When an S&P Global Ratings executive asked the leader of Travelers how current challenges like tariff uncertainty, inflation, geopolitical risks influence the insurer’s strategy, Alan Schnitzer delivered an answer that Larry Wilkinson may not have expected.
“Really not much,” said Schnitzer, the chair and chief executive officer of The Travelers Companies during an early session of the S&P Global Ratings 41st Annual Insurance Conference in early June.
Wilkinson, the head of U.S. Property/Casualty Insurance at S&P, referenced the economic and geopolitical headwinds after Managing Director & Property/Casualty Sector Lead Neil Stein listed them as watchlist items for the rating agency at the session before the interview with Schnitzer. And while Schnitzer later agreed that social inflation and the overall economic fallout of geopolitical uncertainty were challenges “of the moment,” offering his take on strat…