US No.2 insurer says its growth comes from AIG and others
US insurer Travelers raised its 2009 operating earnings outlook by about five cents a share and said it was benefiting from the troubles of AIG and other weakened competitors, Reuters reports.
Chief executive Jay Fishman said that the gap between Travelers' policy sales and those of competitors had widened in the fourth and first quarters.
The company was winning customers away from rivals, including AIG.
"A flight to quality -- there is no doubt there is one," said Fishman. He added that feedback from agents and brokers was that "many are concerned some companies won't have the capacity to service customers."
Fishman made no predictions for revenue in future periods.
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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.
