Results of a survey of statutory underwriting results, conducted by the Reinsurance Association of America (RAA) show a group of 32 property/casualty reinsurers wrote $5.9 billion of premiums during the first quarter of 2000. The reinsurers’ combined ratio was 112.4, attributable to a 80.7 percent loss ratio and a 31.7 percent expense ratio.
The combined ratio reported by a similar group of reinsurers in 1999 was 100.1. RAA also released its Global Underwriting Report, containing first quarter experience of 20 organizations. It includes consolidated domestic and foreign experience on a GAAP basis for several of the reporting reinsurers. Both surveys are available on the RAA web site, www.reinsurance.org.
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