Fairfax’s Clarke: OdysseyRe’s Q1 GPW dropped 10.7% on QS non-renewal

Fairfax Financial’s Peter Clarke has commented the reinsurance market is still “strong” and Allied World, Brit and Odyssey Group will continue to grow this business despite OdysseyRe’s gross premiums written (GPW) dropping 10.7 percent in Q1 due to the non-renewal of one quota share deal.