NU Online News Service, March 15, 1:27 p.m. EST
The amount of U.S. property and casualty reinsurers' net premiums written last year was flat at $23.9 billion, a survey by the Reinsurance Association of America found.
Washington-based RAA said the results were for 19 reinsurers' net premiums during the 12 months ended Dec. 31, 2009. In the prior year total net premiums written were $14.2 million higher.
The combined ratio for the group was 93.5, improving from the 101.8 combined ratio reported for the same period in 2008.
RAA said the combined ratio is attributable to a 63.3 loss ratio and an expense ratio of 30.2. Policyholders' surplus was $77.3 billion, up from the $64.4 billion reported for the same period in 2008.
RAA listed the top five reinsurers for net premium written as National Indemnity Company, $4.36 billion; TRC/Putnam Reinsurance Company, $3.59 billion; Munich Re America, $2.8 billion; Swiss Re, $1.66 billion; and Everest Reinsurance Company $1.65 billon.
The RAA's quarterly Reinsurance Underwriting Report can be subscribed to online through orders@reinsurance.org. Questions about a subscription can be directed to Geneva Green at 1-800-570-1806.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.