NU Online News Service, Nov. 30, 3:00 p.m.EST
A group of 19 U. S. property-casualty reinsurers wrote $18.7billion of net premiums during the nine-months ended Sept. 30,2009, compared to $19 billion for the same period in 2008, downless than 2 percent, the Reinsurance Association of Americasaid.
In a survey of reinsurers' statutory underwriting results, RAAsaid the combined ratio for the group was 95.1 percent, animprovement over the 104.2 percent combined ratio reported for thesame period in 2008. The combined ratio is attributable to a 64.8percent loss ratio and an expense ratio of 30.2 percent.Policyholders' surplus was $74.1 billion, up from the $72.1 billionreported for the third quarter 2008, RAA said.
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