NU Online News Service, March 15, 9:21 a.m. EDT
The U.S. reinsurance industry was hit hard by catastrophes in 2011, producing a combined ratio of well over 100, according to one survey of U.S. reinsurance property and casualty underwriters.
The Reinsurance Association of America (RAA) surveyed 19 U.S. P&C reinsures and found their combined ratio in 2011 deteriorated by 11.8 points to 107.2 over the previous year.
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