Fairfax Financial’s P&C rates ‘fairly good’, trending above loss costs: COO Clarke
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

Fairfax Financial’s P&C rates ‘fairly good’, trending above loss costs: COO Clarke

Shelby Rosenberg
August 04, 2023
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
fairfax-financial-logo-toronto.jpg

Aggregate rates for property and casualty are in the 6% to 6.5% range, putting them above loss costs, Fairfax Financial COO Peter Clarke told analysts on the company’s Q2 earnings call Friday.

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” as there is ongoing development in the 2014 to 2018 accident years.

“It's

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? Log in now

Topics

NewsResultsFairfax FinancialEarnings
shelby rosenberg/shelby rosenberg ii us.png
Shelby Rosenberg
Reporter
Contact
Gift this article