth F. Spence III*+
Executive Vice President &
General Counsel
Gregory C. Toczydlowski+
Senior Vice President &
Chief Operating Officer –
Personal Insurance
*Management Committee Member
+Operating Committee Member