WASHINGTON–The reinsurance industry's vital signs are showing vast improvement over 2005′s disastrous, catastrophe-marred results, according to statistics released today by the Reinsurance Association of America
The group noted a combined ratio of 95.4 for the first nine months of 2006, compared to 124.1 for the same period a year earlier.
The RAA said the data reflects the result of 23 reinsurers that are members of the RAA, representing nearly two thirds of the gross reinsurance coverage provided by U.S. reinsurance companies and affiliates written by the U.S. industry.
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.
