SAINT PAUL, Minn. -- St. Paul Travelers (NYSE:STA) today announced that it has been named the preferred provider for bank insurance products by the Community Bankers Association of Oklahoma (CBAO).
St. Paul Travelers is now the preferred provider of property-casualty coverages and directors
"The CBAO is the 10th affiliate member of the Independent Community Bankers of America (ICBA) that has selected St. Paul Travelers as its insurance coverage partner," said Mark Horton, national director of community banks, St. Paul Travelers. "Through this partnership, members of the CBAO will have access to our St. Paul Travelers SelectOne(SM) portfolio of products and be able to participate in the ICBA/St. Paul Travelers Insurance Program which includes a policyholder safety group dividend plan."
"Our community bank members are the ultimate winners here," said Craig Buford, president & CEO, CBAO. "We are always looking for insurance coverages that would be of great benefit to our members. St. Paul Travelers has an excellent reputation for being at the forefront of developing products for emerging risks and that's important to community bankers."
Since 1890, St. Paul Travelers has provided coverage to financial institutions and is the endorsed carrier of the ICBA. The ICBA/St. Paul Travelers Insurance Program has been offered to ICBA members for the past 23 years.
The CBAO was founded in 1976 as a trade association dedicated to focusing on issues that impact community bankers.
St. Paul Travelers is a leading provider of property casualty insurance. For more information, visit www.stpaultravelers.com.