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


Canada-based property and casualty re/insurance conglomerate Fairfax Financial Holdings is expecting a net loss of approximately $1.4 billion in the first quarter of 2020 due to the COVID-19 pandemic, with nearly $1.5 billion net loss on investments reversing its net gains on investments in 2019.

Fairfax, Loss, Results 2020, Q1, Insurance, Reinsurance, Coronavirus, Casualty, Prem Watsa, Canada

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