US insurance group Travelers increased net profit in the first quarter by 39% year on year to just over $1 billion, as a massive reduction in catastrophe losses overcame lower prior year reserve developments and weaker investment income.
The rest of this article is locked. Please login to continue reading.
If you don't have a login, you will need to purchase a subscription to gain access to this article, and all the other content. Please use this link and follow the steps.
To take out a free two week trial, use the same link but select the 'trial' option in the dropdown box.
For multi-user price options, or to check if your company has an existing subscription we can add you into, please email Elliot at email@example.com
Travelers, Profits, Underwriting, Claims, Premiums, Alan Schnitzer, North America, Insurance, Reinsurance