Travelers Cos. Inc. on Monday said it plans to reorganize reporting as a result of the retirement of President and Chief Operating Officer Brian MacLean, which will be effective March 31, 2018.
Michael Klein, who leads personal insurance; Tom Kunkel, who leads bond and specialty insurance; Nick Seminara, who leads claim and special liability group; Kevin Smith, who leads international; and Greg Toczydlowski, who leads business insurance, will all report to Travelers Chairman and CEO Alan Schnitzer, the insurer said in a statement.
“Brian has made extraordinary contributions to Travelers over a spectacular 30-year career,” Mr. Schnitzer said in the company’s statement.
“It has been a privilege to be part of this company for three decades,” Mr. MacLean said in the statement.
Travelers Cos. Inc. reported sharply lower profits in the third quarter of 2017 amid significantly higher hurricane and other catastrophe losses, with the company expecting additional impacts this year from the California wildfires.