Travelers
-
Cat losses in Q3 were light as peak hurricane season passes without incident. -
Early Q3 earnings reports point to worsening market conditions.
-
The selloff may hint at headwinds for equity investors.
-
The firm also expects to increase share repurchases in Q4 to roughly $1.3bn.
-
The carrier reported favorable reserve development of $22mn compared to $126mn in Q3 last year.
-
The risk also ranked as a top three concern for companies of all sizes.
-
Full-stack carriers fail to outclass incumbents with no clear platform differentiation.
-
Court documents show Travelers subsidiary Northfield Insurance is the insurer.
-
The research team presents the June cat heatmap.
-
Pricing slowdown and reserving concerns are the hot-button topics as earnings kick off.
-
On the rate environment, Schnitzer said the amplitude of the pricing cycle is shrinking.
-
Cat losses declined to $927mn from over $1.5bn a year ago on windstorms and hailstorms.
-
Major insurance industry groups and companies have recently pressed lawmakers to include the provision.
-
The deal leaves premier surety as Travelers' sole Canadian portfolio.
-
During first quarter earnings calls, insurers argued that they can mitigate volatility.
-
Insurers haven’t announced concrete steps – yet.
-
The executive has been with the firm’s underwriting team for over 12 years.
-
A one-time impact would be a mid-single digit increase to physical injury auto severity.
-
The business insurance segment booked a CoR of 96.2%, up 2.9 points YoY.
-
The decision is the first of its kind under the new Trump administration.
-
Its post-tax estimate of $1.3bn is net of reinsurance recoveries.
-
The insurer’s strong Q4 results might not read across to the rest of its peer group.
-
The Insurance Insider US news team runs you through the earnings results for the day.
-
Cat activity was a “modest” $175mn for Q4, but still up year over year.
