Travelers Martin Hudson has stepped down from his role as chief executive, it was revealed today.

The insurer confirmed that President of International, Kevin Smith will take over from Hudson on an interim basis.

Hudson has worked in the industry for more than 20 years, starting work in Lloyd’s syndicate in 1977.

In 2008, he oversaw the rebrand of St Paul to Travelers following the merger of the US giants in 2004.

“After nearly 30 years with Travelers, we’d like to thank Martin for his loyal service to the company, and we wish him the best in the future,” said Alan Schnitzer, Vice Chairman of Travelers, who oversees the company's Financial, Professional & International Insurance business.

“Martin’s knowledge and experience in the European property/casualty insurance sector has been an asset to the company.

"I am delighted that Kevin is taking an expanded role within the International team, applying his leadership skills and extensive experience more broadly to this important franchise,” he added.

Since joining Travelers in 1983, Mr Smith has served in several increasingly responsible key management roles for Travelers. Most recently, he served as President-Specialised Distribution Group, leading the company's Northland and National Programs businesses.

Mr Smith assumed his current role at Travelers in May 2009. He is responsible for all of the company’s International businesses, including operations in the UK and at Lloyd’s, and in Ireland, Canada and emerging markets.