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Travelers today announced that the Arkansas Community Bankers
Association has chosen the company as its preferred provider for bank
insurance products.
The Arkansas Community Bankers Association represents 161 community
banks and thrifts throughout Arkansas. Travelers SelectOneSM
for community banks product will provide the Arkansas Community Bankers
Association with property-casualty coverages and directors and officers
liability, fiduciary liability and bankers professional liability
coverages. Travelers is now the insurance coverage partner for 11
affiliate members of the Independent Community Bankers of America (ICBA).
“This partnership provides members of the
Arkansas Community Bankers Association with access to the portfolio of
products in our SelectOneSM program,”
said Mark Horton, second vice president and national director of
community banks, Travelers. “Additionally, the
Arkansas Community Bankers Association will be eligible to participate
in the ICBA/Travelers Insurance Program, which offers a policyholder
safety group dividend plan.”
“We are pleased that we have found a product
that will provide the most comprehensive coverage options for our
members,” said Richard Trammel, executive
director of the Arkansas Community Bankers Association. “Everyone
who is a part of our association is confident that Travelers will
continue to provide our members with the necessary coverage as our risks
change through the years.”
Since 1890, Travelers has provided coverage to financial institutions
and is the endorsed carrier of the ICBA. The ICBA/Travelers Insurance
Program has been offered to ICBA members for the past 24 years.
The Arkansas Community Bankers Association was founded in 1980 and is
committed to the preservation of community banks, their franchise values
and the integrity of their local economies.
About Travelers
Travelers understands that life and business are inherently dynamic and
that the best way to serve agents and policyholders is to deliver
insurance that evolves to stay in-synch with life and business as they
change. For more information on being in-synch, visit www.travelers.com.
Travelers is a business of The St. Paul Travelers Companies, Inc.
(NYSE:STA), a leading property casualty insurer selling primarily
through independent agents and brokers. The company’s
diverse business lines offer its global customers a wide range of
coverage in both the personal and commercial settings, including
automobile, homeowners, construction, small business, oil and gas, ocean
marine, financial and professional services, global technology and
public sector services. St. Paul Travelers is ranked 85 in the Fortune
500, with 2005 revenues of $24.4 billion and total assets of $113.2
billion. The company has approximately 32,000 employees.