Thomas Schaefer Receives Lifetime Achievement Award From Travelers
Thomas Schaefer of Cincinnati, recently received an inaugural Lifetime Achievement Award for Independent Agents for significant contributions made to the insurance industry and the community. A donation of $10,000 will be made by Travelers to Schaefer’s desired charity, Boys Hope Girls Hope of Cincinnati. The ceremony took place at Travelers’ annual leadership conference for its independent agents and brokers, who sell commercial insurance products around the country.
Travelers selected a Lifetime Achievement Award based on candidates’ demonstrated industry leadership, ability to uphold the trusted position of the independent agent and advance the profession. In addition to being a strong industry leader, candidates had to posses a strong philanthropic track record and have inspired others, through personal example, to meet the needs of the community, whether it be through fundraising or volunteering.
“Thomas Schaefer is a true role model,” said Jay Fishman, chairman and chief executive officer of Travelers. “He has distinguished himself as a leader in the industry, while maintaining upstanding values and keeping in-synch with the needs of his community. Travelers is proud to partner with an agent of such high caliber.”
Schaefer is the managing director of Wells Fargo Insurance Services of Ohio’s Cincinnati office (formerly Acordia). He began his insurance career in 1968. He is a trustee of the Cincinnati Insurance Board, a local trade association dedicated to promoting integrity and ethical practices within the industry, while providing professional development for its members. Schaefer is also an advocate for Cincinnati’s underprivileged, particularly its children. He has been involved with Insuring the Children, an organization committed to abused and neglected children, since its inception, and is currently a trustee and honorary director. Insuring the Children is the beneficiary of Wells Fargo Insurance Services of Ohio’s annual fundraiser. Schaefer is also involved with Boys Hope Girls Hope of Cincinnati; an organization that helps academically gifted children who are in need meet their full potential by providing value-centered, family homes to improve their educational opportunities.
“It is important that Travelers recognized Tom for his significant career and community achievements,” said Kate Preston, executive vice president of Enterprise Development for Travelers. “We are pleased to be a partner with such a driven individual who possesses the entrepreneurial spirit and values shared by our company.”
Wells Fargo Insurance Services is the fifth-largest insurance brokerage and the largest bank-owned insurance brokerage in the United States, with more than 150 offices in 38 states. Its 4,500 insurance professionals place more than $8.5 billion of risk premiums with expertise in property, casualty, benefits, international, personal lines and life products.
Wells Fargo & Company is a diversified financial services company with $486 billion in assets, providing banking, insurance, investments, mortgage and consumer finance through more than 6,000 stores and the internet (wellsfargo.com) across North America and internationally. Wells Fargo Bank, N.A. is the only bank in the U.S., and one of only two banks worldwide, to have the highest credit rating from both Moody’s Investors Service, “Aaa,” and Standard & Poor’s Ratings Services, “AAA.”