Travelers sees rate increases across the board
Travelers has provided further evidence of a robust hardening of rates in the US primary insurance market after announcing rate increases across all its business segments in its second quarter results.
The primary insurance bellwether reported net income of $499mn for the quarter, up from a loss of $364mn in the same period in 2011 when record tornado losses dented results.
Travelers' bullish comments on rating come a fortnight after a Barclays Capital survey found that US casualty insurance pricing...
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