Brit shrinks casualty business in Q3 but other Fairfax units drive global top-line growth

03 November 2023

Brit’s top line shrank by 3% year-on-year in Q3 to $923.5mn, as it wrote less casualty business, although parent Fairfax recorded growth across its other global (re)insurance brands.

According to Fairfax Q3 financials, Brit returned to underwriting profit with a $46.2mn gain that represented a combined ratio of 94.0%.

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