A group of 19 U.S. property-casualty reinsurers wrote $23.9 billion of net premiums in 2008, a $6.billion increase over 2007, according to a Reinsurance Association of America survey.
The combined ratio for the group was 101.8, deteriorating from the 94.7 combined ratio reported for the same period in 2007.
The combined ratio was attributed to a 71-point loss ratio and an expense ratio of 30.7. Policyholders' surplus was $64.4 billion, down from the $75.9 billion reported for the same period in 2007, RAA said.
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