US property and casualty insurer, Travelers, has reported a quarterly loss of $793m (£490m) on the back of a charge to cover asbestos losses.
The third largest US insurer said the loss was caused by the $1.3bn (£804m) charge for increasing reserves to pay for asbestos-related injury claims.
That compared with a profit of $303m (£187m), in the same quarter last year.
Travelers' shares closed at $16.03 (£9.81) each. They have fallen 13% from their initial public offering price of $18.50 (£11.44) in March.
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.
