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Alan D. Schnitzer

Chairman of the Board and Chief Executive Officer at TRAVELERS COMPANIES
Board
Since December 2015
Age
59 years
Education
Holds a legal background demonstrated by prior experience as a partner at a prominent law firm, though formal educational details are not provided.
Tenure
Joined TRV in 04-2007 as Vice Chairman and Chief Legal Officer, then progressed through several leadership roles including Executive Vice President and Chief Legal Officer before being promoted to Chief Executive Officer in December 2015 and subsequently becoming Chairman of the Board in August 2017.

Also at TRAVELERS COMPANIES

AFB
Andy F. Bessette
Executive Vice President and Chief Administrative Officer
AJK
Avrohom J. Kess
Vice Chairman and Chief Legal Officer
DSF
Daniel S. Frey
Executive Vice President and Chief Financial Officer

About

Alan D. Schnitzer is a seasoned leader with extensive experience in the insurance industry, serving as the Chairman of the Board and Chief Executive Officer at TRV. At 59 years old, he has demonstrated a strong foundation in legal and financial management that has shaped his professional journey.

Beginning his career at TRV in April 2007 as Vice Chairman and Chief Legal Officer, he quickly ascended through various roles. His leadership encompassed responsibilities as Executive Vice President and Chief Legal Officer, reflecting his ability to navigate complex regulatory and financial challenges.

His dedication and expertise culminated in his appointment as Chief Executive Officer in December 2015, followed by his promotion to Chairman of the Board in August 2017. Throughout his tenure, he has played a crucial role in strategizing and steering the company through significant market changes, all while contributing to philanthropic and cultural initiatives through active board and trustee roles.

With a commitment to operational excellence and community engagement, his career at TRV not only highlights his leadership in the corporate arena but also underscores his impact on broader societal and cultural endeavors.

$TRV Performance Under Alan D. Schnitzer

Past Roles

OrganizationRoleDate RangeDetails
TRV Vice Chairman and Chief Executive Officer, Business and International Insurance July 2014 to December 2015 N/A
TRV Vice Chairman - Financial, Professional & International Insurance and Field Management; Chief Legal Officer May 2012 to July 2014 N/A
TRV Vice Chairman and Chief Legal Officer and Executive Vice President - Financial, Professional and International Insurance May 2008 to May 2012 N/A
TRV Vice Chairman and Chief Legal Officer April 2007 to May 2008 N/A
Simpson Thacher & Bartlett LLP Partner N/A Pre-TRV role

External Roles

OrganizationRoleDate Range
University of Pennsylvania Trustee N/A
Memorial Sloan Kettering Cancer Center Trustee N/A
New York City Ballet Director N/A
ReadyCT Director N/A

Fixed Compensation

Data from  FY 2023
Component NameAmountPayment ScheduleAdditional Details
Base Salary$1,450,000 AnnualFixed annual salary
Pension Service Cost$295,500 AnnualActuarial present value of benefits accrued in 2023
All Other Compensation$327,794 AnnualIncludes Personal use of a company car and driver: $26,183; Personal security expenses: $243,788; Tax and financial planning services: $18,073; Incremental cost for personal travel on company aircraft: $25,680

Performance Compensation

Data from  FY 2023

No information available on performance compensation for 2023

Interviews

A Conversation with Travelers Chairman and CEO Alan Schnitzer thumbnail

A Conversation with Travelers Chairman and CEO Alan Schnitzer

Travelers
41:38 min
Nov 10, 2023