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.

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