Investment holding company Alleghany Corporation has seen net premiums written for its reinsurance business TransRe decrease 9.1% in the second quarter of 2022.
At the same time net premiums written for H122 decreased 5.9% compared to the same period last year, primarily related to decreases in property lines of business.
Trans Re’s combined ratio for the second quarter was 92.9%, compared to 91.1% from the second quarter of 2021, which primarily reflected the impact of higher commission rates and less favourable prior accident year loss and LAE reserve development.
