Nineteen U.S. reinsurers comprising the Reinsurance Association of America (RAA) report a gain of over $1 billion in 2012 net income compared to 2011, as written premiums increased and underwriting results improved.
The group's combined 2012 net income was $7.98 billion, up from $6.69 billion in 2011, RAA reports. Three reinsurers in the group—Endurance Reinsurance Corp., QBE North America and SCOR U.S. Group/SCOR Re—reported net losses for the year, compared to seven reinsurers reporting net losses the previous year.
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