Eighty percent of the names on NU’s annual list of the Top 100 P&C insurance groups (see facing page) saw an increase in net premiums written in 2011—and every dollar counted as the year’s catastrophe events shrunk insurers’ net incomes, and the combined ratio for the Top 100 climbed to 110.2 in 2011, compared to 102.6 in 2010.
Of the 20 insurance groups that experienced a drop in net premiums written in 2011, only five of those are ranked in the Top 50.
On average, net premiums for the Top 100 groups increased 4 percent, compared with an anemic 0.7 percent growth in net premiums written in 2010.
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