Fairfax Q1 UW gain down 3% on cats despite improved CR at Allied World, Brit and C&FUnderwriting 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.
Crum & Forster acquires medical stop loss specialist Partners MGUCrum & Forster Accident & Health has acquired medical stop loss insurance agency Partners Managing General Underwriters (PMGU), which the Fairfax subsidiary said is the latest move in expanding its position in the self-insured marketplace.
USI and Crum & Forster partner on cyber program for law firmsUSI Affinity and the American Bar Association (ABA) have announced a new partnership with Crum & Forster to offer a cyber liability insurance program for US law firms.
Programs exec Dresner leaves Crum & ForsterCrum & Forster’s senior vice president of affiliates, partnerships and programs Steve Dresner has left the US specialty insurer, The Insurer can reveal.