Travelers Reports Solid Q4, Year-End Underwriting; ‘Well Positioned’ for 2009

January 27, 2009

  • January 27, 2009 at 4:02 am
    Hooray for Capitalism!!! says:
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    Hey lookie everybody,

    Here’s a company succeeding without a handout!!! And remember when they made the comment about the pigs at the trough of the TARP?? They were right! We need more businesses to decline federal handouts in order to preserve our capitalistic society!! Yay!!!!

  • January 27, 2009 at 5:06 am
    anon the mouse says:
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    They are not the only one that declined the “free money” bailout. We as agents competing against the companies that took the bailout should point this information out to our prospects when we have to go head to head with the takers.

  • January 27, 2009 at 5:10 am
    anon the mouse says:
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    Kind of speaks to a topic and thought that should be uppermost in any agents decision making process. Ethics, the takers may be conceived to have loose ethics within their company.

  • January 28, 2009 at 5:41 am
    Sad to say. says:
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    with results like this: Consolidated GAAP combined ratio of 91.9 percent, compared to 87.4 percent in the prior year…. there is not a hard market coming.

    I also have heard that Chubb is in the 80’s, and QBE will post a 90 or something like that. And others are strong in the low-to-mid 90 range.

    Liberty Mutual is hurting, so you’ll see them doing some very whacky things. OH, did Liberty do something last week?!?!?!?

    Remember Standard & Poor put a NEGATIVE watch on Liberty about 5-6 months ago.

    There are also many regionals that will post a combined at 105 or worse. Watch out! Those carriers will try to firm, they have to. But the big boys are going to survive this thing and get even stronger.

    We might see some firming or stabilization, but the competition is too fierce and the results too good for anything that is close to hardening.

  • January 28, 2009 at 6:39 am
    Wonderer says:
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    The big boys….wonder how Allstate, State Farm, and GEICO will fair Year-end? I must say I’m mostly curious about Buffet’s baby…they have done quite well for themselves in the past. Are we going to see our customers more concerned with the best price or will they continue to stick around with us for loyalty? Seeing how these three end the year with growth and profit should be a good indicator.



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