Insight and Intelligence on the London & International Insurance Markets 19 Feb 2018

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Companies optimistic on growth outlook

  • Iulia Ciutina and Gavin Davis 6 February 2018
  • Recent commentary from early reporters points to optimism that growth momentum is improving.

    Travelers, a bellwether for the US commercial lines industry, is perhaps the best illustration of this. Net written premiums in business insurance were up 5 percent year on year, with domestic premiums up 4 percent, which the company attributed to strong growth in middle markets. International premiums were up 15 percent, or 11 percent excluding currency fluctuations, driven by growth in Europe and Canada.

    Notably, renewal rates...

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