Eurolife ERB insurance News

Canada’s Fairfax Financial to Raise $536.4M to Fund Larger Stakes in 2 Insurers

Fairfax Financial Holdings said on Monday it plans to raise C$735 million ($536.42 million) through an equity issuance, to fund its acquisition of interests in Eurolife ERB Insurance Group Holdings and ICICI Lombard General Insurance Co. The offering of one …

Greece’s Eurobank to Sell 80% Stake in Insurance Unit to Fairfax for $345 Million

Greece’s third-largest lender Eurobank agreed to sell an 80 percent stake in its Eurolife ERB insurance subsidiary to Canada’s Fairfax Financial Holdings Ltd for €316 million ($345 million) on Tuesday, deepening ties between the two firms. Toronto-based investment holding firm …