Travelers Says Risk From Energy Junk Bonds Is `Quite Manageable'

Travelers Cos., the lone property-casualty insurer in the Dow Jones Industrial Average, said it had more than $2 billion of energy related investments as of Dec. 31, mostly in investment-grade debt.

The total includes $162 million of junk bonds and $330 million of energy-focused private equity investments, the New York-based insurer said in a presentation Thursday. The risk is “quite manageable,” Chief Financial Officer Jay Benet said in a conference call.

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