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”.
U.S. property/casualty reinsurers' combined ratio worsened to 108.8% during the first nine months of this year compared with 96.6% during the same period last year, according to a survey of 19 U.S. reinsurers released Monday by the Reinsurance Assn. of America.
The combined ratio in the first three quarters is attributable to a 79.8% loss ratio and an expense ratio of 29%, the Washington-based trade group said.
Reinsurers have experienced substantial losses due to a series of catastrophes so far this year, particularly in the first half.
The 19 reinsurers wrote more than $20.5 billion in net premiums during the first three quarters, a 12.3% increase compared with the same period of 2010, the RAA said in a statement.
Policyholder surplus fell to $104.9 billion during the nine-month period from $107.5 billion at the end of the first half, but remained higher than the $103.9 billion during the first nine months of 2010.
The 19 participating reinsurers' net income sank 29.7% year over year to $4.4 billion during the first nine months of 2011.