Corporate round-up

US reinsurers had 2004 net income of $3.1bn, about the same as a year earlier, on net written premiums of $28.8bn, down 6.1%, according to figures compiled by the Reinsurance Association of America (RAA). In part owing to hurricane losses, the RAA's 26 member companies had a $1.8bn underwriting loss for the year and saw their combined ratio deteriorate to 106.2% from 101.2% in 2003.