Search
 

Reinsurers Beat Primary Industry Results

The U.S. reinsurance segment posted better results than its domestic property and casualty industry counterpart last year, according to National Underwriter's annual review of financial results.

By Susanne Sclafane | Updated on July 05, 2009

Whether it is the result of greater discipline, solid risk management or just luck, the U.S. reinsurance segment did post better results than its domestic property and casualty industry counterpart last year, according to National Underwriter’s annual review of financial results available through NU’s affiliate, Cambridge, Mass.-based Highline Data.

In spite of a 70 percent drop in net income and a 12 percent surplus decline in 2008–both heavily driven by a 50 percent decrease in overall investment gains–the reinsurance segment was able to report a slim underwriting profit, with a combined ratio of 100.7 overall.

The aggregate 2008 combined ratio was 100.1 for the top-25 reinsurers, which NU ranked based on reinsurance premiums assumed from nonaffiliated companies. (See related article, “Reinsurer Defined,” for further explanation of NU rankings.)

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.