Travelers: US P&C rises still gaining momentum
Travelers has dismissed suggestions of slowing rate improvements in the US P&C market by insisting that its own positive price changes continued to gather momentum quarter-on-quarter.
The US P&C powerhouse revealed its latest rate movements data as it reported strong Q3 profits that were comfortably in excess of the analysts' consensus.
Travelers said that the renewal premium change on its business insurance segment, excluding national accounts, was +9.3 percent. This compares to +8.4 percent in the second quarter and +8.1...
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