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Travelers

Cat losses push Travelers to underwriting loss in Q3

19th October 2017

Travelers has reported an underwriting loss of $246 million for the third-quarter of 2017, driven by a huge increase in catastrophe losses to $700 million, compared with just $89 million in the same period last year. The $700 million of Q3 catastrophe losses relates primarily to hurricanes Harvey, Irma, and Maria, ... Read the full article

Travelers elects Alan Schnitzer as new Board of Directors Chairman

2nd August 2017

Alan Schnitzer has been unanimously elected as the Travelers Companies Board of Directors' next Chairman, set to succeed John Dasburg, who is returning to a role as independent Lead Director. Dasburg, commented; “During this time of unprecedented change for the insurance industry, the Board believes that the company and its shareholders are ... Read the full article

Higher catastrophe losses dent Travelers’ Q2 performance

21st July 2017

High levels of both catastrophe and non-catastrophe weather losses saw insurer Travelers record lower net income in the second-quarter of 2017 when compared with the previous year, while the insurer's combined ratio weakened to 96.7%. The firm has reported pre-tax catastrophe losses, net of reinsurance, of $433 million for the second-quarter ... Read the full article

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