Reinsurers' H1 2020 Earnings Recover From Q1 Market Volatility, But Underwriting Results Are Under Pressure
The majority of property and casualty reinsurance providers have reported half year results for2020, and it is apparent that many have recovered from the effects of the financial market's volatility
that followed the lockdown of global economies in the first quarter of the year due to the Coronavirus
Disease (COVID-19) pandemic.
Fairfax Financial Holdings is a financial services holding company. Through its subsidiaries, Co. is engaged in property and casualty insurance and reinsurance and investment management. Co.'s insurance and reinsurance companies operate on a decentralized basis, with autonomous management teams applying a focused underwriting strategy to their markets. Co.'s investments are centrally managed for all the Co.'s group of companies by Hamblin Watsa Investment Counsel Ltd. Co. operates four main operating segments: Insurance, Reinsurance, Reinsurance and Insurance - Other, and Runoff.
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