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Showing results for Travelers Casualty and Surety Company OD America
...The US property and casualty insurance industry has suffered through a summer of devastating thunderstorms on the continent....
...Or do you just think that some of these will essentially be casualties of a necessary shift? Yeah, this is a great question, and hear me loud and clear....
...Travelers, the $34bn US insurer, warned of an “increasingly challenging tort environment” as its profits fell sharply....
...The Dow Jones Industrial Average ended the day flat at 21,808, thanks in part to a 2.5 per cent decline for property and casualty insurer Travelers — one of several insurers that took a leg lower as investors...
...Mr Greenberg created the Chubb of today when in 2015 he struck the biggest deal in property and casualty insurance history. He was CEO of Ace, the Zurich-based insurer he joined in 2001....
...Both companies provide property and casualty cover in the state, writes Alistair Gray in New York....
...Major companies need to rethink their global ambitions and consider actions perhaps not previously considered.”...
...Hartford Financial, a smaller rival, jumped more than 6 per cent to a fresh seven-year high of $44.19 and Travelers Companies rose 2.73 per cent to $99.30....
...He stepped down as chairman in 2006 and Citi later became one of the biggest casualties of the financial crisis, requiring a $45bn bailout....
...In property casualty insurance, periods of rising and falling premium rates, and therefore ups and downs in earnings and stock prices, come and go. In recent years, rates have been increasing....
...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....
...At $35, AIG’s shares still trade at about half the company’s book value while more profitable rivals in the insurance industry, such as Chubb, Travelers and ACE Limited, trade in line with or above book...
...Analysts say the biggest hits will be taken by primary US insurers including Allstate, State Farm and Travelers. Yet even among these companies investors have been mostly cool-headed....
...and Mr Weill’s old company Citigroup....
...Travelers now joins JPMorgan Chase, American Express and Bank of America among financial companies in the Dow....
...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...
...Merrill Lynch, once a proud independent company whose bull logo adorned the main streets of middle America, was forced to sell itself to Bank of America....
...Liberty Mutual, the auto and home insurer, on Wednesday agreed to buy Safeco for $6.2bn in a deal that creates the fifth largest-US property and casualty insurer and could herald further consolidation in...
...In a note to clients, Bank of America analyst Alain Karaoglan said the deal “confirms our thesis that many areas of the [property and casualty] sector remain undervalued and attractive, as fundamentals and...
...During his career has covered oil and gas companies based in South America, Africa and Europe. Robert L....
...But it will not be big enough to reverse the cyclical downturn in overall property and casualty pricing, analysts said....
...Chubb, the property and casualty insurer, rose 1.1 per cent to $76.63, while shares in the St Paul Travelers Companies, another property and casualty group, rose 1.4 per cent to $37.33....
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