2006 Annual Global Reinsurance report.In 2005, property/casualty reinsurers endured the largest insurable in·sure v. in·sured, in·sur·ing, in·sures v.tr. 1. a. To provide or arrange insurance for: a company that insures homeowners and businesses. b. event in history in the aggregate losses from hurricanes Katrina KATRINA Keeping All the Resources in New Orleans Alive KATRINA Krewe Aiding Trash Removal In the New Orleans Area , Rita and Wilma. The U.S. hurricane season Hurricane season refers to a period in a year when hurricanes usually form. For more information see: Tropical cyclone#Times of formation. For a lists of past seasons, see:
insured n. property losses in the year, with global reinsurers absorbing ab·sorb tr.v. ab·sorbed, ab·sorb·ing, ab·sorbs 1. To take (something) in through or as through pores or interstices. 2. To occupy the full attention, interest, or time of; engross. approximately ap·prox·i·mate adj. 1. Almost exact or correct: the approximate time of the accident. 2. 60% of the U.S. losses. [GRAPHIC OMITTED] Segment Underwriting Details--U.S. Reinsurance Category 2004% 2005% 2005(N) % Net Premiums Written Growth -3.1 -28.0 -6.9 Pure Loss Ratio 72.0 99.8 98.7 Loss Adjustment Expense Ratio 8.3 12.3 10.6 Underwriting Expense Ratio 26.5 32.7 25.3 Policyholder Dividend Ratio 0.0 0.0 0.0 Combined Ratio (Reported) 106.7 144.8 134.6 Less : Catastrophe Losses 8.3 34.6 26.8 Less : A&E Losses 2.2 -1.0 3.3 CY Combined Ratio (Normalized) 96.2 111.2 104.5 Less : Core Loss Reserve Dev. 7.9 1.2 17.4 AY Combined Ratio (Normalized) 88.3 110.0 87.1 (N) Normalized for American Re loss portfolio transfer. Source: A.M. Best Co. Leading U.S. Life Reinsurers by Premium Nonaffiliated Business--2005 Company AMB# $ Billions RGA Reinsurance Company 09080 6,434.0 London Life Reinsurance Company 60237 2,142.7 Munich American Reassurance Company 06746 1,835.9 Lincoln National Life Insurance Co 06664 1,776.5 Scottish Re (U.S.) Inc 08785 1,646.3 Swiss Re Life & Health America Inc 07283 1,498.5 Security Life of Denver Insurance Co * 07029 1,374.4 Transamerica Occidental Life Ins Co 06848 1,329.6 General Re Life Corporation 06234 1,138.6 Transamerica Financial Life Insurance Co 07267 829.2 * Life reinsurer business acquired by Scottish Re year end 2004. Note: Assumed premium includes annuity business. Source: AM Best Co--Schedule S. |
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