Travelers Q1 NWP down overseas as a result of Lloyd's action
US insurance giant Travelers has reported that its international arm saw a 20% decrease in net written premiums to $255m (£155m) in the first quarter of 2011 compared to the prior year quarter.
Adjusting for the impact of changes in foreign exchange rates, it added net written premiums decreased 22%.
"This decrease is primarily attributable to intentional underwriting actions taken at the
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