Travelers Selected by Community Bankers of Iowa as Preferred Vendor
December 20 2017 - 08:00AM
Business Wire
Travelers offers flexible, customizable
coverage that includes cyber risks
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 CBIThe 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 TravelersThe 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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MEDIA CONTACT:The Travelers Companies, Inc.Michael
Whitmer, 860-277-2010mwhitmer@travelers.com
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