Travelers SelectOne® Offers Insurance Companies Broad Coverage in Tough Economic Times

Business Editors

SAINT PAUL, Minn.--(BUSINESS WIRE)--February 19, 2009--As mounting economic uncertainty leads to new and increasingly complex business challenges for executives, Travelers (NYSE: TRV) Bond & Financial Products has unveiled new program enhancements and a Private/Mutual Insurance Company endorsement as part of its Travelers SelectOne ® for Insurance Companies product. Travelers SelectOne offers broad, contemporary coverage, designed specifically for the needs of mutual and privately held insurers.

“This new combination of coverage enhancements offers privately held and mutual insurance companies a state-of-the-art policy to protect their assets and maximize coverage in a loss situation,” said Bob Dominiak, insurance company practice leader, Travelers Bond & Financial Products. “Our financial strength, claims expertise, and our longevity in underwriting insurance companies immediately puts our customers at ease. They understand that we know this business and the current challenges they are facing.”

These program enhancements and new endorsement offer expanded coverage for executives of qualifying privately held or mutual insurance companies and are specifically designed to meet the difficulties presented by today’s turbulent economy.

This combination offers policyholders:

Broader coverage for directors and officers, company reimbursement, and the company, which significantly enhances the coverage to directors and officers to protect their personal assets.
Broader coverage for employment practices liability, including providing separately in the policy a sublimit of $1,000,000 of coverage for Third Party Sexual Harassment.
Extended coverage for fiduciary liability, including a sublimit for HIPAA Civil Penalties, and separately in the policy, a sublimit of $100,000 for Voluntary Compliance Program coverage.
Enhanced coverage for insurance company professional liability, including final adjudication language for Fraud and Personal profit exclusions.
Broader definition of loss, including prejudgment and post judgment interest.
Identity Fraud Expense Reimbursement coverage with a sublimit of $1,000 per Insured Person.

In addition to enhanced coverages, customers will have access to experienced underwriters in sixteen specialty field offices across the country as well as skilled claim specialists with the expertise needed to manage and settle claims.

Travelers SelectOne for Insurance Companies’ new program enhancements and the Private/Mutual Insurance Company endorsement are available in most states effective immediately.

About Travelers

The Travelers Companies, Inc. (NYSE: TRV) is a leading property casualty insurer selling primarily through independent agents and brokers. Travelers understands that life and business are inherently dynamic and that the best way to serve customers is to deliver insurance in-synch with evolving risks. The company’s diverse business lines offer its global customers a wide range of coverage in the auto, home and business settings. Travelers is a Fortune 100 company, with 2008 revenues of approximately $24 billion. The company has more than 33,000 employees. For more information on being in-synch, visit www.travelers.com.