Fairfax rates up 7% in 2022, remain above loss costs: Clarke
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn

© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.


Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Cookies Settings

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

Farhin Lilywala
February 17, 2023
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
fairfax-financial-logo-toronto.jpg

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

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Login now

Topics

NewsResultsFairfax FinancialEarnings
farhin lilywala/farhin lilywala ii us.png
Farhin Lilywala
Section Editor, Distribution & Specialty
Contact
Gift this article