A group of reinsurers tracked by the Reinsurance Association of America in 2012 recorded a level of net premiums written not seen for about a decade.
A group of reinsurers tracked by the Reinsurance Association of America in 2012 recorded a level of net premiums written not seen for about a decade.
The RAA's “Reinsurance Underwriting Review: 2012 Industry Results” reports 27 companies turned in NPW of $31.6 billion—the largest such number since the group posted about $33 billion in NPW in 2003.
NPW in 2011 for the 27 companies was about $28 billion.
The group recovered from a catastrophe-filled 2011 to record a 2012 underwriting profit of $973.9 million compared to a loss of $2.2 billion in 2011.
Net income for the 27 companies was $8.3 billion compared to about $7.3 billion in 2011.
Allied World Reinsurance and SCOR Reinsurers were the only companies to record a loss on income for 2012 with losses of $4.2 million and $97 million, respectively.
Endurance Re., Maiden Reinsurance and QBE North America stayed in the red in 2012. These companies recorded income losses of about $20 million, $19.2 million and $49.2 million, respectively.
The RAA's “Reinsurance Underwriting Review: 2012 Industry Results” reports 27 companies turned in NPW of $31.6 billion—the largest such number since the group posted about $33 billion in NPW in 2003.
NPW in 2011 for the 27 companies was about $28 billion.
The group recovered from a catastrophe-filled 2011 to record a 2012 underwriting profit of $973.9 million compared to a loss of $2.2 billion in 2011.
Net income for the 27 companies was $8.3 billion compared to about $7.3 billion in 2011.
Allied World Reinsurance and SCOR Reinsurers were the only companies to record a loss on income for 2012 with losses of $4.2 million and $97 million, respectively.
Endurance Re., Maiden Reinsurance and QBE North America stayed in the red in 2012. These companies recorded income losses of about $20 million, $19.2 million and $49.2 million, respectively.
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