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.
Topics Profit Loss Reinsurance
Was this article valuable?
Here are more articles you may enjoy.
Disney Worker Injured Trying to Stop Runaway Boulder at Indiana Jones Show 
Litigation Funding, Other New Laws in SE States Could Impact Liability Insurance 
Is the AI Boom a Bubble Waiting to Pop? Here’s What History Says 
FBI Involved After Two Florida Injury Lawyers Go Missing From Fishing Trip 
