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U.S. Re Sector Sees Net Income, Combined Ratio Sharply Higher

The net income among 20 U.S. reinsurers rose 263 percent in the first quarter of this year despite uneven results among the group, according to the regular quarterly survey released by the

By Phil Gusman | Updated on July 06, 2008

The net income among 20 U.S. reinsurers rose 263 percent in the first quarter of this year despite uneven results among the group, according to the regular quarterly survey released by the Reinsurance Association of America.

Net income for the first quarter was $1.5 billion, compared to $413 million in the first quarter of 2007, the Washington, D.C.-based RAA reported.

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