Travelers CEO Schnitzer elected chairman

Travelers CEO Alan Schnitzer has been unanimously chosen as the
company's new chairman of the board.
Directors voted for the executive to succeed John Dasburg, who
returns to his former role of independent lead director.
Dasburg said the board had taken the decision to combine the
chairman and CEO roles due to the "unprecedented change"
currently facing the industry.
He added: "Since Alan became CEO, the company has
strengthened its competitive advantages and meaningfully advanced
its strategic