Travelers
-
The tort-challenged carrier's shares fall sharply despite favourable reserve development. -
The move by the insurer accompanies a decline in marine capacity at the marketplace.
-
Travelers will use AI to extract risk information from documents submitted by brokers
-
Rate rises continue to accelerate, with business insurance rate growth up from 3.6% to 4.3%.
-
Other members of the research cluster include Google and AI firm Affectiva.
-
The current litigation environment is worse than Travelers expected, the executive said at a conference.
-
Rowland and Yin will take joint responsibility for the carrier’s investment strategy, replacing William Heyman.
-
Commercial auto pain continues, but loss trends also spreading to GL
-
Insurers are increasing reserves due to a new laws expanding child victim compensation.
-
It’s clear that pricing is improving. But how widespread is the pain that’s driving it? (It’s not just AIG & Lloyd’s).
-
Travelers’ earnings are highly watched by competitors and investors alike as an early data-point and a reasonable proxy for the broader P&C market.
-
Travelers has estimated that it experienced unfavourable prior-year development of $50mn to $100mn before tax following the enactment of a New York law.
Related
-
Travelers pegs pre-tax LA fire loss at $1.7bn
February 11, 2025 -
Travelers Q4: The odd one out in commercial lines
January 24, 2025 -
Q4 earnings roundup January 22: RLI, Travelers
January 22, 2025