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MacLean to retire as president of Travelers

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Brian MacLean, president and COO of The Travelers Companies, will retire from the company early next year, and upper management will see a realignment of its reporting structure.

Travelers announced that MacLean will retire effective March 31, 2018, after 30 years with the company.

As a result of MacLean’s retirement, Travelers said it is realigning the reporting structure of its business leaders. Michael Klein, who leads Personal Insurance; Tom Kunkel, who leads Bond & Specialty Insurance; Nick Seminara, who leads Claim and Special Liability Group; Kevin Smith, who leads International; and Greg Toczydlowski, who leads Business Insurance, will report to Chairman and Chief Executive Officer Alan Schnitzer. These units had been reporting to MacLean.

news.5“Brian has made extraordinary contributions to Travelers over a spectacular 30-year career,” said Schnitzer. “He has been an integral part of our leadership team for more than a decade, helping to build Travelers into the company it is today. We are deeply grateful for his leadership and dedication and wish him all the best in his next chapter.”

MacLean joined the company in 1988 as director of Planning in the Corporate Finance Department. In 1993, he was appointed chief financial officer for Claims, and in 1996, became CFO for Commercial Lines. In 1999, he was named senior vice president to lead Commercial Lines Select Accounts, and in 2002 was promoted to executive vice president and appointed to lead Claims.

In 2005, MacLean was named executive vice president and chief operating officer, reporting to Jay Fishman, who was then president and CEO. Fishman added president to MacLean’s titles in 2008.

When Schnitzer was named chairman and CEO in late 2015 succeeding Fishman, MacLean remained as president and chief operating officer and reported to Schnitzer. At that time, MacLean also assumed direct responsibility for the Business and International Insurance segment in addition to his other responsibilities that included Personal Insurance and Bond & Financial Products.


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