Net premiums written by 21 U.S. property-casualty reinsurers declined by 8.7 percent during the nine months ended Sept. 30, compared with the same period last year, a reinsurance trade group announced.

The Washington-based Reinsurance Association of America said the 21 firms wrote $17.9 billion of net premiums during the nine months--a decrease of $1.7 billion.

RAA's report of reinsurers' statutory underwriting results found that the combined ratio for the group was 94.1, an improvement from the 95.4 combined ratio reported for the same period in 2006.

Recommended For You

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.