US insurer posts net income of $925m
Travelers posted a net income of $925m in the second quarter, up from $499m in the previous quarter.
The US insurer’s bottom increased amid price increases, lower catastrophes and investment gains.
Travelers chief executive Jay Fishman has aimed to increase rates over the last three years, arguing that an increase in natural disasters and lower interest rates needs to be offset.
Fishman said: “Given the environment of low interest rates and volatile weather patterns, we will continue to seek higher margins.”
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.
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