RAA half-year combined ratio plunges to 90%
Reinsurance Association of America (RAA) results showed its membership produced a collective combined ratio of 90.0%, compared to a 96.5% in the first half of 2006.
The RAA, whose membership comprises 22 US-domiciled property/casualty reinsurers, explained the combined ratio is attributable to a 62.8 % loss ratio and an expense ratio of 27.2%.
The RAA’s members
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