Travelers CoR deteriorates 4.1 points to 95.4% on $535mn cat loss
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Travelers CoR deteriorates 4.1 points to 95.4% on $535mn cat loss


Travelers’ Q1 combined ratio deteriorated 4.1 points to 95.4% year-over-year as the carrier recorded $535mn in pre-tax catastrophe losses for the quarter.

The increased catastrophe losses were driven by severe wind and hailstorms in multiple states.

The firm’s underwriting results benefited from modest favorable reserve development across segments driven by better-than-expected loss experience in the workers’ comp, fidelity, surety, general liability and...

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