HARTFORD, Conn.--(BUSINESS WIRE)--The Travelers Companies, Inc. (NYSE: TRV) today announced that David D. Rowland and Daniel T.H. Yin have each been promoted to Executive Vice President and Co-Chief Investment Officer, effective immediately. William H. Heyman, who previously served as Chief Investment Officer since 2002, will remain on the company’s senior leadership team as Vice Chairman and continue to serve as Chair of the company’s Investment Policy Committee.
“Bill Heyman’s impact on Travelers’ success over close to two decades cannot be overstated,” said Alan D. Schnitzer, Chairman and Chief Executive Officer of Travelers. “His steady hand and disciplined approach to investing have guided us through various business cycles and challenging economic conditions, including the financial crisis. We are all deeply grateful for everything he has contributed to this company, and we are fortunate that we will continue to benefit from his insight, experience and wisdom.”
Rowland and Yin have a combined tenure of 40 years at the company and have held positions of increasing responsibility within the Investments group, most recently serving as Deputy Chief Investment Officers. Rowland is responsible for the company’s fixed income portfolio, and Yin is responsible for the company’s portfolio of equities and alternative investments.
Schnitzer added, “Dave and Dan are longtime leaders in our Investments group and have been integral in developing and implementing our investment philosophy. They have done an outstanding job of managing the risk and reward equation for our investment portfolio, and they have a proven track record of results. I couldn’t be more pleased to have them as partners as they both join our Management Committee.”
Rowland joined Travelers in 1996 and holds a bachelor’s degree in economics from the University of Notre Dame and a master’s degree in management from Northwestern University’s Kellogg School of Management. He is also a CFA® charterholder, a member of the CFA Society Minnesota and a board member of the Minnesota Higher Education Facilities Authority.
Yin joined Travelers in 2002 and holds a bachelor’s degree from the University of Pennsylvania, an MBA from New York University and a J.D. from Suffolk University in Boston. He is also a CFA® charterholder.
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 $30 billion in 2018. For more information, visit travelers.com.