U.S. Re Rates, Losses Up
London Editor
Years of under-priced business, worsening loss development, and events such as Tropical Storm Allison continue to wreak havoc on the balance sheets of U.S. reinsurers–30 of which reported a total combined ratio of 115.6 for the six-month period ended June 30, up from 112.2 for the first half of last year, according to the Reinsurance Association of America.
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