US property/casualty reinsurers see growth
A group of major US property/casualty reinsurers had total policy surplus of $142.9 billion in Q2 2014, according to the Reinsurance Association of America.
The financial results of 18 reinsurers, including National Indemnity Co and Munich Re America, revealed that their total policy surplus had beaten Q1 2014 by almost $3 billion.
Their total policy surplus was also up on the same quarter in 2013, beating it by $15.9 billion.
The reinsurers’ combined ratio—covering losses and expenses—reached 92.3 percent in Q2 2014, which was 1.6 percent down on the previous quarter’s 93.9 percent.
