ICBA News Release
FOR IMMEDIATE RELEASE
ICBA and Travelers Celebrate 30 Years of Service to Community Banks
Las Vegas, Nev. (March 11, 2013)—The Independent Community Bankers of America® today recognized the 30th anniversary of its key strategic relationship with Travelers during the 2013 ICBA National Convention and Techworld® at the Wynn Las Vegas and Encore. An ICBA Preferred Service Provider since 1983, Travelers has brought unique value to ICBA-member community banks with its complete line of insurance products offered through the Travelers SelectOne® ICBA insurance program.
“ICBA is thrilled to announce its 30th anniversary with Travelers. We are so pleased with the ongoing success of the Travelers SelectOne program and the value it brings to participating ICBA member banks,” said Dan Clancy, executive vice president of services at ICBA. “Travelers’ dedication to community banks is evident through its extensive collection of products that cover the risks that community banks face, which, combined with their superior service, represents an unmatched value in this space. We look forward to continuing this relationship for the benefit of our participating members.”
The Travelers SelectOne program offers state-of-the-art insurance solutions for financial institution bond, director and officer liability, banker professional liability, and a variety of e-business and property/casualty exposures. Travelers has responded to changing risks by providing additional coverage options, including the Cyber+ program to address new threats, such as hacking and phishing attacks.
Earlier this year, Travelers announced that eligible ICBA member banks will share in a $3.36 million dividend resulting from their participation in the Travelers SelectOne program and successful risk management in the 2011 program year. During the 30-year relationship between ICBA and Travelers, member banks have shared more than $40 million in policyholder dividends.
“We are delighted to celebrate 30 years with ICBA and are proud of our ongoing relationship with the association and its member banks,” said Gary Erickson, vice president of financial institutions for Travelers. “We recognize the important role community banks play and are committed to protecting them through tailored insurance products and services.”
For more information about the Travelers SelectOne ICBA insurance program, visit www.travelers.com/communitybanks.
The Independent Community Bankers of America®, the nation’s voice for nearly 7,000 community banks of all sizes and charter types, is dedicated exclusively to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education and high-quality products and services. For more information, visit www.icba.org.
The Travelers Companies, Inc. 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 United States and selected international markets. The company generated revenues of approximately $26 billion in 2012. For more information, visit www.travelers.com.