Travelers

Travelers | October 18, 2018

Property and casualty insurance giant The Travelers Companies has today reported third-quarter (Q3) profits of $709 million, more than doubling the firm’s $293 million net income from the same period last year. Travelers attribute its Q3 success partly to a $436 million reduction in catastrophe losses ($264 million in Q3 2018 compared to $700 million in the prior year quarter) and an increase in net investment income of $58 million....

Marine Insurance Company | March 13, 2018

News has broken this morning about a potential legal battle between two major insurance players. Old Mutual, the international savings and insurance banking group which originated in South Africa and which had previously announced plans for a break-up, has issued a statement regarding a legal claim in the US that reportedly involves the Travelers Companies, the US insurance giant, and St. Paul Fire and Marine Insurance Company....

Travelers Casualty Insurance Co | June 27, 2018

An insurance policy unambiguously states legal action in connection with a loss must be filed within two years after the loss occurred, said a federal appeals court, in upholding a lower court’s ruling in a Travelers Corp. unit’s favor in a coverage dispute. Jackson Heights, New York-based Classic Laundry and Linen Corp. had purchased an insurance policy from Travelers Casualty Insurance Co. of America, a unit of Hartford, Connecticut-based Travelers Cos. Inc., that provided coverage...

Insurance Business Magazine | January 16, 2020

Insurance start-up battleface, which provides travel insurance for unconventional travelers worldwide, has announced that it has successfully closed a seed funding round with backing from strategic and venture capital investors. Fintech Ventures Fund has invested in battleface, joining Greenlight Re and Tangiers Group. The investment will be used to expand software development, hire sales and business-development personnel, and expand battleface’s global reach, the company said. “We ...