The property/casualty industry reported robust premium growth and considerably improved underwriting results during the first six months of 2003 over the comparable period of 2002. Driving these results are the benefits derived from compounded annual pricing increases and improved underwriting fundamentals in each of the industry's main sectors: reinsurance, commercial lines and personal lines.
A.M. Best data show that net written premiums rose approximately 12.6% over the comparable period in 2002, while the combined ratio improved by approximately 4.4 points to 99.3 from 103.7 in 2002. Thi...
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