Fairfax’s Clarke: Brit’s Q1 “one of its best quarterly results since our acquisition”

Fairfax’s Peter Clarke has praised Brit’s 30.5 percent growth in gross premiums written in Q1, adding the Lloyd’s insurer’s 92 percent combined ratio was “one of its best quarterly results since our acquisition” in 2015, while the Canadian holding company also revealed it put up IBNR up of $30mn for Russia-Ukraine losses.