Fairfax’s underwriting profit rose 45% despite higher cat loss
Posted On: May. 3, 2021 9:42 AM CSTCanada-based Fairfax Financial Holdings Ltd.’s underwriting profit increased nearly 45% year-on-year to $149 million in the first quarter despite recording $210.8 million in catastrophe losses, Reinsurance News reported. The property and casualty insurer’s gross premiums written reached $5.4 billion, reflecting a 17.3% growth.