The U.S. reinsurance industry's vital signs are showing vast improvement over 2005′s disastrous, catastrophe-marred results, according to statistics released last week by the Reinsurance Association of America.
The Washington-based group noted a combined ratio of 95.4 for the first nine months of 2006, way down from the 124.1 reported for the same period a year earlier.
The data reflects the results of 23 reinsurers that are RAA members–representing nearly two-thirds of the gross reinsurance coverage provided by U.S. reinsurers and their affiliates.
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