Fairfax Q1 CoR up 0.9 points to 94% as cat losses rise to $191.9mn

May 11, 2023

Canadian group Fairfax Financial’s combined ratio rose 0.9 points to 94% in the first quarter as higher underwriting income in global and international (re)insurance results was offset by a decline in North American insurers' profits.

The conglomerate posted Q1 cat losses of $191.9mn, or 3.7 points on its CoR, up from $130.2mn in the prior-year period.

The

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