RAA: US reinsurers’ combined ratio ticks up to 101.4% in 2020
The Reinsurance Association of America (RAA)’s 17 members saw their collective combined ratio tick up to 101.4 percent in 2020 as increased losses took their toll, while the group’s net premiums written (NPW) for the period jumped up by almost 13 percent compared with 2019 to over $65bn.