Fairfax rates up 7% in 2022, remain above loss costs: Clarke
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Fairfax rates up 7% in 2022, remain above loss costs: Clarke

Farhin Lilywala
February 17, 2023
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Fairfax has achieved around 7% in rate increases in 2022, which is greater than its loss costs, according to the company’s president Peter Clarke.

On a call with analysts, management added that they expect the hard market to continue at least through 2023, as insurers pass on the increased reinsurance costs seen on January 1 through pricing.

CEO

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Farhin Lilywala
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