US reinsurance – what’s occurred to date in 2022?

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A bunch of US property and casualty reinsurers below the Reinsurance Association of America (RAA) had a complete of $22.7 billion in web written premium in Q1 2022 – up 26.8% from this time final 12 months.

The 17 corporations concerned are American Agricultural Insurance, Axis, EMC, Endurance Assurance, Everest, General Re, Munich Re America, National Indemnity, Odyssey Group, Partner, Renaissance, SCOR US, SiriusPoint American, Swiss Re, Toa, Transatlantic and XL.

National Indemnity led the scoreboard with a major lead at $8.3 billion, adopted by Endurance Assurance with $3.3 billion and Everest with $1.8 billion. However, not each agency skilled a good consequence, with some like EMC and General Re noting some falls.

Meanwhile, RAA additionally discovered that the gross written premium had elevated 15.5% to $27 billion. This strikes the mixed ratio for the group from 98.4% to 95.1% in This fall 2021.

Policyholder surplus additionally edged up from $289 billion in This fall 2021 to $292 billion in Q1 2022.

In one other report from insurance coverage brokerage Aon, a gaggle of twenty-two reinsurers had reported an annual premium enhance of 16% to $134 billion in 2021. The report corresponds to greater than 50% of the worldwide reinsurance premium, Aon stated, exhibiting that the rise in annual premium is constant amongst a number of findings throughout current years.

The RAA’s full quarterly underwriting report will be discovered right here.

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