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, according to the Reinsurance Association of America's quarterly survey.

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

Those surveyed had a combined ratio of 94.1--a 1.3-point improvement from the 95.4 figure reported for the same period in 2006. The combined ratio is attributable to a 65.6 loss ratio and an expense ratio of 28.5.

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.