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Press Release Aug Travelers-Wharton Partnership

Press Release Aug Travelers-Wharton Partnership

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Published by sop81_1
Travelers proudly purchases the Insurance folks at U Penn.
Travelers proudly purchases the Insurance folks at U Penn.

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Published by: sop81_1 on Sep 03, 2010
Copyright:Attribution Non-commercial


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Communications Office
The Wharton SchoolUniversity of Pennsylvania320 Steinberg Hall-Dietrich Hall3620 Locust WalkPhiladelphia, PA 19104-6302215.898.4159 phone215.898.1883 fax<www.wharton.upenn.edu>
For immediate release
Contact: Peter Winicov215.746.6471winicov@wharton.upenn.edu
Wharton School Announces $1.25 Million Gift from The Travelers Companies, Inc.to Establish the Travelers/Wharton Partnership for Risk Management andLeadership Fund
Philadelphia, PA, August 17, 2010—The Wharton School of the University of Pennsylvaniais pleased to announce a $1.25 million gift from The Travelers Companies, Inc., toestablish the Travelers/Wharton Partnership for Risk Management and Leadership Fund.The Partnership will provide for risk management leadership and policy research; riskanalysis research; and knowledge dissemination and outreach.Working with Wharton’s Risk Management and Decision Processes Center and Center forLeadership and Change Management, the Travelers/Wharton Partnership will support along-term, cross-disciplinary project exploring effective practices in organizationalleadership and governance for the prevention of and responses to extreme risk. ThePartnership will also provide support for new multi-year projects at the Risk Center thatexplore basic research problems in risk assessment and risk perception, decision makingunder uncertainty, catastrophe risk financing, and new approaches to risk management. Inaddition, the Travelers/Wharton Partnership will facilitate this research by supporting apost-doctoral fellow.“We are deeply grateful for this gift and delighted to partner with Travelers,” statedWharton School Dean Thomas Robertson. “The proposed research programs reflect theWharton School’s commitment to robust engagement with industry, and the generationand dissemination of leading-edge knowledge with real-world applications.”“Travelers is proud to partner with the Wharton School on these important initiatives and tocontribute to the field of catastrophic risk management through supporting the WhartonRisk Center’s innovative research,” noted Jay Fishman, Travelers Chairman and ChiefExecutive Officer.The Wharton School of the University of Pennsylvania —founded in 1881 as the firstcollegiate business school —is recognized globally for intellectual leadership and ongoinginnovation across every major discipline of business education. The most comprehensivesource of business knowledge in the world, Wharton bridges research and practicethrough its broad engagement with the global business community. The School has morethan 4,900 undergraduate, MBA, executive MBA and doctoral students; more than 9,000

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