June 13 - Travelers (NYSE: TRV) has been endorsed by the South Carolina Bankers Association as a preferred provider of bank insurance products. Member banks now have access through the association to the Travelers SelectOne+ for Community Banks portfolio of products, which includes a comprehensive set of coverages on specialty lines as well as a full suite of property/casualty products.
"Travelers brings a wealth of benefits to the community bankers who are serving our residents across the state," said Fred Green, president and CEO of the South Carolina Bankers Association. "I believe their strong brand and comprehensive products offer a tremendous value to our members.”
Travelers SelectOne+ for Community Banks flexible product line includes crime (financial institution bond), directors and officers liability, bankers professional liability and a variety of e-business and property/casualty exposures, all designed to work together to help reduce potential gaps and overlaps in coverage. Travelers SelectOne+ pairs the company’s in-depth knowledge of community banks with a century of experience serving financial institutions to create products that respond to the most recent trends in community banking, including cyber risks.
"We are honored that the SCBA has selected us as their insurance partner," said Mark Horton, second vice president and national director of community banks at Travelers. "With more than a century of experience serving the banking industry, Travelers can provide SCBA member banks with customized insurance offerings, as well as specialized underwriting and claim specialists to support the unique needs of community banks."
The South Carolina Bankers Association has proudly served South Carolina's banking industry for more than 110 years. The SCBA is the professional trade association organized to effectively represent the common interest and welfare of the banking industry in South Carolina, and to promote the professional development of its members and individual practitioners. For more information please visit www.scbankers.org.
The Travelers Companies Inc. (NYSE: TRV) is a provider of property casualty insurance for auto, home and business. The company's diverse business lines offer its global customers a wide range of coverage sold primarily through independent agents and brokers. A component of the Dow Jones Industrial Average, Travelers has more than 30,000 employees and operations in the U.S., Canada, U.K. and Ireland. The company generated revenues of approximately $26 billion in 2012. For more information, visit www.travelers.com.