A group of 22 U.S. propertycasualty reinsurers wrote $12.2 billion of net premiums during the first six months of 2007, down $7.5 million compared with the same period in 2006, according to a new report.
The analysis of reinsurers' statutory underwriting results was conducted by the Reinsurance Association of America (RAA).
RAA found that the combined ratio for the group of reinsurers was 90, an improvement from the 96.5 figure reported for the same period in 2006. The combined ratio is attributable to a 62.8 loss ratio and an expense ratio of 27.2.
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