Toronto, ON (Nov. 10, 2016) – Travelers Canada today announced the appointment of Heather Masterson as President and Chief Executive Officer, effective immediately. Masterson succeeds Duane Sanders, who has taken a senior leadership role in the company’s largest business segment in the United States.
Masterson, who joined Travelers Canada in September 2015 as Chief Operating Officer, was previously President and CEO of Totten Insurance Group. She also held several executive positions at HUB International and served as Vice President of AIG WorldSource.
“Heather is a proven leader with a tremendous background in the industry and an exceptional track record,” said Kevin Smith, President of International at Travelers. “She has brought a valuable perspective to our distribution strategy through her knowledge of the Canadian marketplace. I am confident that Heather will identify ways to continue leveraging our deep competitive advantages and grow our presence in Canada.”
Masterson said, “I am excited about the opportunity to lead the talented team at Travelers Canada. Together, we will stay focused on innovation and service excellence. I am also looking forward to building upon our relationships with brokers to ensure that we deliver a compelling proposition for customers and prospects.”
Sanders played a key role in the Travelers acquisition and integration of The Dominion of Canada General Insurance Company and oversaw the successful introduction of the company’s personal auto product in Ontario, TRAVELERS OPTIMA™.
Smith added, “I want to thank Duane for his many contributions to our International organization. He has done an outstanding job building a strong foundation upon which Travelers Canada will continue to grow.”
The Travelers Companies, Inc. (NYSE: TRV) is a leading provider of property casualty insurance for auto, home and business. A component of the Dow Jones Industrial Average, Travelers has approximately 30,000 employees and generated revenues of approximately $27 billion in 2015. For more information about Travelers Canada, visit www.travelerscanada.ca.