Fairfax posts $108mn Q2 underwriting profit

Underwriting profits at Fairfax Financial jumped 31.7 percent in
the second quarter to $108.4mn, as the company reported diluted
earnings per share of $12.67.
The combined ratio for the company's (re)insurance
operations was 94.9 percent, an improvement on the 95.7 percent
posted in the same period last year.
London market carrier Brit posted a 2.9 percentage point
improvement in its combined ratio to 97.0 percent, while
OdysseyRe's combined ratio narrowed by 3.9 points to 90.5
percent.
But Fair