U.S. reinsurers' combined ratio improved nearly nine points for the first three months of the year, according to an industry trade group.
In a survey of 22 domestic reinsurers, the Reinsurance Association of America reported the group posted an aggregate combined ratio of 89.9, compared with 98.4 for a similar group in the first three months of last year.
The reinsurers wrote $6.7 billion of net premiums during the first three months of the year, compared with $6.5 billion in the first three months of 2006.
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