According to a survey of reinsurers’ statutory underwriting results conducted by the Reinsurance Association of America (RAA), a group of 27 of the leading U.S. property/casualty reinsurers wrote $22.3 billion of net premiums during the three months ended Sept. 30, 2004.
The reinsurers’ combined ratio was 103.8 percent for the three months ended Sept. 30, 2003. The ratio is attributable to a 78.6 percent loss ratio and a 25.2 percent expense ratio.
The reinsurers surveyed were: American Agricultural Insurance Co., American Re-Insurance Corp., AXA Corporate Solutions Reinsurance Co., Axis Reinsurance Co., Berkley Insurance Co., Coverium Reinsurance (NA) Inc., EMC Reinsurance Co., Endurance Reinsurance Corp. of America, Everest Reinsurance Co., Farmers Mutual Hail Insurance Co. of Iowa, Folksamerica Reinsurance Co., GE Insurance Solutions, General Re Group, Insurance Corp. of Hannover, Mapfre Reinsurance Corp., National Indemnity Co., Odyssey America Re./Odyssey Reinsurance, Partner Re U.S., Platinum Underwriting Reinsurance Inc., PXRE Reinsurance Co., QBE Reinsurance Corp., SCOR U.S. Group/SCOR Reinsurance Co., Swiss Reinsurance America Corp., The Toa Reinsurance Co. of America, Transatlantic/Putnam Reinsurance Co., Trenwick America Reinsurance Corp., and XL Reinsurance America Inc.
The survey is available at: www.reinsurance.org.
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