Travelers
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Cat losses in Q3 were light as peak hurricane season passes without incident. -
Early Q3 earnings reports point to worsening market conditions.
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The selloff may hint at headwinds for equity investors.
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The firm also expects to increase share repurchases in Q4 to roughly $1.3bn.
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The carrier reported favorable reserve development of $22mn compared to $126mn in Q3 last year.
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The risk also ranked as a top three concern for companies of all sizes.
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Full-stack carriers fail to outclass incumbents with no clear platform differentiation.
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Court documents show Travelers subsidiary Northfield Insurance is the insurer.
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The research team presents the June cat heatmap.
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Pricing slowdown and reserving concerns are the hot-button topics as earnings kick off.
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On the rate environment, Schnitzer said the amplitude of the pricing cycle is shrinking.
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Cat losses declined to $927mn from over $1.5bn a year ago on windstorms and hailstorms.
