A group of 19 U.S. property-casualty reinsurers saw net premiums written rise 5.3 percent, growing $1.2 billion to $23.9 billion for 2008, according to a Reinsurance Association of America survey.

However, while premium volume was up as primary carriers increased their reinsurance protection levels, profitability was down. RAA reported a combined ratio for the group of 101.8–deteriorating 7.1 points from the 94.7 combined ratio for the same period in 2007. The combined ratio included a 71 loss ratio and an expense ratio of 30.7.

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