NU Online News Service, March 31, 2:32 p.m. EDT
A reinsurance brokerage said net income for the reinsurers it follows dropped $22.4 billion year-over-year to a loss of $7.5 billion for full-year 2008.
Guy Carpenter said by comparison in 2007 its European Reinsurance Composite of companies had posted aggregate net income of $14.9 billion. Total return on equity fell to minus-9 percent.
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