Alan D. Schnitzer
Alan D. Schnitzer | |
|---|---|
| Born | 1965 |
| Occupation | Business executive |
| Known for | Chairman and CEO of The Travelers Companies |
Alan D. Schnitzer (born 1965) is a prominent American business leader currently holding the positions of chairman and chief executive officer at The Travelers Companies, Inc., a major insurer specializing in property and casualty coverage for automobiles, residences, and commercial enterprises.
Education
Schnitzer obtained his bachelor's degree from the University of Pennsylvania and later earned a J.D. degree from Columbia Law School.
Career
At the outset of his professional journey, Schnitzer was a partner at the law firm Simpson Thacher & Bartlett LLP, where he played a key role in advising on the 2004 merger between Travelers and the St. Paul Companies. He joined Travelers in 2007 as vice chairman and chief legal officer, contributing to various management committees within the organization.
In July 2014, Schnitzer was appointed CEO of business and international insurance, with responsibilities that included overseeing field operations, corporate communications, and public policy initiatives. He ascended to the role of CEO of Travelers in December 2015 and was later named chairman of the board in August 2017. His total compensation for 2024 amounted to $23.1 million.
Advisory positions
Schnitzer holds trustee roles at several institutions including the University of Pennsylvania, the New York City Ballet, and Memorial Sloan Kettering Cancer Center. Additionally, he serves as chairman of the American Property Casualty Insurance Association.
He is affiliated with The Business Council, the Business Roundtable, and the Council on Foreign Relations. In the past, Schnitzer contributed to the U.S. Securities and Exchange Commission’s Investor Advisory Committee formed under the provisions of the Dodd-Frank Act.
Personal life
In 1994, Schnitzer married Anne Berman, who is the stepdaughter of Robert Lipp. The couple met while attending the University of Pennsylvania and have two children together.