U.S. primary insurance carrier Travelers has reported what its CEO Alan Schnitzer calls its “highest-ever level of first quarter catastrophe losses”, which it appears are largely due to the US winter storms.
Travelers doesn’t break out its losses from February’s US winter storms and Texas deep freeze event, but the company says that its first-quarter 2021 catastrophe losses are largely related to winter storms and wind storms in the United States, so it’s safe to assume the freeze event is the major contributor.
