Reinsurance Survey - Ratios Down, Premiums Up

The Reinsurance Association of America has released it First Quarter 2002 report, which concludes that the combined ratio of 30 reinsurers surveyed improved to 101.8% compared to 1Q 2001 results of 106.4%. The survey also found that the group's collective loss ratio was 74.8%, and its expense ratio was 27.0%. As with other segments in the insurance industry, premiums were up sharply to net $7.7 billion in the first quarter, compared to net $6.7 billion for the same time period by a similar group last year. The companies in the survey reported a combined policyholder surplus of $25.3 bill...