Travelers Q3 CoR falls 6pts to 87.3% on lower cats as reserve releases fall
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Travelers Q3 CoR falls 6pts to 87.3% on lower cats as reserve releases fall

The carrier reported favorable reserve development of $22mn compared to $126mn in Q3 last year.

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Travelers’ Q3 combined ratio (CoR) declined six points to 87.3% as lower catastrophe losses outweighed lower reserve releases.

In the first set of Q3 results for US commercial insurers, Travelers net cat losses plunged to just over $400mn from nearly...

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