NU Online News Service, June 1, 11:59 a.m. EDT
Nineteen reinsurers belonging to the Reinsurance Association of America (RAA) saw a combined 2011 first-quarter net loss of $100.6 million, compared to 2010 first-quarter net income of $2.4 billion.
The reinsurers saw a combined underwriting loss of $2.1 billion and a combined ratio of 129.3. These figures compare to a 2010 first-quarter underwriting loss of $328.5 million and a combined ratio of 102.2.
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