U.S. premium ceded to alien reinsurers rose 17 percent in 2005, according to a study released today.
The Washington D.C.-based Reinsurance Association of America reported total U.S. premium ceded to alien reinsurers was $62.1 billion last year, representing a 17 percent increase from 2004.
Ceded recoverables from alien reinsurers came in at $123.9 billion for a 16 percent rise from 2004. Total premiums ceded to affiliated alien reinsurers increased by 29 percent to $68.5 billion last year.
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