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U.S. Reinsurers See Less Premium, But More Profits

U.S. reinsurers saw a slight decline in net premiums written during the first three quarters of 2009, but the business they wrote was far more profitable, a Reinsurance Association of America survey has revealed.

By Caroline McDonald | Updated on December 06, 2009

U.S. reinsurers saw a slight decline in net premiums written during the first three quarters of 2009, but the business they wrote was far more profitable, a Reinsurance Association of America survey has revealed.

Net reinsurance premiums written during the first three quarters were down about 1.6 percent, from $19 billion a year ago to $18.7 billion in 2009, according to the RAA survey of statutory underwriting results for 19 U.S. property and casualty reinsurers in the nine months ending Sept. 30, 2009.

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