Travelers
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The potential for an inflection point on pricing in the near future was a key Q3 conference call theme. -
The new project loss program brings additional capacity for contractors to the US market.
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Rate in excess of trend needs to be viewed along with low yields and adverse long-term trends on cat losses.
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Wider insurance stocks traded up in line with the wider S&P 500 index by close of markets Tuesday.
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The carrier benefits from a reduction in claims frequency in auto and general liability.
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CEO Alan Schnitzer acknowledges coming reinsurance rate hikes.
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Mini-MDLs will be established for some lawsuits brought against Arch, United Specialty and Society Insurance.
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The 10E restaurant and bar says it sustained a direct loss from local and state coronavirus shutdown orders.
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The tenders, which are subject to reduced SEC disclosure requirements, are a hallmark of the Canadian investor.
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Axis Capital and Argo Group shares jumped nearly 5%, while shares in Arch, Travelers and Alleghany were all up more than 3%.
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In many ways, Travelers’ Q2 report should have been a “nothing” day.
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Rates at Travelers increased by “double digits”, excluding workers comp.
