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Travelers' president, COO retiring

Travelers Cos. Inc. President and COO Brian MacLean will retire March 31, 2018, after a 30-year tenure at the company.

The insurer in a press release announcing MacLean's pending departure also disclosed changes to the reporting structure of its business leaders. Michael Klein, who leads personal insurance; Tom Kunkel, who leads bond & specialty insurance; Nick Seminara, who leads claim and special liability group; Kevin Smith, who leads international; and Greg Toczydlowski, who leads business insurance, will all report to Chairman and CEO Alan Schnitzer.