Travelers

Discussion on Q3 earnings calls focused heavily on the supply-demand imbalance in cat capacity, as executives discussed how they would navigate a challenging January renewal.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

The two specialty insurers reported strong Q3 2022 earnings, continuing to outperform the commercial industry in underwriting gains and value creation.

Inside P&C’s news team runs you through the key highlights of the week.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

The firm reported better than anticipated earnings factoring in Ian, but a slowing economy could cloud the outlook.

Executives said that current estimates for Hurricane Ian losses are favorable relative to Travelers' corresponding market share.

The firm booked a Q3 reserve charge at its business insurance unit driven by $212mn asbestos-related losses.

A challenging legal atmosphere and drift in loss cost components add difficulty to the task of tallying ultimate losses.

Cyber threats were the top overall concern for business decision-makers (59%) ahead of broad economic uncertainty (57%) and fluctuations in oil and energy costs (56%).

Claims analysis shows slow reactions to negative trends can affect several quarters, but carriers who emerge strong will be able to pursue growth faster than the competitors who are always playing catchup on loss cost trends.

The executive rejoined Travelers excess casualty unit over two years ago after almost four years at Aon, where he was account executive.