NU Online News Service, June 2, 12:08 p.m. EDT
Reinsurance Association of America members in the first quarter saw net premiums written increase nearly 3 percent compared with same period in 2008.
However, profitability is another story, as 10 of the 19 members of the reporting group saw net income fall in the quarter, according to RAA. The biggest loss came at National Indemnity ($2.18 billion), while Swiss Re had the best profit line at $146 million.
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