Alan D. Schnitzer

Alan D. Schnitzer (born 1965) is the Chief Executive Officer of Travelers, and serves on the company's Board of Directors.[1] He was previously Vice Chairman of The Travelers Companies, Inc. (NYSE: TRV), a leading provider of property casualty insurance for auto, home and business, and Chief Executive Officer of the company's Business and International Insurance segment. [2] [3] Schnitzer oversaw Travelers’ Field Management, Corporate Communications and Public Policy organizations. [4]

Education

Schnitzer received his Bachelor's degree from The Wharton School of the University of Pennsylvania, graduating magna cum laude. He earned his J.D. from Columbia Law School where he was a Harlan Fiske Stone Scholar.[5]

Career

Schnitzer was named Vice Chairman and Chief Executive Officer of Business and International Insurance for Travelers in July 2014. He also oversaw Field Management, Corporate Communications and Public Policy.[4] Previously, he headed the company’s Financial, Professional and International Insurance segment.[6] Schnitzer was instrumental in repositioning the company’s international business, including Travelers’ expanded presence in South America and Canada.[7] In 2013, under Schnitzer's leadership, Travelers’ International Insurance acquired The Dominion of Canada General Insurance Company from E-L Financial Corporation Limited (TSX: ELF).[8] In 2015, Travelers’ joint venture with J. Malucelli acquired a majority interest in Cardinal Compañía de Seguros, a Colombian start-up surety provider.[9][10]

Schnitzer first joined Travelers in 2007 as Vice Chairman and Chief Legal Officer and has served on the company’s Management and Operating Committees since that time.[11] In that role he oversaw the company’s legal, public policy and government affairs functions.

Prior to joining Travelers, Schnitzer was a partner at the law firm of Simpson Thacher & Bartlett LLP, where he advised corporate clients on a variety of transactions and general corporate law matters. While at Simpson Thacher, Schnitzer served as Travelers’ lead outside counsel.[12]

Advisory positions

Schnitzer is on the Advisory Board for the University of Pennsylvania’s Institute for Urban Research,[13] and he is a member of the Council on Foreign Relations.[14] He served on the U.S. Securities and Exchange Commission’s Investor Advisory Committee created under the Dodd-Frank Act.[15] He is also a member of The Business Council.[16]

Philanthropy

Schnitzer is on the Board of Directors for the Connecticut Council for Education Reform (CCER).[17] He is a member of the Metropolitan Museum of Art’s Business Committee[18] Schnitzer also serves on the board of directors of the New York City Ballet.[19]

Awards

Schnitzer received the Metropolitan Museum of Art’s Business Committee Civic Leadership Award in the spring of 2015.[20]

References

  1. ↑ "Fishman's last day as Travelers CEO". HartfordBusiness.com. Hartford Business Journal. 30 November 2015. Retrieved 1 December 2015.
  2. ↑ Giammon, Craig. "Travelers Names Schnitzer Unit CEO as Cunningham Departs". Bloomberg News. Retrieved 6 August 2015.
  3. ↑ Bloomberg News
  4. 1 2 "Travelers Appoints Business CEO". Intelligent Insurer. Retrieved 6 August 2015.
  5. ↑ "Travelers Cos Inc : Travelers Names Alan D. Schnitzer as Vice Chairman". 4-Traders. Retrieved 6 August 2015.
  6. ↑ "Travelers Companies Inc (TRV)". Reuters. Retrieved 6 August 2015.
  7. ↑ Gregorie, Jill. "Travelers gains majority interest in Brazilian P&C". Insurance Business America.
  8. ↑ Buhayar, Noah. "Travelers to Buy E-L’s Dominion of Canada for $1.1 Billion". Bloomberg News. Retrieved 6 August 2015.
  9. ↑ Cao, Jing. "Travelers to Buy Stake in Colombian Insurance Startup". Bloomberg News. Retrieved 6 August 2015.
  10. ↑ Travelers Completes Acquisition of Cardinal Compania, First Edition, Flexible Minds, Manchester, 2002, p. 18
  11. ↑ "Travelers Names Schnitzer CLO". Property Casualty 360. Retrieved 6 August 2015.
  12. ↑ "Advisory Boards". PennIUR.UPenn.edu. Retrieved 6 August 2015.
  13. ↑ "Membership Roster". Council on Foreign Relations. Retrieved 6 August 2015.
  14. ↑ "Investor Advisory Committee". SEC. Retrieved 6 August 2015.
  15. ↑ "Active Member Directory". TheBusinessCouncil.org. Retrieved 23 November 2015.
  16. ↑ "Board of Directors". Connecticut Council for Education Reform. Retrieved 6 August 2015.
  17. ↑ "The Met Business Committee"
  18. ↑ http://www.nycballet.com/About/Board-and-Staff/Board-of-Directors.aspx
  19. ↑ "Met Museum Spring Gala: Business Committee Civic Leadership Award". NewYorkCity.Eventful.com. Retrieved 6 August 2015.
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