Net premium falls $3.1bn for US reinsurers
A group of 20 US property-casualty reinsurers wrote $22.7bn in net premium in 2007 marking a decrease of $3.1bn from the previous year, according to the Reinsurance Association of America annual underwriting report.
Combined ratio improved slightly, rising to 94.7% from 94.9% in 2006. This was attributable to a 65.0% loss ratio and an expense ratio of 29.7 %.
For the same period in 2006, the loss ratio was 67.1%
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