NU Online News Service Aug. 30, 3:32 p.m. EDT
U.S. property and casualty reinsurers saw 2010 first-half net premiums written drop 4 percent compared to last year while their combined ratio increased to 98.7 from 93.8.
According to the "Reinsurance Underwriting Report, conducted by the Reinsurance Association of America (RAA), the 19 U.S. reinsurers tracked reported 2010 first-half net written premiums of $12.3 billion, down from $12.8 billion for the same time period in 2009.
The RAA said the 98.7 combined ratio is attributable to a 68.9 percent loss ratio and an expense ratio of 29.8 percent.
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