Travelers
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The insurer’s personal lines business booked over $1bn of cat losses with a $979mn impact on the homeowners' segment, up from $473mn in Q2 2022.
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Travelers posts strong results boosted by better pricing, personal lines performance, and favorable development.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The firm expects to raise personal auto rates further after a 4.6-point deterioration in its Q1 core CoR due to increased vehicle replacement, repair costs and higher severity.
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The increased catastrophe losses were driven by severe wind and hailstorms in multiple states.
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Based in Atlanta, Duncan will report to Travelers EVP and president of small commercial and business insurance business centers Eric Nordquist.
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The latest statutory data release shows commercial carriers continued to benefit from the extended pricing cycle and exposure growth propelled by inflation, although growth slowed year-on-year.
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The collapse of Silicon Valley Bank is creating investor fear across the global financial services sector.
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Inside P&C’s news team runs you through the key highlights of the week.
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The firm’s flattening rates and favorable reserve development provide a read-through for commercial insurers.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The company's portion of net written premiums from Fidelis is expected to be around $550mn to $600mn for the full year.
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