Travelers Q1 $535mn cat loss above five-year average by $160mn: CFO Frey
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Travelers Q1 $535mn cat loss above five-year average by $160mn: CFO Frey

Jairo Ibarra
April 19, 2023
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Travelers CFO Dan Frey disclosed that pre-tax catastrophe losses of $535mn during Q1 were about $160mn above the average first quarter cats for the past five years.

On a call with analysts, CEO Alan Schnitzer said: “Catastrophe losses were elevated as the industry experienced the highest number of Q1 PCS catastrophe events since PCS started tracking in the 1950s.”

Earlier

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Jairo Ibarra
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