Posted on 30 Nov 2010
In a survey of reinsurers’ statutory underwriting results conducted by the Reinsurance Association of America (RAA), a group of 19 U. S. property-casualty reinsurers wrote $18.3 billion of net premiums during the nine-months ended September 30, 2010, compared to $18.7 billion for the same period in 2009.
The combined ratio for the group was 96.6%, deteriorating from a 95.1% combined ratio reported for the same period in 2009. The combined ratio is attributable to a 66.8% loss ratio and an expense ratio of 29.8 %. Policyholders’ surplus was $103.9 billion, up from $99.7 billion reported in the second quarter of 2010.
For the full report, click here.