Net premiums written by 21 U.S. property-casualty reinsurers declined by 8.7 percent during the nine months ended Sept. 30, compared with the same period last year, according to the Reinsurance Association of America's quarterly survey.
The Washington-based reinsurer group said the 21 firms wrote $17.9 billion of net premiums during the nine months--a decrease of $1.7 billion.
Those surveyed had a combined ratio of 94.1--a 1.3-point improvement from the 95.4 figure reported for the same period in 2006. The combined ratio is attributable to a 65.6 loss ratio and an expense ratio of 28.5.
Among the individual nine-month net premiums written reported were:
o Berkley Insurance Company--$1.22 billion in net premiums written in 2007, down from $1.43 billion a year earlier.
o Everest Re--$1.58 billion in 2007, versus $1.64 billion in 2006.
o Munich Re--$1.8 billion in 2007, down from $1.99 billion in 2006.
o Swiss Re America Corp.--$941 million in 2007, down from $2.02 billion.
o XL Reinsurance America--$404 million in 2007, versus $419 million.
The full report is available online at http://www.reinsurance.org.
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