GENAC reports 17% decrease in six months net profits
Rochelle Muncey2020-08-17T20:28:38-05:00August 17, 2020 GENAC for the six months ended June 30, 2020, reported Gross premium written of $6.21 billion, 5% lower than the $6.56 billion reported for 2020. Reinsurance ceded fell 11% to close at $4.84 billion relative to $5.45 billion booked in 2019. Excess of loss reinsurance trended upwards by 16% to $78.64 million