NU Online News Service, Nov. 30, 3:00 p.m. EST
A group of 19 U. S. property-casualty reinsurers wrote $18.7 billion of net premiums during the nine-months ended Sept. 30, 2009, compared to $19 billion for the same period in 2008, down less than 2 percent, the Reinsurance Association of America said.
In a survey of reinsurers' statutory underwriting results, RAA said the combined ratio for the group was 95.1 percent, an improvement over the 104.2 percent combined ratio reported for the same period in 2008. The combined ratio is attributable to a 64.8 percent loss ratio and an expense ratio of 30.2 percent. Policyholders' surplus was $74.1 billion, up from the $72.1 billion reported for the third quarter 2008, RAA said.
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