Travelers Companies, Inc. (The): Travelers preannounces large second-quarter catastrophe losses, and a small coronavirus-related impact
Coronavirus losses are relatively low and reflect the company's product lines with its small and middle market focus, management of terms and conditions and broad diversification.Travelers Companies is a holding company. Through its subsidiaries, the company is engaged in providing commercial and personal property and casualty insurance products and services to businesses, government units, associations and individuals. The company's segments include: Business Insurance, which provides property and casualty insurance and insurance-related services; Bond and Specialty Insurance, which provides surety, fidelity, management liability, professional liability, and other property and casualty coverages and related risk management services, and certain specialty insurance products; and Personal Insurance, which writes property and casualty insurance covering individuals' personal risks.
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