HARTFORD, Conn.--(BUSINESS WIRE)--
The Travelers Companies, Inc. (NYSE: TRV) today announced that it has become a Preferred Vendor to the Community Bankers of Iowa (CBI). This partnership provides CBI member banks access to the Travelers product portfolio, which includes a broad set of property, casualty and specialty lines coverage.
“Our community bankers require and deserve insurance options that meet their needs, and we believe Travelers delivers that,” said Dave Caris, Chief Executive Officer of the Community Bankers of Iowa. “Their ability to offer broad coverage in a complex business environment will benefit our members and the many Iowa residents who depend on them.”
Travelers’ financial institutions product portfolio is designed to address five primary exposures that affect most banks:
- Corporate management (Directors & Officers Liability, Employment Practices Liability and Fiduciary Liability);
- Crime (Financial Institution bond and Kidnap & Ransom);
- Cyber risks;
- Property; and
- Casualty (General Liability, Auto Liability and Worker’s Compensation).
“We appreciate the opportunity to work closely with the Community Bankers of Iowa and serve as their insurance partner,” said Jerry Keup, Vice President, National Underwriting Officer for Banks and Diversified Financial Institutions at Travelers. “Travelers has significant experience tailoring insurance products and risk management solutions for financial institutions, and we look forward to sharing that expertise to help benefit banks throughout the state.”
About CBI
The Community Bankers of Iowa exclusively promotes
and defends the common interests of independently owned and locally
controlled Iowa community banks whose services are vital to the
preservation of economic diversity in rural America. More than 300
independent community banks are located in Iowa, representing more than
1,000 communities across the state and employing over 5,000 Iowans. CBI
members have in excess of $3.2 billion in “common sense” loans to
consumers, small businesses and the agricultural community. For more
information, visit www.cbiaonline.org.
About Travelers
The Travelers Companies, Inc. (NYSE: TRV)
is a leading provider of property casualty insurance for auto,
home
and business.
A component of the Dow Jones Industrial Average, Travelers has
approximately 30,000 employees and generated revenues of approximately
$28 billion in 2016. For more information, visit www.travelers.com.
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