GLRE - Travelers Recovers Full $280 Million From Its Aggregate Reinsurance In Q3

• Travelers has confirmed that it made the full $280 million of recoveries from its property catastrophe aggregate reinsurance during the third-quarter of 2020.
• The third quarter has also been costly, with the company reporting $397 million of pre-tax catastrophe losses net of reinsurance, well above the average for the period.
• Travelers renews its catastrophe aggregate coverage at the January renewals typically, so it will be interesting to see how it structures this important protection for the next year.

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