Clarke: Fairfax reserves “very strong” as other lines more than offset Q2 casualty development

Published: Fri 2 Aug 2024

President and COO Peter Clarke has touted Fairfax Financial’s “very strong” reserves after $132mn of Q2 favourable development despite some casualty deterioration, while also revealing that the company’s losses from Hurricane Beryl and the CrowdStrike outage are not “material”.