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Insurtech funding in Q1 2017 sees 64% drop from Q1 2016 to US$283 million: Willis Towers Watson Securities

May 2, 2017 by Canadian Underwriter

Insurtech funding in the first quarter of this year saw funding volume of US$283 million, a 64% drop from the first quarter of 2016’s total of US$783 million, likely the result of “start-ups moving from fundraising to product launch stage,”

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Travelers reports combined ratio of 96% for Q1, net income of US$617 million

April 20, 2017 by Canadian Underwriter

The Travelers Companies, Inc. has reported a combined ratio of 96% for the first quarter of 2017, up 3.7 points from 92.3% in the first quarter of last year. Net income for the first quarter of 2017 ending March 31

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Travelers’ net income up 9% in Q4 2016 to US$943 million

January 24, 2017 by Canadian Underwriter

The Travelers Companies, Inc. has reported a net income of US$943 million for the fourth quarter of last year ending Dec. 31, 2016, up 9% from US$866 million in the prior-year quarter. Travelers released its financial results on Tuesday, noting

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52% of American transportation firms surveyed worry about distracted driving: Travelers

September 26, 2016 by Canadian Underwriter

More than 90% of American consumers surveyed by The Travelers Companies Inc. reported they were “at least somewhat” concerned by distracted driving, while more than half of business respondents reported the same concern, Travelers said in a report announced Monday.

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Q2 catastrophe losses up 50.6% for Travelers after hail, wildfires

July 21, 2016 by Canadian Underwriter

The Travelers Companies Inc. reported Thursday its combined ratio deteriorated 2.3 points, it renewed July 1 a property catastrophe reinsurance contract for Canada covering losses between $200 and $600 million (plus 50% of losses over $100 million), and that it

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Wind, hail storms in Texas contribute to $318m in Q1 catastrophe losses for Travelers

April 26, 2016 by Canadian Underwriter

The Travelers Companies Inc. reported catastrophe losses of $318 million during the three months ending March 31, up 96% from $162 million during the same period in 2015, while Q1 earned premiums in personal insurance rose 6.2% year-over year. All