US reinsurers hit by claims
The Reinsurance Association of America says its group of 19 US property and casualty reinsurers wrote $13.8bn of net premiums during the six months ended June 30, 2011, an increase from the $12.3bn written in the first six months of 2010
The combined ratio for the group was 116.2%, deteriorating from the 98.7% reported for the same period in 2010. The combined ratio is attributable to a 87.2% loss ratio and an expense ratio of 29.0%
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