Fairfax

Fairfax (re)insurance units deliver 29% profit boost

Fairfax (re)insurance units deliver 29% profit boost

Fairfax’s (re)insurance businesses, which include Allied World and Brit, saw second quarter operating income increase by 28.7 percent to $237.3mn.

Brit exits aviation and international PI as underwriting slips in H1

Brit exits aviation and international PI as underwriting slips in H1

Fairfax-owned carrier Brit stopped underwriting international professional indemnity and general aviation in the first six months of the year as modest rates increases failed to deliver the anticipated boost to profits.

Lloyd’s crack down set to result in Advent run-off

Lloyd’s crack down set to result in Advent run-off

Lloyd’s determination to close down underperforming classes of business or even syndicates has been highlighted today with the news that the loss-making Lloyd’s insurer Advent Capital Holdings is likely to go into run-off following a strategic review.

Allied World deal bolsters Fairfax GWP as underwriting profit stays flat

Allied World deal bolsters Fairfax GWP as underwriting profit stays flat

Canadian investment giant Fairfax, which owns the likes of Brit and OdysseyRe, saw premiums climb by 50.7 percent in the first quarter driven by its acquisition of Allied World.

Brit posts 112 percent combined ratio for 2017

Brit posts 112 percent combined ratio for 2017

Fairfax’s Brit Insurance eked out a small post-tax profit of $21.5mn for the full year 2017 despite the enervating effects of last year which culminated in a combined ratio of 112.4 percent.

<
1
2
3
4
5
6
>