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US reinsurers post 102% combined ratio in Q1
02 June 2010
The 19 US property/casualty reinsurers surveyed by the Reinsurance Association of America wrote $6.4bn of net premiums in the first quarter, down from $7bn in the first quarter of last year.
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Reinsurance Association of America
The 19 US property/casualty reinsurers surveyed by the Reinsurance Association of America wrote $6.4bn of net premiums in the first quarter, down from $7bn in the first quarter of last year.
The combined ratio for the group was 102.2%, deteriorating from the 95.5% combined ratio reported for the same period in 2009. The combined ratio is attributable to a 72.8% loss ratio and an expense ratio of 29.5 %. Policyholders’ surplus was $101.3bn, up from the $77.3bn at year-end 2009.