U.S. Reinsurers See Major Turnaround In First Quarter
U.S. reinsurers in the first quarter saw a strong turnaround in business following wicked results posted at the end of last year, according to data from the Reinsurance Association of America.
The combined ratio for the industry was a near breakeven 101.8 for the three months ended March 31. This compares with 141.6 for the 12-months ended Dec. 31, 2001. In last years first quarter, the industry posted a combined ratio of 106.4, an improvement over 2000s first-quarter figure of 112.4.
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