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Travelers posts US$943 million net income in Q4, 2016

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The Travelers Companies, Inc. has released its financial figures for the fourth quarter and 2016. The company says net income was at US$943 MILLION during the closing three-month period ending Dec. 31, 2016. This represented a 9% increase over the US$866 million during the previous

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Category: Travelers Canada News

Travelers Institute Symposium coming to Canada in 2017

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Travelers Institute says it will bring its symposium series to locations outside the United States, with lectures coming to Canada sometime during 2017. “There are many distractions for small business owners, and it is important for them to stay focused on the things they can control,” noted

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Category: Travelers Canada News

Companies must modernize to attract professionals

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Another call for the insurance industry to change to survive a changing customer dynamic has been offered by company executives. Providers are being advised to change with the times to reflect a changing customer base and attract more young professionals interested in becoming part of the insurance

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Category: Travelers Canada News

Heather Masterson becomes new Travelers Canada CEO

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Heather Masterson has been announced as the new CEO of Travelers Canada, effective immediately. The company made the announcement on Thursday, with Masterson succeeding Duane Sanders, who has moved to the Travelers division in the United States. Masterson has been with the company since September

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Category: Travelers Canada News

Travelers Slips in Q3 on Non-Cat Weather

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New York City-based The Travelers Companies Inc. reported its third quarter recently. The results show that the company’s combined ratio fell by six points through the period, while net premiums written were up by 3 percent compared to 2015. The company, which has a large presence in Canada,

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Category: Travelers Canada News

Travelers CEO discusses engaging with Millennials and the broker channel

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Duane Sanders, president and chief executive officer of Travelers Canada, warned insurance providers need to engage with Millennials more. Speaking at the Insurance Brokers Association of Ontario annual convention, he said customers in their 20s and 30s are “not that informed” about what

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Category: Travelers Canada News

Consumers Worried by Distracted Driving

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A recent study conducted by The Travelers Companies Inc. suggests the consumers are concerned by distracted driving. However, many could just be playing to lawmakers as distracted driving rates and related deaths continue to rise. More than 90% of American consumers asked said they were “at

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Category: Travelers Canada News

Former CEO Jay Fishman Passes

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The Canadian insurance industry has suffered a significant loss with the passing of Jay Fishman last weekend. A long-time chief executive officer of Travelers, Fishman has been fighting ALS, which was the reason he had to depart the company last year. Travelers has a significant presence in

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Category: Travelers Canada News

Travelers financials fall on back of catastrophic losses

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Travelers announced that Canadian catastrophic losses drove the company’s combined ratio to drop by 2.3 points over the last quarter. The US-based insurer also says its renewed property catastrophe reinsurance contracts in Canada on July 1. These contracts covered losses of between $200 and $600

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Category: Travelers Canada News

Travelers Offering Home Insurance Discounts for Smart Devices Installed in Property

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The Travelers Companies announced that it can give consumers home insurance deductions and discounts if they use qualifying smart home devices. Homeowners who use smart security systems and smoke detectors will qualify for Protective Device discounts from the Ontario based insurance provider. The

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Category: Travelers Canada News

Travelers Companies Q4 earnings and results

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The Travelers Companies, Inc. has announced its fourth quarter and full year earnings, showing that there were record 2015 full-year net written premiums (NWPs) of US$24.121 billion. The second largest writer of U.S. commercial property casualty insurance said the NWPs represented a 1% difference

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Category: Travelers Canada News

Travelers Companies announces third quarter profit

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Travelers Companies, the parent company of Travelers Canada revealed its third quarter financials over the last week and the results were encouraging. Profit improved by 1 per cent and sales also saw growth through the three month period, with underwriting performing well enough to offset a decrease

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Category: Travelers Canada News

Travelers Insurance interested in usage-based insurance

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Telematics based auto insurance where premiums are calculated by how much a vehicle is used could be the future of the industry. Travelers Canada has said that says it is “very interested” in pursuing this kind of auto insurance model. The company was taking part in the CEO Panel at the

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Category: Travelers Canada News

Retrospect: was Travelers right to pass on Chubb?

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With the collapse of the RSA buyout by Switzerland’s Zurich Group, the title of biggest insurance industry event of the year goes to ACE Limited’s purchase of the Chubb Group. The Swiss company and parent company of the ACE Group agreed to buy U.S. based Chubb in a $28 billion deal that is

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Category: Travelers Canada News

Alan Schnitzer to lead Travelers into new era

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Alan D. Schnitzer is preparing to become the new chief executive officer of the Travelers Companies Inc. on December 1st, replacing outgoing CEO Jay S. Fishman. According to several equity analysts it seems that Schnitzer is inheriting a company in solid health, but one that still has room to grow

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Category: Travelers Canada News

Travelers Insurance highlights basic auto insurance benefits

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Travelers Insurance offers one of the most robust auto insurance coverage policy range in Canada and the company is highlighting its various policy benefits. One of Canada’s oldest insurance providers, Travelers says it has policies to suit all types of driver, but which of these various auto

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Category: Travelers Canada News

Travelers Canada offering auto insurance through Chieftain brand

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Travelers Canada is offering auto insurance through its Chieftain Insurance subsidiary, itself a subsidiary of the Dominion Group, which itself was purchased by Travelers in 2013. Through the Chieftain Insurance portal on Travelers’ website the company is highlighting its auto insurance policy

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Category: Travelers Canada News

Travelers Canada completes CEO switch

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Travelers Canada recently announced a boardroom reshuffle in the wake of the departure of outgoing chief executive officer Brigid Murphy, and this week the previously confirmed movement has happened. Murphy retired from her post and Travelers Companies Inc. said that chief operating officer Duane

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Category: Travelers Canada News


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