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Travelers News
Travelers news from Insurance Insider
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%.
The industry could weather a recession, unless loss costs and reserving pressures worsen.
Competitor news
Competitor news
Competitor news
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The company seeks the full 30% homeowners’ rate request it made last June. -
The executive has been with the firm since 2011.
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Unpacking how much excess capital there really is and dissecting the source of its returns.
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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.
From Insurance Insider
Reinsurance market 'responsive' for 1.1 with ample capacity: GC
A more consistent trading rhythm returned to the property market, with capacity deployment outside of frequency-exposed layers and more heavily loss-impacted segments bouncing back.
Insurance Insider provides robust insights, sharp analysis and exclusive news on the global insurance-linked securities market.
Insurance Insider ILS provides robust insights, sharp analysis and exclusive news on the global insurance-linked securities market.