The Reinsurance Assn. of America (RAA) reports that the amount of U.S. property-casualty reinsurers' net premiums written remained flat last year at $23.906 billion.
Washington-based RAA said the results were obtained in a survey of 19 reinsurers' net premiums during the 12 months ended Dec. 31, 2009. In the year ending 2008, net premiums written were $14.2 million higher to total $23.920 billion.
However, the combined ratio for the group was 93.5, improving from the 101.8 combined ratio reported for the same period in 2008. RAA said the combined ratio is attributable to a 63.3 loss ratio and an expense ratio of 30.2. Policyholders' surplus was $77.3 billion, up from the $64.4 billion reported for the same period in 2008.
RAA listed the top five reinsurers for net premium written as National Indemnity Co.,$4.36 billion; TRC/Putnam Reinsurance Co.,$3.59 billion; Munich Re America, $2.8 billion; Swiss Re, $1.66 billion; and Everest Reinsurance Co.,1.65 billion. The Reinsurance Assn. of America (RAA) reports that the amount of U.S. property-casualty reinsurers' net premiums written remained flat last year at $23.906 billion.
Washington-based RAA said the results were obtained in a survey of 19 reinsurers' net premiums during the 12 months ended Dec. 31, 2009. In the year ending 2008, net premiums written were $14.2 million higher to total $23.920 billion.
However, the combined ratio for the group was 93.5, improving from the 101.8 combined ratio reported for the same period in 2008. RAA said the combined ratio is attributable to a 63.3 loss ratio and an expense ratio of 30.2. Policyholders' surplus was $77.3 billion, up from the $64.4 billion reported for the same period in 2008.
RAA listed the top five reinsurers for net premium written as National Indemnity Co.,$4.36 billion; TRC/Putnam Reinsurance Co.,$3.59 billion; Munich Re America, $2.8 billion; Swiss Re, $1.66 billion; and Everest Reinsurance Co.,1.65 billion.
