The Travelers Companies’ decision to acquire Dominion of Canada General Insurance, a unit of E-L Financial Corp., for $1.1 billion makes strategic sense, according to analysts. The acquisition now allows Travelers to quickly build up economies of scale for its …
The Travelers Companies Inc. on Tuesday reported $896 million net income for its 2013 first quarter, an increase of 11 percent compared to $806 million income reported during the first quarter of 2012. Travelers said the improvement in both net …
The Virginia Supreme Court ruled last week that home damages that were allegedly caused by Chinese drywall are excluded from TravCo Insurance Co.’s “all risk” homeowners insurance policy. TravCo Insurance is part of The Travelers Companies. The Virginia Supreme Court’s …
The Travelers Companies, which reported its second-quarter results yesterday, said renewal rates are continuing to trend up across its business segments. Company executives emphasized, however, that rate hikes are a granular process and are dependent on characteristics of each account. …
The Travelers Companies CEO Jay Fishman said at a financial conference yesterday that his company raised rates for business insurance customers by 5.2 percent in October, followed by 5.8 percent in November, according to a news report. The Wall Street …
