Fairfax unveils leadership appointment

Property and casualty re/insurance conglomerate  Fairfax Financial Holdings has named Peter Clarke as president of the firm.

Over the past 20 years, Clarke has held the position of vice president, chief operating officer, chief risk officer and chief actuary. He is a member of Fairfax’s executive and investment committees.

Clarke will continue in his role as COO of the company.

Prem Watsa, chairman and chief executive officer of Fairfax, said: “Peter has done an outstanding job for Fairfax in numerous roles over the past two decades, and fully deserves his appointment as our President. In many ways, Peter has been the President of Fairfax for some time now; it just took us a while to realize it. There is no one who represents Fairfax culture any better – smart, hard-working with no ego! I look forward to continuing to work very closely with Peter.”

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