Realised gains lift US reinsurers’ 9mo income
THE 19 member companies of the Reinsurance Association of America (RAA) had combined net income of $6.27bn for the first nine months of the year, more than four times the year-earlier $1.33bn, largely reflecting a swing to $2.71bn in realised capital gains from year-earlier losses of $2.52bn, according to figures released by the RAA.