Travelers

Travelers Reinsurance (Travelers BoilerRe) is the reinsurance arm of The Travelers Companies, offering treaty and facultative equipment breakdown reinsurance. It builds on Travelers’ century-long engineering expertise to provide flexible and tailored reinsurance and risk-control services.

History of Travelers Reinsurance

Originally known as Travelers Boiler & Machinery, the company was founded in 1907 to serve America’s fast-growing industrial sector. It began by insuring boilers and machinery to reduce business downtime.

Travelers Reinsurance later expanded to offer reinsurance solutions through what is now known as Travelers BoilerRe. Major milestones in the firm's evolution include:

• entry into reinsurance market: expanded to offer equipment breakdown reinsurance services
• growth in client base: formed long-term partnerships with carriers, MGAs, and municipal pools
• treaty and facultative leadership: became a top provider of reinsurance in equipment breakdown space
• engineering-based underwriting: developed unique risk models grounded in mechanical and systems knowledge
• launch of risk control services: introduced national inspection programs and technical loss prevention tools
• digital tools integration: deployed Jurisdiction Online™ to match regulatory state inspection systems
• flexible ceding structures: created custom net pricing and quota share options for reinsurance clients
• trusted long-term advisor: sustained 20-year relationships with many insurance company partners

In 2024, Travelers expanded its catastrophe treaty coverage to $3.5 billion to strengthen risk protection. The following year, it raised reinsurance retention by $500 million to boost overall treaty capacity.

Reinsurance products and services

Known in the market as Travelers BoilerRe, the firm focuses on equipment breakdown reinsurance. It helps insurers build or grow programs with flexible structures and tailored services:

Travelers Reinsurance products

• treaty reinsurance: covers a group of risks over a defined period
• facultative reinsurance: offers one-time coverage for specific, individual risks
• quota share: reinsurance structure that shares premiums and losses at a set percentage
• net pricing: no commission; reinsurer charges a flat net rate
• risk sharing: insurer keeps part of the risk to improve profitability

Company services

• risk control: provides inspections and technical guidance for equipment breakdown exposures
• program development: supports custom reinsurance forms, rate filings, and product planning
• underwriting support: offers fast, expert quoting from engineers with reinsurance experience
• claims handling: 24/7 team focused only on equipment breakdown losses
• training services: customized sessions for reinsurance sales, coverage, and technical topics

Travelers Reinsurance supports carriers and MGAs with tailored tools that reduce risk and increase growth. Whether launching or enhancing a program, their reinsurance expertise makes complex coverage more manageable.

Culture and core values

Travelers Reinsurance promotes a people-first culture built on trust, teamwork, and long-term service. Its work is guided by the Travelers Promise, a shared commitment to customers, communities, and colleagues.

Employee benefits

The company also offers comprehensive programs that support health, balance, future planning, and personal growth:

• medical, dental and vision plans: PPO options, preventive care, complex services, and vision coverage for lenses and exams
• wellness program: gym discounts, coaching, and weight programs like WW for health goals
• paid holidays and time off: over four weeks PTO, company holidays, and parental leave for new parents
• financial security programs: 401(k) match, company-funded pension, and student loan savings program
• short-/long-term disability: up to 13 weeks leave with full pay for eight, partial pay for five
• prescription drug coverage: for employees enrolled in any Travelers medical plan
• employee and family support: 24/7 mental health help, childcare discounts, and identity fraud recovery
• education and adoption support: pays tuition up to $5,250 yearly and reimburses adoption costs up to $5,000

Benefits are available on Day 1 for eligible staff and their families, including partners and children.

Diversity and inclusion

Travelers Reinsurance values different voices, lived experiences, and shared belonging across its workforce. Initiatives include:

• diversity networks
• growth and mentorship
• people and community programs

Attracting and retaining top talent from all backgrounds helps Travelers Reinsurance maintain its talent edge.

Sustainability approach

Travelers Reinsurance builds its strength on lasting advantages and smart long-term decisions. Its edge comes from talent, strong data, technology, and solid financials.

The future at Travelers Reinsurance

The firm continues to expand globally by backing Brazil’s Junto Re, a local captive reinsurer. Junto kept its A- rating from AM Best, supported by strong surplus and risk controls. Travelers owns 50 percent through Travelers Brazil Acquisition LLC, which deepens collaboration across operations and enterprise risk management.

Travelers Reinsurance also added more casualty coverage in 2025 at a lower attachment point. The change followed strong reinsurer interest and solid performance in past accident years. The goal is to support future growth while managing risk more effectively.