The combined ratio of U.S. reinsurers deteriorated in 2005, skyrocketing 23 points thanks to record hurricane losses, according to data published by the Reinsurance Association of America.
The combined ratio of 26 reinsurers for 2005 came in at 129.4, compared with a similar group of carriers that reported a combined ratio of 106.2 the previous year.
The 2005 group wrote $25.3 billion of net premium, down about 11 percent from the $28.4 billion written by the 2004 group.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
