Claims and losses

Speaking on an analyst call CFO Christoph Jurecka said that the reinsurer had been revising its US casualty books since 2017.

Nine-month revenues were up 11 percent year on year, driven by growth in P&C insurance.

Analyst Philip Kett said carriers had become less conservative about booking incurred claims.

Citi and RBC see ample room in the full-year cat budget for Hagibis claims.

Losses from natural catastrophes and Thomas Cook push the carrier into an underwriting loss within the P&C reinsurance unit.

A benign period for cats, sustained by improved investment income and a doubling of non-insurance revenue, helped the company boost operating earnings

As claims from Dorian and Faxai dent Q3 results, this publication assesses the impact on the market so far.

Travelers chairman and CEO Alan Schnitzer is a vocal critic of a US litigation culture he claims imposes a “tax across society”. A worsening tort environment was the driving factor in the carrier’s own quarterly earnings shortfall, and has also emerged as key theme of the third quarter reporting period.

Other Californian blazes include the recently ignited Ranch Fire in the north of the state.

President Trump blames the Californian governor for the destruction and threatens to cut federal funding.

Brit cut premiums by 2.5 percent compared to the prior-year quarter.

The data company will provide information on losses of $190mn or more from earthquake, flood and extratropical cyclones in the country.