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Showing results for Travelers Commerical Casualty Company
...Are hailstones getting bigger, one equity analyst recently asked an executive at Travelers....
...By contrast, well-established and large US insurers such as Travelers and Chubb traded at between one and two times sales....
...Travelers, the $34bn US insurer, warned of an “increasingly challenging tort environment” as its profits fell sharply....
...Shares of Travelers, one of the largest US property and casualty insurance companies, weighed on the broader Dow Jones Industrial Average with a drop of 3 per cent at the start of trading on Monday, after...
...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...
...In one case, Travelers Indemnity, an insurance company, asked a federal court in 2014 to rule that a general liability policy it sold to PF Chang did not cover a breach of customer data at the US Chinese...
...In an industry with a mixed record of M&A success — Citicorp’s 1998 combination with Travelers was one of many ill-fated insurance deals — Mr Greenberg left nothing to chance....
...Travelers, one of the biggest property and casualty insurers in the US, in March paid £400m for Simply Business, a UK-based small business insurer that had been sold for £120m just a year earlier....
...Both companies provide property and casualty cover in the state, writes Alistair Gray in New York....
...Citi spun off Travelers four years later after the historic union failed to live up to expectations....
...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....
...As a result, Chinese travelers, especially leisure travelers, are significantly underserved and TSPs’ ability to improve yield management is considerably hindered....
...He stepped down as chairman in 2006 and Citi later became one of the biggest casualties of the financial crisis, requiring a $45bn bailout....
...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....
...Last month’s purchase by Travelers of Canadian insurer Dominion at 1.5 times tangible net asset value also demonstrated the worth of having a foothold in Canada’s property and casualty insurance sector,...
...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....
...Spinning off the Travelers property and casualty business was not the move of a sentimentalist....
...Citigroup later became one of the biggest casualties of the financial crisis, requiring a $45bn bailout....
...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....
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