Fairfax Financial
-
Among the biggest gainers was Fairfax Financial, which jumped by nearly 10 percent.
-
The Allied World and Brit parent draws down $1.8bn from a credit facility to support its (re)insurance operations. -
The Canadian carrier's insurance units are looking to take advantage of a favourable rate environment.
-
The Toronto-based firm reported net earnings of $24.62 per share, beating consensus by a wide margin.
-
A wave of protests last year led to widespread looting and destruction.
-
Paul Rivett said social inflation, interest rates and tightening capacity at Lloyd’s had heightened pressure on underwriters.
-
Robert Opitz joins the Fairfax-owned business after 24 years at Chubb.
-
Ownership will be passed onto a charitable trust in a 100-year plan
-
The Canadian conglomerate will buy out all of Omers minority stake in Brit.
-
Fairfax Financial‘s operating earnings leapt by 35.6 percent in Q2 to $17.18 per share in Q1, as all Fairfax units made an underwriting profit.
-
David Bonham joined Fairfax Financial in 2004.
-
The insurer also reported lower cat losses compared with a year ago.
Most Recent
-
Outlook positive for MGAs despite potential capacity challenges: AM Best
November 21, 2024 -
Las Vegas towing MGA Western Skies weighs strategic options
November 21, 2024 -
Daily Digest: Top news from November 21
November 21, 2024