Welcome to our dedicated news page for The Travelers Companies (Ticker: TRV), a resource for investors and traders seeking the latest updates and insights on The Travelers Companies.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect The Travelers Companies's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of The Travelers Companies's position in the market.
Rhea-AI Summary
Travelers Companies, Inc. (NYSE: TRV) announces new financial institutions bond tailored for asset managers, offering expanded coverage for employee theft, third-party criminal activity, and social engineering fraud. The new bond includes nearly 30 endorsements, an expanded definition of employees and insured parties, and extended reporting time for claim activity. It will be available for new customers starting Jan. 1, 2024, and for existing customers up for renewal on April 1, 2024.
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The Travelers Companies, Inc. (NYSE: TRV) has completed the acquisition of Corvus Insurance Holdings, Inc., a leading cyber insurance managing general underwriter. The acquisition is expected to enhance Travelers' cyber capabilities and provide distribution efficiencies to insurance agents and brokers.
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The Travelers Companies, Inc. (TRV) will review its Q4 and full year 2023 results on Jan. 19. Investors can access the call via webcast or phone. Replays will be available for one year via webcast and for 30 days by phone.
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Travelers Companies, Inc. (NYSE: TRV) has been recognized as a Military Friendly® Employer and Military Spouse Friendly® Employer by VIQTORY, as well as maintaining its status as a Military Times Best for Vets Employer. The company has a long history of supporting the military community and has gained acclaim for its military-friendly culture for nearly two decades. Travelers' initiatives include an employee resource group, recruiting initiative for military spouses, partnership with American Corporate Partners, and comprehensive benefits for employees deployed on active duty.
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The Travelers Companies, Inc. has agreed to acquire Corvus Insurance Holdings, Inc. for approximately $435 million. Corvus is an industry-leading cyber insurance managing general underwriter with advanced cyber capabilities. The acquisition will provide Travelers with sophisticated underwriting algorithms, cyber vulnerability scanning, and digital connectivity. Corvus has a proprietary AI-driven cyber risk platform and expertise in the middle-market excess and surplus cyber insurance marketplace. The transaction is expected to close in Q1 2024.
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The Travelers Companies, Inc. reports third quarter 2023 net income per diluted share of $1.74 and return on equity of 7.7%. Net written premiums reach a record high of $10.493 billion, up 14% from the prior year quarter. Catastrophe losses and net unfavorable prior year reserve development impact core income. Underlying underwriting income increases by 43%. Net investment income increases by 30%.
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The Travelers Companies, Inc. announces results of the 2023 Travelers Canada Risk Index
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The Travelers Institute will celebrate the 100th episode of its webinar series with special guest Alan Schnitzer, Chairman and CEO of Travelers. The series has been successful, with nearly 350,000 registrations and replays. The webinar is free and open to the public.
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The Travelers Companies, Inc. released its 2023 Travelers Risk Index results, showing that cyber threats remain a top concern among businesses. 58% of survey participants worry about cyber, ranking it behind medical cost inflation and economic uncertainty. However, at least 25% of businesses have not taken essential cybersecurity steps. 23% of companies have suffered a cyberattack, with phishing emails and security breaches being the most common events. Cyber insurance coverage has increased to 60% from 39% five years ago. The survey highlights the need for organizations to improve their cybersecurity measures.
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The Travelers Companies, Inc. will review its Q3 2023 results on Oct. 18 at 9 a.m. ET. Investors can access the call via webcast and dial-in. Replays will be available for one year.
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The Travelers Companies, Inc.
NYSE:TRV
TRV Rankings
TRV Stock Data
48.81B
227.95M
0.24%
84.86%
1.46%
Direct Property and Casualty Insurance Carriers
Finance and Insurance
United States of America
SAINT PAUL
About TRV
in an uncertain world, travelers is an insurance leader, committed to keeping pace with the ever-changing needs of our customers, and anticipating their needs for the future. there is no stronger testament to our dedication to protecting customers from loss than our continued innovation and ability to transform our industry. in fact, from the first ever auto and space travel policies and hybrid car discount, to the 2009 founding of the travelers institute for public policy, our history of advancements has propelled our company—and our industry—towards ever higher standards for customers. today, more than 150 years after our founding, travelers is one of the nation's largest property casualty companies. a component of the dow jones industrial average, travelers has more than 30,000 employees, 13,000 independent agents and multiple market segments across the personal, business, financial and international insurance groups. travelers has operations in the united states, united kingdom, ca