Travelers Europe has named Mike Lawton as its new chief operating officer (COO), pending regulatory approval.
In the new role, Lawton will be responsible for managing the day-to-day business operations of Travelers Europe and advancing the company’s objectives.
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He will report to Travelers Europe CEO Matthew Wilson.
Lawton has almost 20 years of experience in broking and underwriting. He joined Travelers Europe in 2016 to head the business insurance practice.
His previous experience includes senior roles at a “leading international carrier” and a UK brokerage.
Wilson said: “Mike has been an invaluable member of our leadership team for many years. I am confident that his knowledge and expertise will help us strengthen our presence in the market, drive efficiency and deliver outstanding service to brokers and customers.”
Lawton added: “I have seen first hand how our unique and collaborative culture has guided our business to great success and ensured that we are well-placed to capitalise on the many opportunities we see on the horizon.
“I am delighted to be taking on this new role at this exciting time in the company’s growth journey.”
Travelers has a long-standing presence in Europe in the general insurance space and through Lloyd’s.
It offers services including business insurance, bond and specialty insurance, and risk management services through Travelers Insurance Company.
Additionally, Travelers Syndicate 5000 at Lloyd’s is known for underwriting specialist business classes such as marine, energy, accident and special risks, aviation and portfolio solutions.
For the quarter ending 31 December 2024, the Travelers Companies reported net income of $2.08bn, a 28% increase from $1.63bn in the same quarter of the previous year.
Full-year net income stood at around $5bn, a 67% rise from 2023.
