Travelers Group Selects New Advertising Agency.
Merkley Newman Harty, a division of Omnicom, will have responsibility for Travelers Group's corporate image advertising, and trade advertising for Travelers Life & Annuity and Travelers Property Casualty Corp. -- two of Travelers Group's insurance subsidiaries. Advertising for the company's Salomon Smith Barney unit will continue to be handled by McCann-Erickson.
Commenting on the agency selection, Chairman and Chief Executive Officer Sanford I. Weill said, "Travelers Group is a very different company than it was five years ago. Yet our well-known red umbrella continues to be associated primarily with our role as a leading domestic insurer, rather than as a global, fully integrated financial services provider."
Weill added, "We believe Merkley Newman Harty can help us design an advertising strategy that cuts through the insurance industry clutter, and also enables people to understand and appreciate the full scope and capabilities of Travelers Group. We are impressed with Merkley Newman Harty's creativity and vitality, and are proud to be associated with them."
Travelers Group is one of the nation's largest diversified financial services companies, with approximately $170 billion in assets. Its operating companies include Smith Barney, Travelers Life & Annuity, Primerica Financial Services, Travelers Property Casualty and Commercial Credit. Following completion of its announced acquisition of Salomon Inc, on a pro forma basis Travelers Group is expected have assets totaling more than $350 billion.
CONTACT: Travelers Group
Gordon G. Andrew, 212/816-8853 (Media)
Bill Pike, 212/816-8874 (Investors)
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|Date:||Nov 24, 1997|
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