U.S. reinsurers’ COR rises slightly

According to a recent survey of reinsurers’ statutory underwriting results, a group of 24 property-casualty reinsurers wrote US$6.6 billion of net premiums during the three months ended March 31, 2006.

The report, conducted by the Reinsurance Association of America (RAA), indicates that the reinsurers’ combined ratio was 98.4%, a sight increase over the combined ratio of 93.9% reported by a similar group of reinsurers for the same period last year.

The ratio is attributable to a 70.4% loss ratio and a 28.1% expense ratio.