Fairfax completes internal LPT for Crum & Forster construction portfolio

Fairfax Financial said its specialty carrier Crum & Forster entered into a loss portfolio transfer (LPT) for reserves relating to its construction book with the group’s inhouse US legacy vehicle RiverStone, as it also confirmed the completion of an LPT by Brit with the RiverStone International arm sold to CVC last year.