Insurers writing the bulk of their business in specialty lines saw declines across the board in the first quarter of 2008, with income and premiums dropping, while combined ratios ticked up for most companies reviewed by NU.
W.R. Berkley Corp. is the largest company included on NU's first-quarter results compilation, with $1.2 billion in net premiums for the first quarter. The company reported a 7.7 percent drop in net premium volume in the quarter, compared to a 1.0 percent drop for the rest of the group.
(Totals do not include results for some larger E&S carriers such as Lexington, Scottsdale and Zurich Specialty, which are part of insurance groups that write standard and specialty business.)
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