Travelers Soothes Investors; Cites Opportunities in AIG Debacle

By | October 22, 2008

  • October 22, 2008 at 7:18 am
    Chuck says:
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    Traveler’s Quantum Auto has a multivariate approach that broadens their underwriting guidelines to accept non-preferred auto risks. It competes with AIG and AIG’s personal lines volume is not $1 trillion as mentioned below. I can see Traveler’s or Progressive being a good fit to buy AIG’s profitable personal lines book of business.

  • October 22, 2008 at 1:25 am
    What???? says:
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    Since when are Travelers and AIG rivals? Nice “spin” though.

  • October 22, 2008 at 1:42 am
    steve says:
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    Travelers competes on larger and more hazardous property risks with Lexington which is owned by AIG though their level
    of loss control expertise is lower than Lex’s. And FM Global kicks both their butts all day long.

  • October 22, 2008 at 5:46 am
    tutor says:
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    Traveler’s has property expertise?

    Huh?

  • October 22, 2008 at 6:20 am
    Risk says:
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    Hmmmmm….battered by tropical storms, below flat premium growth. Yep, I guess they are ready to swindle a one trillion dollar company. LMAO.

  • October 23, 2008 at 8:50 am
    GM says:
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    With unease at Travelers it now makes sense why they are buying up lousy business – bolstering the shadows on the bottom line. Perhaps they have more in common with AIG than they even realize. You can read between the lines though…sounds as though they are again preparing to dump business or raise rates. How many of you remember the many times they have done this in the market leaving insureds i8n the lurch?



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