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Travelers News
Travelers news from Insurance Insider
Major insurance industry groups and companies have recently pressed lawmakers to include the provision.
The deal leaves premier surety as Travelers' sole Canadian portfolio.
During first quarter earnings calls, insurers argued that they can mitigate volatility.
Insurers haven’t announced concrete steps – yet.
The executive has been with the firm’s underwriting team for over 12 years.
A one-time impact would be a mid-single digit increase to physical injury auto severity.
The business insurance segment booked a CoR of 96.2%, up 2.9 points YoY.
The decision is the first of its kind under the new Trump administration.
Its post-tax estimate of $1.3bn is net of reinsurance recoveries.
The insurer’s strong Q4 results might not read across to the rest of its peer group.
The Insurance Insider US news team runs you through the earnings results for the day.
Cat activity was a “modest” $175mn for Q4, but still up year over year.
The insurer also added $150mn cat coverage while reducing the total ceded premium for this treaty.
Cat losses rose to $175mn, fueled by Hurricane Milton and higher Helene estimated losses.
‘Emotionally driven’ claims by non-profits underscore their unique D&O exposures, according to Travelers' Nicole Murphy.
The company’s stock price has plummeted in the wake of the LA wildfires.
A quick roundup of our best journalism for the week.
Newcomers enter on the belief that they have a “better mousetrap”, said Donato Monaco.
Asbestos claims for exposed insurers could place more pressure on workers’ comp reserves.
Umbrella and commercial auto led Q3 rate hikes with double-digit increases.
The firm reported $547mn from Hurricane Helene losses.
Top concerns also included medical cost inflation and employee benefit costs.
Civil case, nuclear verdict and claims count data show worrying trends.
The figure represents a quarterly increase of 102%.
Travelers now holds around 6.2% of Fidelis, down from over 7.2%.
Competitor news
Competitor news
Competitor news
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Last month, Insurance Insider US revealed that former GTS Americas head Scott Pegram had left the company. -
The broader legislation narrowly passed the Senate and now heads to the House.
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The ruling comes as insurers face growing legal pressures following the January blazes.
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From our other titles
From our other titles
From our other titles
From Insurance Insider US
HSCM among stock sellers in Slide’s $408mn IPO
Slide is putting faith in tort reforms and will lean into Florida, CEO Lucas said.
From Insurance Insider US
Compre appoints HSCM’s Bardon to newly created CUO role
Rachel Bardon will also join the board of Compre's Bermuda-based reinsurer Pallas Re.
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Swiss Re Corporate Solutions
From Insurance Insider
Climate change remains a ‘pervasive threat’ to economy: Swiss Re CorSo North America CEO McGrath
Parametric insurance and multi-year, multi-line structured solutions are two tools that can help insureds manage natural catastrophes, said Katie McGrath, regional CEO of North America for Swiss Re Corporate Solutions.
From Insurance Insider ILS
State Farm, Citizens and Twia mull mega-bond deals equal to ~$3bn
The mega cat bond season in Q2 last year recorded issuance of $8.2bn.
From Insurance Insider ILS
Casualty ILS market can double annually in next two years: MultiStrat CEO
Industry sources estimate the market to be around $3bn.
From Insurance Insider
Arcas promotes Deane to MD, head of US
The firm also promoted Devin Inskeep to an expanded role as SVP, head of ratings and advisory.
Insurance Insider provides robust insights, sharp analysis and exclusive news on the global insurance-linked securities market.
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