A number of reinsurers struggled with investment losses in the first quarter of 2009. According to statistics from the Reinsurance Association of America (RAA), 19 U.S. property/casualty reinsurers posted a combined net loss of $2.1 billion for the first quarter of what otherwise otherwise would have been a profitable quarter.

Nine of the 19 companies RAA tracked ended the quarter on the positive side of the ledger, while the remaining 10 reported a loss. However, those losses were dwarfed by Berkshire Hathaway's National Indemnity Co., which posted a $2.18 billion first-quarter loss, dragged down in part by $2.64 billion in net realized losses. With policyholders surplus of $24.1 billion, National Indemnity is by far the largest company in the group.

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access