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Travelers is making its product liability insurance product for life sciences companies to California. The company’s Travelers Synergy has now rolled out in all 50 states. Travelers Synergy is designed to protect life sciences companies against product-related claims at any …
It says the rival agreed to defend but never to indemnify - and won't repay the bills
Six tenders over 16 months - and, Travelers says, not a single reply from the other carrier
Dan Frey, Chief Financial Officer at Travelers, said the firm opted not to renew its Personal Insurance Catastrophe Excess-of-Loss (XOL) Reinsurance Treaty at July 1, as its enhanced enterprise-wide catastrophe reinsurance program, secured at January 1, offered a “more attractive way” to obtain the desired reinsurance protection. “On July 1, we renewed our Northeast property […] The post Travelers forgoes personal XOL treaty renewal following Jan enterprise reinsurance restructuring appeared first on ReinsuranceNe.ws.