Travelers
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Full-stack carriers fail to outclass incumbents with no clear platform differentiation. -
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.
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Major insurance industry groups and companies have recently pressed lawmakers to include the provision.
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The deal leaves premier surety as Travelers' sole Canadian portfolio.
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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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