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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.

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