Reinsurance News
Fairfax
Ki sees profit rise by 50% in first year as standalone company
2nd March 2026
Algorithmic Lloyd’s digital follow platform, Ki, has delivered record results for the full year 2025, as profit after tax grew by 50% to $110.4 million compared to $73.6 million in FY’24. Ki’s total gross managed premium (GMP) for FY’25 hit $1.11 billion, an increase of 6.9% compared to $1.04 billion in ... Read the full article
Record underwriting profit in 2025 drives best ever year for Fairfax Financial
20th February 2026
Fairfax Financial has revealed that all of its major insurance and reinsurance segments achieved combined ratios below 100% in 2025 for a consolidated combined ratio of 93% and record underwriting profit of $1.8 billion. Prem Watsa, Chairman and Chief Executive Officer of Fairfax, hailed 2025 as the strongest year in the ... Read the full article
Strong underwriting drives Fairfax Q3’25 net earnings, CoR improves to 92.0%
7th November 2025
Fairfax Financial Holdings Limited has announced its financial result for the third quarter of 2025, reporting net earnings of $1,151.7 million, increasing from the $1,030.8 million net earnings reported in the same period last year. This increase in net earnings reflects the company’s higher adjusted operating income from its property and ... Read the full article
Fairfax sells interest in Eurolife’s life insurance business for €813m
15th October 2025
Fairfax Financial Holdings has signed a term sheet with Eurobank Ergasias Services and Holdings S.A. under which Eurobank or one of its affiliates will acquire Fairfax’s 80% stake in the life insurance business of Eurolife FFH Insurance Group Holdings S.A. for a cash consideration of €813 million. Following the transaction, Eurolife’s ... Read the full article
AM Best revises Issuer Credit Rating outlook to positive for Singapore Re
23rd September 2025
AM Best has revised Singapore Re’s outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed its rating of “a” (Excellent). The agency also affirmed the company’s Financial Strength Rating (FSR) of A (Excellent), with a stable outlook. These ratings reflect Singapore Re’s balance sheet strength, considered ... Read the full article
Fairfax reports Q2’25 net income increase with improved 93.3% CoR
1st August 2025
Fairfax Financial Holdings Limited has announced its financial result for the second half of 2025, reporting net earnings of $1,436.7 million, increasing from the $1,055.8 million net earnings reported in the same period last year. According to the firm, the increase in Q2 2025’s earnings primarily reflects increased net gains on ... Read the full article
AM Best upgrades credit ratings of Fairfax and Allied World Assurance
23rd May 2025
Credit rating agency AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a-” (Excellent) from “bbb+” (Good) and the Long-Term Issue Credit Ratings (Long-Term IR) on the unsecured debt and preferred equity of Canadian financial holding company, Fairfax Financial Holdings Limited. Additionally, the company’s subsidiaries, Fairfax (US) Inc. ... Read the full article
Fairfax Q1’25 net earnings reach $945.7m despite increased cat losses
2nd May 2025
In their financial results for the first quarter of 2025, Fairfax Financial Holdings has reported net earnings of $945.7 million, which compares to the $776.5 million seen in the first quarter of 2024. The company attributed its strong performance mainly to increased net gains on investments, partially offset by decreased adjusted ... Read the full article
Amy Sherk named Fairfax CFO as Debbie Chalkley takes on India role
10th March 2025
Property and casualty re/insurance holding company, Fairfax India Holdings Corporation, has appointed Debbie Chalkley as the Chief Financial Officer (CFO) of Fairfax India, taking over from Amy Sherk, who has been named CFO of Fairfax, the controlling shareholder of Fairfax India, effective today. Sherk will remain a Vice President of Fairfax ... Read the full article
Fairfax sees record underwriting profit of $1.8bn in 2024
14th February 2025
Fairfax Financial Holdings' consolidated undiscounted combined ratio for its property and casualty insurance and reinsurance operations improved to 92.7% in 2024, resulting in a record underwriting profit of $1.79 billion, despite absorbing higher catastrophe losses of $1.01 billion. This compares to an undiscounted combined ratio of 93.2% and an underwriting profit ... Read the full article
Ki to operate as standalone company within Fairfax Group
24th January 2025
Algorithmic Lloyd’s digital follow platform Ki has completed its separation from its parent company to become a standalone within the Fairfax Group. As a standalone company, Ki will reportedly continue to focus on becoming the market-leading digital and data-led specialty insurance business. According to Ki, the change to corporate structure and operations ... Read the full article
Brian Young takes over as President of Fairfax Insurance, Carl Overy now CEO of Odyssey
3rd January 2025
Canadian financial holding company, Fairfax Financial Holdings Limited, has appointed Brian Young as President of Fairfax Insurance Group, with Carl Overy taking over as Chief Executive Officer (CEO) of Odyssey Group, effective January 1st, 2025. Young, who joined Odyssey in 1996 and served as its CEO since 2011, assumes the role ... Read the full article
Fairfax acquires OMERS’ Brit investment for $383m
16th December 2024
Canadian financial holding company Fairfax Financial Holdings Limited has increased its ownership interest in specialist insurer Brit Limited to 100% from 86.2%. This was done by acquiring the interest of OMERS, the pension plan for Ontario’s municipal employees, for a cash consideration of approximately $383 million. Fairfax, through its subsidiaries, is primarily ... Read the full article
Ki to operate as a standalone business within Fairfax Group
12th December 2024
Ki will operate as a standalone company within the Fairfax Group starting January 1, 2025, according to an announcement by Brit Ltd., a global specialty re/insurer and a subsidiary of Fairfax Financial Holdings Limited. Ki was incubated and launched by Brit in 2020 and began writing business on January 1st, 2021 ... Read the full article
Aon, DFC to provide $50m in war insurance for Ukrainian businesses
15th November 2024
The U.S. International Development Finance Corporation (DFC) will provide $50 million, in coordination with Aon, in political risk insurance (PRI) for a new reinsurance facility to ARX, an Ukrainian subsidiary of Fairfax Financial Holdings Limited, to support companies in Ukraine. This initiative aims to establish a range of war risk insurance ... Read the full article
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