Powered by

Chubb or Travelers Companies: Which P&C Insurer Has an Edge?

Dec 11, 2020 - Nasdaq

Impact of the coronavirus pandemic and near-zero interest rates continue to affect property and casualty (P&C) insurers. An ‘‘extremely active Atlantic hurricane season’’ weighed on underwriting profitability.

Per Verisk and the American Property Casualty Insurance Association (APCIA), net income of the private U.S. property/casualty insurance industry declined 26% in the first half of 2020, largely attributable to the pandemic. Net underwriting gains too decreased, though net writ...