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Re Premium Writing Down 13.6% In 2007

A group of 20 U.S. propertycasualty reinsurers wrote $22.7 billion of net premiums during the 12 months ended Dec. 31, 2007, compared with $25.8 billion written during the same period in 2006--a decrea

By Caroline McDonald | Updated on March 17, 2008

A group of 20 U.S. propertycasualty reinsurers wrote $22.7 billion of net premiums during the 12 months ended Dec. 31, 2007, compared with $25.8 billion written during the same period in 2006–a decrease of 13.6 percent, according to a reinsurance association report.

An analysis of reinsurers’ statutory underwriting results conducted by the Reinsurance Association of America (RAA) found that the combined ratio for the group of reinsurers was 94.7, a slight improvement over the 94.9 combined ratio reported for the same period in 2006. The combined ratio is attributable to a 65-point loss ratio and an expense ratio of 29.7, according to the Washington, D.C.-based RAA.

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