Hints and tips:
...By contrast, well-established and large US insurers such as Travelers and Chubb traded at between one and two times sales....
...Allstate, Travelers and Progressive were all down less than 1 per cent....
...Over the past two years shares of large property casualty insurers, up by 40 to 60 per cent, beat the S&P 500....
...Large property casualty insurers, such as Travelers, Chubb, Ace and American International Group, posted strong first-quarter results, beating analysts’ expectations....
...The primary insurers are more exposed, so the likes of State Farm, Allstate and Travelers, which have big market shares in the affected areas, will be the ones to watch....
...Since markets reopened, shares in top US property and casualty insurers have lost only 0.2 per cent more than the benchmark S&P 500 index....
...Citigroup later became one of the biggest casualties of the financial crisis, requiring a $45bn bailout....
...Spinning off the Travelers property and casualty business was not the move of a sentimentalist....
...Citigroup was formed in 1998 from the merger of Travelers Group and Citicorp. In 2002, Citigroup gave up control of Travelers Property Casualty through a share listing and subsequent spin-off....
...By December 2001, Mr Weill even turned his back on a big part of his legacy, moving to spin off Citigroup’s Travelers property and casualty insurance arm – which had given Mr Weill his corporate name and...
...Citi named the entity containing the businesses it wants to keep “Citicorp” – just like the commercial bank that merged with Mr Weill’s Travelers insurance and investment banking operation in 1998 to form...
...Paul merged with Travelers in a $16bn deal in 2003....
...Prior to joining Goldman, he worked as a casualty facultative underwriter for Munich American Reinsurance....
...Another poster at Perfect.co.uk said: ”No one has yet condemned the killing of an innocent man....
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