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    Stephen Boland • Raymond James

    Stephen Boland's questions to Fairfax Financial Holdings Ltd (FRFHF) leadership

    Stephen Boland's questions to Fairfax Financial Holdings Ltd (FRFHF) leadership • Q1 2025

    Question

    Stephen Boland asked whether the significant losses from the California wildfires would prompt Fairfax to reconsider its reinsurance coverage strategy.

    Answer

    Peter Clarke, President and COO, stated that the wildfire loss, though significant, was within the company's risk appetite. He explained that Fairfax prefers to take its catastrophe exposure on the reinsurance side for better control and measurement. Clarke highlighted that the ability to still post an underwriting profit demonstrates the strength and scale of their global insurance operations.

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    Stephen Boland's questions to Fairfax Financial Holdings Ltd (FRFHF) leadership • Q1 2025

    Question

    Stephen Boland asked if the significant losses from the California wildfires would prompt Fairfax to reconsider its reinsurance coverage strategy.

    Answer

    Peter Clarke, President and COO, explained that the loss, while from a significant event, was within the company's risk appetite and expected range. He emphasized that Fairfax prefers to take its catastrophe exposure on the reinsurance side, which it finds easier to control. He noted that still producing an underwriting profit demonstrates the strength and scale of their global operations.

    Ask Fintool Equity Research AI