Alan D. Schnitzer
Also at Travelers Companies Inc
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
| Organization | Role | Date Range | Details |
|---|---|---|---|
| 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
| Organization | Role | Date 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
| Component Name | Amount | Payment Schedule | Additional Details |
|---|---|---|---|
| Base Salary | $1,450,000 | Annual | Fixed annual salary |
| Pension Service Cost | $295,500 | Annual | Actuarial present value of benefits accrued in 2023 |
| All Other Compensation | $327,794 | Annual | Includes 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
No information available on performance compensation for 2023