A group of 22 U.S. propertycasualty reinsurers wrote $12.2 billion of net premiums during the first six months of 2007, down $7.5 million compared with the same period in 2006, according to a new report.
The analysis of reinsurers' statutory underwriting results was conducted by the Reinsurance Association of America (RAA).
RAA found that the combined ratio for the group of reinsurers was 90, an improvement from the 96.5 figure reported for the same period in 2006. The combined ratio is attributable to a 62.8 loss ratio and an expense ratio of 27.2.
Policyholders' surplus was $77.3 billion compared with $66.3 last year, according to the Washington, D.C.-based RAA.
Swiss Re America Corp. had gross written premiums of $2.8 billion during the first six months of this year, compared with $3.17 billion for the same period in 2006, and a combined ratio of 120.3, compared with 129.5.
National Indemnity Company had $2.44 billion in gross written premiums for the first half of this year, compared with $2.64 billion last year, and a combined ratio of 59.5, compared with 75.3 last year.
SCOR U.S. Group/SCOR Reinsurance had gross written premiums of $179.9 million this year, with a combined ratio of 116.1, compared with $108.4 million for the same period in 2006 and a combined ratio of 204.1, the report said.
The underwriting report is available on the RAA Web site at http://www.reinsurance.org.
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