Fairfax Financial
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The ratings agency cited enhanced scale and diversification through organic growth. -
The Insurance Insider US news team runs you through the earnings results for the day.
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Major insurance industry groups and companies have recently pressed lawmakers to include the provision.
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The Canadian conglomerate’s total cat losses in Q1 reached $781mn, including $692.1mn from the fires.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Debbie Chalkley has been appointed CFO of Fairfax India.
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The executive told analysts Fairfax has no plans of walking away from its current cat position.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Brian Young is now Fairfax president, while Carl Overy is Odyssey CEO.
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The company has been buying out Omers’ shares since 2015.
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The company has grown its premium base by 12% annually over the last five years.
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The Insurance Insider US news team runs you through the earnings results for the day.
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A quick roundup of today’s need-to-know news, including CrowdStrike and Slide’s IPO.
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The company recorded an undiscounted CoR of 93.9% in Q2.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Analysis of 2023 statutory data shows that Californian insurers are leaning more heavily on reinsurers but at a nationwide level, premium cessions were more stable.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The activist investor has accused Fairfax of “pulling levers” to produce “paper profits”.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The short seller has accused the company of manipulating asset values.
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The company will hold its Q4 earnings call on Friday February 16.
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The deal was announced in April, whereby the firm agreed to purchase a further 46% stake to take its shareholding to 90%.
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The Inside P&C news team runs you through the earnings results for the day.
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The COO noted that despite being able to get rate in excess of inflation, particularly social inflation, the carrier is watching casualty lines “very closely”.
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The upgrade reflects improvements in C&F’s financials and those of parent company Fairfax.
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The Inside P&C news team runs you through the earnings results for the day.
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Earlier this week, this publication revealed that the firm parted ways with treaty VP and former TransRe executive Humberto Contasta.
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The executive joined the reinsurer a year ago after over 14 years at TransRe, where he held various property treaty positions.
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Its long-term issue credit ratings was upgraded to “aa-“ (superior). The changes were made in recognition of the parent company’s improved financials.
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Based in Stamford, Connecticut, the executive will oversee the carrier’s cyber fac and treaty operations reporting to NA CEO Brian Quinn.
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The conglomerate said its cat losses for the first quarter this year were driven by exposure to the recent earthquake in Turkey.
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With the deal, the Canadian conglomerate will boost its ownership interest in the Middle East carrier to 90%.
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Carl Overy will become CEO of Odyssey’s global reinsurance business, as Brian Young takes on broader Fairfax responsibilities.
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Executives were speaking after Fairfax reported a headline combined ratio of 90.9%, an increase of 2.8 points year over year.
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The company's GWP growth slowed further in the fourth quarter of 2022, increasing roughly 7.4% year-over-year to $7.0bn.
