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International

Reinsurers’ combined ratio improves despite high cat losses

September 29, 2021 Reprints

Aon PLC’s Reinsurance Aggregate report said that reinsurers’ combined ratio improved from 104.4% in 2020 to 94% in the first half of 2021 despite natural catastrophe losses that more than doubled to $4.9 billion this year, Reinsurance News reported. The report said that steady rate increases over the past few years helped offset COVID-19 losses and reduced reinsurers’ aggregate loss ratio.

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Reinsurers’ combined ratio improves despite high cat losses

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