US reinsurers report worsening COR
The Reinsurance Association of America has reported that 19 US property-casualty reinsurers wrote $18.3bn of net premiums during the nine-months ended 30 September 2010 compared to $18.7bn for the same period in 2009.
The combined ratio for the group was 96.6%, deteriorating from a 95.1% combined ratio reported for the same period in 2009. The combined ratio is attributable to a 66.8% loss ratio and an expense
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