Travelers CoR improves despite $326mn Ian loss as book value slide for year hits 29%
Travelers’ Q3 combined ratio improved 0.4 points to 98.2% as the carrier booked $326mn of losses incurred through September 30 related to Hurricane Ian.
Overall, the insurer posted relatively modest Q3 cat losses of $512mn including the Ian hit and the effects of Hurricane Fiona, likely reflecting its underweight market share in Florida.
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