The Guy Carpenter Global Composite posted a combined ratio of 99.2 percent for the first nine months of 2008, up substantially from the full-year 2007 value of 92.5 percent. This tracks closely with the Guy Carpenter European Composite, which went from 94 percent to 98.2 percent for the same timeframes. The Guy Carpenter Bermuda Composite’s combined ratio showed considerably more volatility, jumping from 85.7 percent at the end of 2007 to 98 percent for the first nine months of 2008.
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