As anyone following Travelers in recent years will know, the US insurance giant's management are reluctant to accept the "bellwether" moniker bestowed upon them by many industry commentators
Ryan Specialty Group has agreed to buy human and social service-focused managing general underwriter Irwin Siegel Agency (ISA) to expand in the sector.
Despite optimism among US P&C carriers for a much-needed pricing correction, rate increases this year are likely to be sub-par as excess capital continues to undermine underwriting discipline, according to S&P Global Ratings.
Travelers shares closed the day up 5 percent in New York as the US insurance giant impressed investors with a strong earnings beat and a positive update on pricing.
