Travelers
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The deal leaves premier surety as Travelers' sole Canadian portfolio. -
During first quarter earnings calls, insurers argued that they can mitigate volatility.
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Insurers haven’t announced concrete steps – yet.
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The executive has been with the firm’s underwriting team for over 12 years.
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A one-time impact would be a mid-single digit increase to physical injury auto severity.
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The business insurance segment booked a CoR of 96.2%, up 2.9 points YoY.
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The decision is the first of its kind under the new Trump administration.
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Its post-tax estimate of $1.3bn is net of reinsurance recoveries.
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The insurer’s strong Q4 results might not read across to the rest of its peer group.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Cat activity was a “modest” $175mn for Q4, but still up year over year.
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The insurer also added $150mn cat coverage while reducing the total ceded premium for this treaty.
