Fairfax profits shrink due to $308mn COVID-19 hit and Brit

Fairfax Financial Holdings, the property and casualty re/insurance conglomerate which includes OdysseyRe, Allied World and Brit, posted a fall in profits for the second quarter and first half of 2020 driven by $308 million COVID-19 losses and 114.9 percent combined ratio of its subsidiary Brit.

The rest of this article is locked. Please login to continue reading.

If you don't have a login, you will need to purchase a subscription to gain access to this article, and all the other content. Please use this link and follow the steps.

To take out a free two week trial, use the same link but select the 'trial' option in the dropdown box.

For multi-user price options, or to check if your company has an existing subscription we can add you into, please email Elliot at efield@newtonmedia.co.uk

Fairfax Financial Holdings, 2020 results, GWP, Insurance, Reinsurance, Property & Casualty, Canada, Prem Watsa, North America

More on this story

Fairfax reports strong underwriting performance for re/insurance businesses in preliminary results
15-04-2021

Brit dents Fairfax results as combined ratio soars to 112.6% on cat and COVID-19 losses in 2020
12-02-2021

Fairfax sells $375m stake in Lloyd’s re/insurer Brit to OMERS
12-02-2021

Prem Watsa's Fairfax offloads RiverStone Europe in $750m deal
02-12-2020

Fairfax swings to $1.3bn net loss despite strong underwriting performance
01-05-2020

Fairfax warns of $1.4bn net loss in Q1 as 'sudden shock' of COVID-19 wipes out investment gains
15-04-2020

Fairfax profits shrink due to $308m COVID-19 hit and Brit, but GPW soars

More on this story

Other related

More on this story

Sign up for the newsletter