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Travelers risk head says underwriting back at the fore
The role of the underwriter has returned to prominence within the insurance industry, according to Scott Belden, managing director of risk and reinsurance for Travelers Property Casualty.
The focus on profitable underwriting business comes as Citigroup is spinning Travelers into an independent business unit. The bank conducted an initial public offering, worth 20% of Travelers, at the end of March and plans to place the remaining equity in the capital markets by the end of the year.
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