Travelers
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Some disagreement remains in where rate declines have been swiftest and how much further they could go. -
Normalized growth and peak multiples confirm we are headed towards a Darwinian race.
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Cat losses in Q3 were light as peak hurricane season passes without incident.
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Early Q3 earnings reports point to worsening market conditions.
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The selloff may hint at headwinds for equity investors.
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The firm also expects to increase share repurchases in Q4 to roughly $1.3bn.
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The carrier reported favorable reserve development of $22mn compared to $126mn in Q3 last year.
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The risk also ranked as a top three concern for companies of all sizes.
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Full-stack carriers fail to outclass incumbents with no clear platform differentiation.
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Court documents show Travelers subsidiary Northfield Insurance is the insurer.
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The research team presents the June cat heatmap.
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Pricing slowdown and reserving concerns are the hot-button topics as earnings kick off.
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On the rate environment, Schnitzer said the amplitude of the pricing cycle is shrinking.
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Cat losses declined to $927mn from over $1.5bn a year ago on windstorms and hailstorms.
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Major insurance industry groups and companies have recently pressed lawmakers to include the provision.
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The deal leaves premier surety as Travelers' sole Canadian portfolio.
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During first quarter earnings calls, insurers argued that they can mitigate volatility.
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Insurers haven’t announced concrete steps – yet.
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The executive has been with the firm’s underwriting team for over 12 years.
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A one-time impact would be a mid-single digit increase to physical injury auto severity.
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The business insurance segment booked a CoR of 96.2%, up 2.9 points YoY.
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The decision is the first of its kind under the new Trump administration.
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Its post-tax estimate of $1.3bn is net of reinsurance recoveries.
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The insurer’s strong Q4 results might not read across to the rest of its peer group.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Cat activity was a “modest” $175mn for Q4, but still up year over year.
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The insurer also added $150mn cat coverage while reducing the total ceded premium for this treaty.
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Cat losses rose to $175mn, fueled by Hurricane Milton and higher Helene estimated losses.
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‘Emotionally driven’ claims by non-profits underscore their unique D&O exposures, according to Travelers' Nicole Murphy.
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The company’s stock price has plummeted in the wake of the LA wildfires.
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A quick roundup of our best journalism for the week.
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Newcomers enter on the belief that they have a “better mousetrap”, said Donato Monaco.
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Asbestos claims for exposed insurers could place more pressure on workers’ comp reserves.
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Umbrella and commercial auto led Q3 rate hikes with double-digit increases.
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The firm reported $547mn from Hurricane Helene losses.
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Top concerns also included medical cost inflation and employee benefit costs.
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Civil case, nuclear verdict and claims count data show worrying trends.
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The figure represents a quarterly increase of 102%.
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Travelers now holds around 6.2% of Fidelis, down from over 7.2%.
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The industry could weather a recession, unless loss costs and reserving pressures worsen.
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The report also noted that 35% of injuries occurred during an employee’s first year.
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Travelers and Selective’s releases point to ongoing reserving challenges this earnings season.
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A quick round-up of today’s need-to-know news, including the Microsoft outage and Travelers' results.
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The carrier purchased an additional $150mn of cover.
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The firm strengthened GL reserves by $250mn, for AY 2021-2023.
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The carrier’s underlying combined ratio improved 3.4 points year on year to 87.7%.
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Changes in investment strategy and strong results show carriers can weather financial storms.
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Downward trends of DCC ratios are beginning to reverse, which could cause issues for long-tailed lines.
