USA - The market of non life reinsurance at half-mast
According to Reinsurance Association of America (RAA), the American market of non life reinsurance reported a combined ratio of 108.2% in 2017, a year characterized by an exceptionally-high number of claims. Before tax results for the overall market are negative, with deficit amounting to 1.12 billion USD.
Everest Reinsurance Company is the firm that sustained the biggest loss (-592.7 million USD), followed by Munich Re America (-578.9 million USD).
Scor US incurred a loss worth 232.4 million USD whereas Swiss Re America posted pre-tax profits of 130.7 million USD.
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