WASHINGTON–The reinsurance industry's vital signs are showing vast improvement over 2005′s disastrous, catastrophe-marred results, according to statistics released today by the Reinsurance Association of America
The group noted a combined ratio of 95.4 for the first nine months of 2006, compared to 124.1 for the same period a year earlier.
The RAA said the data reflects the result of 23 reinsurers that are members of the RAA, representing nearly two thirds of the gross reinsurance coverage provided by U.S. reinsurance companies and affiliates written by the U.S. industry.
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