Brit’s cat losses approaching aggregate treaty cover: Fairfax
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Brit’s cat losses approaching aggregate treaty cover: Fairfax

Jairo Ibarra
November 08, 2021
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Brit’s catastrophe losses are approaching the retention for the insurer’s aggregate treaty cover after a strong cat season, according to Fairfax’s CEO Prem Watsa and COO Peter Clarke.

Brit “didn't get any benefit from their cat reinsurance program,” Clarke told analysts during the Q3 earnings call, appearing to refer to both the company’s aggregate and occurrence treaties.

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Topics

Property treaty Fairfax Financial News Catastrophe losses
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Jairo Ibarra
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