Description Discover Re is turning insurance into ART. The company, a subsidiary of The Travelers Companies, specializes in underwriting alternative risk transfer (ART) of commercial property/casualty insurance. ART is a way to manage risk without a traditional insurance policy; instead, policyholders agree to share risks (or pay part of the losses) in exchange for stable and potentially lower premiums. Discover Re provides its insurance and reinsurance products, including commercial property/casualty, umbrella liability, and workers' compensation coverage, through retail brokerages, as well as to self-insured individuals.