Fairfax Financial
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The activist investor has accused Fairfax of “pulling levers” to produce “paper profits”.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The short seller has accused the company of manipulating asset values.
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The company will hold its Q4 earnings call on Friday February 16.
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The deal was announced in April, whereby the firm agreed to purchase a further 46% stake to take its shareholding to 90%.
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The Inside P&C news team runs you through the earnings results for the day.
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The COO noted that despite being able to get rate in excess of inflation, particularly social inflation, the carrier is watching casualty lines “very closely”.
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The upgrade reflects improvements in C&F’s financials and those of parent company Fairfax.
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The Inside P&C news team runs you through the earnings results for the day.
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Earlier this week, this publication revealed that the firm parted ways with treaty VP and former TransRe executive Humberto Contasta.
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The executive joined the reinsurer a year ago after over 14 years at TransRe, where he held various property treaty positions.
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Its long-term issue credit ratings was upgraded to “aa-“ (superior). The changes were made in recognition of the parent company’s improved financials.