Fairfax Q1 UW gain down 3% on cats despite improved CR at Allied World, Brit and C&F
Underwriting profits at Fairfax Financial fell 3 percent in the first quarter to $314mn as catastrophe losses within the firm’s P&C operations rose 47 percent to $192mn - from $130mn the year before - and the firm’s consolidated combined ratio rose 0.9pts to 94 percent.