Fairfax Financial Holdings has appointed Peter Clarke to be its new president.
Clarke, the company’s Chief Operating Officer (COO), has also served as the company’s Vice President, Chief Risk Officer, and Chief Actuary.
Alongside his new role as President, he will continue in his current role as COO.
Prem Watsa, Chairman and Chief Executive Officer (CEO) of Fairfax, said: “Peter has done an outstanding job for Fairfax in numerous roles over the past two decades, and fully deserves his appointment as our President.”
“In many ways, Peter has been the President of Fairfax for some time now; it just took us a while to realize it.
“There is no one who represents Fairfax culture any better – smart, hard-working with no ego! I look forward to continuing to work very closely with Peter.”
Fairfax recently announced its fiscal year 2021 result, reporting net earnings of $3,401.1m, compared to 2020’s $218.4m.
