Property and casualty insurers in the US swung to a first quarter underwriting loss while National Indemnity Company's retroactive reinsurance deal with AIG dramatically reduced the sector's net income for the period, according to AM Best.
Property and casualty insurers in the US swung to a first quarter underwriting loss while National Indemnity Company's retroactive reinsurance deal with AIG dramatically reduced the sector's net income for the period, according to AM Best.