Travelers' strong underlying gains outweighed by sharp rise in cats in Q1
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Travelers' strong underlying gains outweighed by sharp rise in cats in Q1

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Travelers’ underwriting income fell by 25% to $166mn in the first quarter, as a big rise in catastrophe losses offset strong underlying gains and a jump in reserve releases.

The Hartford-based underwriter’s reported combined ratio rose by 1.1 pts to 96.6%, but was down on an underlying basis by 1.8

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