BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

Property/casualty reinsurers suffer big drop in net premiums


The group of 18 U. S. property/casualty reinsurers included in a survey of reinsurers’ statutory underwriting results conducted by the Reinsurance Association of America wrote $9.7 billion of net premiums during the three months ended March 31, 2015, down 49.2% from the year ago period, the association l.c. said in a statement today.

National Indemnity Co. was responsible for the bulk of the drop as its net written premiums dropped 67% to $4.62 billion from first quarter 2104.

The change in premium volume is mostly due to the one time consideration of a loss portfolio contract with the affiliates of Geico Group which was booked in first quarter 2014.

The combined ratio for the group improved to 90.5% from the 93.9% reported in the year-ago period.

The Washington-based association l.c. reported that policyholders’ surplus was $131.8 billion compared to $141.8 billion reported in the fourth quarter of 2014.

Read Next