Travelers triggers fears of slowing US P&C rate momentum
With the mid-year reinsurance renewals disappointing
underwriters and investors alike, attention is now focused on
primary insurers for signs that the much heralded turn in US
commercial pricing is made of stronger stuff.
And there was mixed news for those championing a market turn after
Travelers became the first of the US P&C giants to report last
week.
While there was also scrutiny of the company's
higher-than-forecast domestic catastrophe losses - another
sector-wide theme for US insurers - Travelers' assessment...
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