Alan Schnitzer News
The Bottom Line: The Early Read on 2021 P/C Earnings
For publicly traded commercial insurers and reinsurers that reported 2021 earnings in January 2022, net income soared nearly 40 percent, with double-digit premium growth and higher levels of ...
Travelers Leaning Into AI, Tech as Earnings Rise
Reviewing the 2021 highlights of both a final quarter and a year that saw Travelers deliver double-digit returns-on-equity, the company's chief executive focused on technology investments aimed at ...
AIG, Marsh, Travelers CEOs Among Corporate Leaders Urging Quick Biden Election Certification
Several leaders of the insurance industry joined nearly 200 New York corporate executives in a letter urging members of Congress to certify the election of Joe Biden as President without delay this ...
Travelers CEO: Retroactive Attempts to Force Virus BI Cover Appear Less Likely
Earlier in the coronavirus pandemic, insurers became increasingly troubled about legal and legislative efforts to make them retroactively include viruses in their business interruption coverage. ...
Plaintiffs’ Lawyers Should Not Read Coverage Into COVID IBNR: Berkley
Like other commercial insurers reporting first-quarter earnings, W.R. Berkley Corporation included a provision for COVID-19 related losses. But that doesn't mean the specialty insurer or the industry ...
Travelers CEO Sounds Alarm: Lawyers Could Slow COVID Recovery
During an earnings conference call yesterday, the leader of Travelers insurance alerted listeners to the possibility that frivolous lawsuits by plaintiffs lawyers could slow down the economic ...
Travelers’ Cat Losses Plunge, Combined Ratio Improves for Q4
The Travelers Companies, Inc. enjoyed a large drop in catastrophe losses, improved combined ratio and rise in net income during a 2019 fourth quarter generally filled with improvements. Pre-tax ...
Travelers CEO Schnitzer: ‘Lots of Levers’ Can Be Pulled to Keep Improving Margins
The Travelers Companies CEO Alan Schnitzer reassured analysts that the insurer "has lots of levers" it can pull to keep improving margins and profitability, even though its combined ratio ticked ...