Foreign Risk Services and Global Accounts

By: Traveler's  09-12-2011
Keywords: Insurance, Risk Management, Travelers

Foreign Risk Services and Global Accounts

Travelers Canada is a Canadian property casualty insurer with U.S. and Global capabilities. As our Insureds' deliver their products and services on a worldwide basis, Travelers Canada is there, able to meet their insurance needs. Our U.S. and global capabilities give us a competitive edge. We have well over a century of experience in serving international markets.

Travelers first international operations were formed in 1866 when the company underwrite its first policy in Canada. By the early 1900’s, Travelers was underwriting insurance in the London market. Today, worldwide-owned operations and insurance partner network give us access to over 60 countries. We are members of the INI (International Network of Insurance), a European based network of companies with affiliations around the world. Our arrangements with these companies are designed to provide the maximum in products and services in a seamless manner.

For Canadian based accounts with us exposure our Foreign Risk Services (FRS) office in St. Paul, Minnesota provides U.S. primary insurance products and services offered by Travelers in the U.S.A. – we cannot write stand alone U.S. exposures

Our Products include:

  • Property, including Boiler & Machinery
  • Commercial General Liability (including Workers Compensation)
  • Automobile ($10,000 US minimum premium)

Policies must be countersigned by a U.S. agent.
Our Clients include those clients for which Travelers writes the Canadian portion of the account.

We Underwrite:

  • Technology Risks
  • Construction Risks
  • Middle Market Risks

Our services include satisfying country insurance requirements for Canadian domiciled organizations with operations and locations outside Canada.

Our Global expertise includes:

  • Technical underwriting, pricing, forms and coverage
  • Knowledge of local compliance issues – rates, forms, compulsory lines
  • Local market expertise
  • Knowledge of Travelers products and services
  • Coordination of internal and external services, including Risk Management Services

The information in this article was current at 06 Dec 2011

Keywords: Canadian Property, Insurance, Risk Management, Travelers

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