Moody's Investors Service has assigned an A2 rating to junior subordinated debt to be issued by Travelers Property Casualty Corp.
The debt issuance is being made in conjunction with the company's initial public offering and spin-off from its parent Citigroup.
Proceeds from the debt issuance and public offering are expected to be used to pay intercompany debt to Citigroup.
Moody's said it "expects financial leverage to increase modestly following this, yet to remain in a range reasonable for the current ratings."
The outlook for the ratings of Travelers Property Casualty Corp and its subsidiaries is stable.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
