Travelers Appoints Stewart Morrison as CIO

Travelers Property Casualty Corp. (NYSE: TAP.A and TAP.B) announced yesterday the appointment of Stewart R. Morrison as Chief Investment Officer. Mr. Morrison, who will report to Robert I. Lipp, Chairman and CEO, will manage the company's $35 billion investment portfolio and serve as a member of the senior management of the company. "The cornerstones of our business are solid underwriting and conservative management of our investments," said Mr. Lipp. "In September, we took an important step, as a newly public company, to strengthen our investment management and oversight by creating a kno...