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22 August 2018News

US reinsurers boost H1 premium, improve combined ratio

A group of 18 US property/casualty reinsurers wrote $30.1 billion of net premiums during the six-months ended June 30, 2018, compared to $22.5 billion for the same period in 2017, according to data released by the Reinsurance Association of America (RAA).

The combined ratio for the group was 96.1 percent, improving from 97.1 percent for the same period in 2017. The combined ratio is attributable to a 70.0 percent loss ratio versus 72.8 percent for the same period in 2017 and a 26.1 percent expense ratio versus 24.3 percent for the same period in 2017.

Renaissance Reinsurance US had the lowest combined ratio among the group in the second quarter of 2018 with 81.2 percent. It was followed by Endurance Assurance with 85.3 percent and Odissey Reinsurance Group with 89.2 percent.

Among the worst performers in the second quarter of 2018 was Everest Reinsurance with a combined ratio of 115.6 percent, SCOR Reinsurance with 107.8 percent and Partner Reinsurance with 105.7 percent.

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