Travelers
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Insurers are increasing reserves due to a new laws expanding child victim compensation.
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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.
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Travelers has estimated that it experienced unfavourable prior-year development of $50mn to $100mn before tax following the enactment of a New York law.
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ASQ will underwrite transactional risk policies with an initial gross capacity of $50mn per transaction.
