HARTFORD, Conn., August 11, 2011 – The Travelers Companies, Inc. is pleased to announce the appointment of Raymond T. Martino as the President of its Ocean Marine business unit. Martino is responsible for the overall leadership and management of Travelers Ocean Marine, which provides highly specialized property and liability insurance products for maritime-oriented risks including commercial hulls, cargo, luxury yachts, port authorities, shipbuilders and numerous other specialized exposures.
“Ray is an accomplished professional and a tremendous asset to Travelers with more than 30 years of experience in the Ocean Marine insurance industry,” said Jim Chapman, President of Travelers First Party Business Group. “From underwriting and field operations to product development and marketing, Ray has all of the skills and experience needed to lead this business.”
Prior to this appointment, Martino served as Vice President of Field Operations for Ocean Marine. Previously, he was theChief Underwriting Officer for Ocean Marine, and from 2000 to 2003, he served as the head of the Ocean Marine operation for Atlantic Mutual, which was later acquired by Travelers. Martino is based in New Jersey and reports to Chapman. This appointment is effective immediately.
“I am very pleased with our industry leadership position in this market. Under Ray’s guidance and with the strength of his team, our Ocean Marine business is well positioned for continued future success,” said Chapman.
Martino is a member of American Institute of Marine Underwriters (AIMU), the American Bureau of Shipping and the National Cargo Bureau. He serves on the Board of Directors for the Life Saving Benevolent Society, American Hull Insurance Syndicate, Water Quality Insurance Syndicate and the American Institute of Marine Underwriters. Martino holds a bachelor’s degree from Carnegie Mellon.
The Travelers Companies, Inc. (NYSE: TRV) is a leading 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 $25 billion in 2010. For more information, visit www.travelers.com.
