The reinsurance industry's combined ratio deteriorated by nearly five points in the first quarter compared to last year, according to new data issued by the Reinsurance Association of America.
A survey of 24 U.S. property-casualty reinsurers found a 98.4 combined ratio, compared with a 93.9 figure for the first three months of 2005 for a like group of carriers.
Net written premium declined about 6 percent for the quarter, coming in at $6.6 billion compared with $7 billion in the first quarter of last year.
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