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U.S. Reinsurer Premiums Fall, But Profitability Of Book Intact

The softening property-casualty market sent U.S. reinsurance premiums down steeply last year, but the business being written remains just as profitable, an industry group's survey and analysis

By Caroline McDonald | Updated on March 23, 2008

The softening property-casualty market sent U.S. reinsurance premiums down steeply last year, but the business being written remains just as profitable, an industry group’s survey and analysis reveals.

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 13.6 percent fall, according to an analysis of reinsurer statutory underwriting results by the Reinsurance Association of America.

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