The combined ratio of U.S. reinsurers deteriorated in 2005, skyrocketing 23 points thanks to record hurricane losses, according to data published by the Reinsurance Association of America.
The combined ratio of 26 reinsurers for 2005 came in at 129.4, compared with a similar group of carriers that reported a combined ratio of 106.2 the previous year.
The 2005 group wrote $25.3 billion of net premium, down about 11 percent from the $28.4 billion written by the 2004 group.
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