US P&C reinsurers record 2017 combined ratio of 108.2%

Reinsurers in the US recorded a combined ratio of 108.2 percent in 2017, according to the latest underwriting report by the Reinsurance Association of America (RAA).

The pre-tax loss of the group included in the report was $1.12 billion.

The worst hit was Everest Reinsurance Company with a pre-tax loss of $592.7 million, followed by Munich Re America with a pre-tax income loss of $578.9 million in 2017.

SCOR recorded a pre-tax loss of $232.4 million while Swiss Reinsurance America made a pre-tax profit of $130.7 million.

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