April 16th, 2009

Chart: 2008 Bermuda Composite Combined Ratio

Posted at 12:57 AM ET

bermudacomposite-com-ratio

The Bermuda Composite’s combined ratio increased 9 points to 94.6 percent, staying below 100 percent in 2008 only because of the release of prior year loss reserves. This does reflect deterioration from 2006 and 2007 levels — 84 percent and 85 percent, respectively — but is still a strong performance given industry insured losses and general financial market conditions.

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