NU Online News Service, Nov. 29, 12:58 p.m. EST
After nine months, U.S. property and casualty reinsurers saw net income rise to $6.27 billion, nearly five times what the same group of reinsurers recorded during the same time in 2009.
About $4.2 billion of the total combined net income from 19 U.S. reinsurers followed by the Reinsurance Association of America (RAA) came from National Indemnity Company (NICO), which reported a net loss of about $292 million a year ago during the same time.
Earlier this year, NICO, a member of the Berkshire Hathaway Group, received $1.6 billion in legacy asbestos and environmental pollution liabilities from CNA Financial Corp.
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
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
