Travelers Promotes Bill Cunningham to EVP, Business Insurance

The Travelers Companies (New York) has promoted Bill Cunningham to executive vice president, Business Insurance, effective March 1, 2010. Cunningham will succeed John Albano, following the latter's decision to take on a part time role in order to pursue outside interests, according to a Travelers source.

Cunningham began his career with Travelers in 1987 in Commercial Accounts and has held a number of positions of increasing responsibility since then, including leadership roles in the Travelers Construction, National Accounts and Commercial Accounts businesses, according to the Travelers source. Cunningham is also a member of the company's Management Committee.

"Bill has a tremendous depth of underwriting and leadership experience across our commercial lines businesses and is the stand-out choice to continue building on the success and strong organization that John has built," comments Brian W. MacLean, president and COO, Travelers.

"John Albano has played a critical role in the success of this organization over the past 38 years," MacLean adds. "While John has decided to take on a part time role at Travelers, I am pleased that the company will continue to benefit from his significant experience, talent and leadership. Specifically, the Regional President organization will continue to report to John. In addition, John has agreed to serve in an advisory capacity to the leadership of our International business helping us to leverage Travelers' U.S. product capabilities and the related opportunities for our International business."

Jay S. Fishman, Travelers chairman and CEO, comments, "I would like to personally thank John for the tremendous contribution he has made to this company. John has been a key partner, and I couldn't be more pleased that he has agreed to continue contributing in such important roles. I am also pleased that Bill Cunningham will now be leading Business Insurance, our largest business segment. With a terrific team in place, coupled with Bill's track record and leadership skills, I have tremendous confidence in what we will continue to accomplish in Business Insurance."

Anthony O'Donnell has covered technology in the insurance industry since 2000, when he joined the editorial staff of Insurance & Technology. As an editor and reporter for I&T and the InformationWeek Financial Services of TechWeb he has written on all areas of information ... View Full Bio