US had good 2003, says RAA
The Reinsurance Association of America (RAA) has released the results of a new survey showing that a group of 29 US property/casualty reinsurers wrote a total of $30.6bn in net premiums during the 12 months to 31 December 2003.
According to the RAA the reinsurers’ combined ratio came to 101.2% down on the 121.3% recorded over the same period of 2002.The 2003 combined ratio was made up of a 74% loss ratio and a 27.2% expense
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