Canada’s Fairfax Completes $860M Acquisition of Gulf Insurance Group from KIPCO December 27, 2023 Fairfax Financial Holdings Ltd. announced it has completed the US$860 million acquisition of Gulf Insurance Group (GIG) from Kuwait Projects...
Top Cyber Insurers: 2022 Ranking Reveals Sprinters, Market Share Shifts May 17, 2023 In a year when cyber insurers notched the third-lowest industrywide loss ratio since 2015, and cyber premiums vaulted to $7.2...
Fairfax Financial’s Ratings Unaffected by Move to Buy Gulf Insurance Group: DBRS April 24, 2023 Toronto-based Fairfax Financial Holdings Ltd.’s ratings are unaffected following last week’s announcement it has entered into a definitive agreement to...
Fairfax-Backed Digit Insurance Targets $5B in India IPO Valuation: Sources May 25, 2022 By M. Sriram India’s Digit Insurance, backed by Canadian billionaire Prem Watsa’s Fairfax Group, is considering raising about $500 million in an initial...
Rapid Cyber Premium Growth by Fairfax, Tokio Marine Increased Share of Market May 9, 2022 By Chad Hemenway The top cyber insurance carriers in 2021 shifted to include Fairfax Financial Holdings and Tokio Marine U.S. as the marketplace...
People Moves: Fairfax Financial Promotes Clarke to President; AXA XL Names Lee as Head of Claims, Canada; Zurich’s Price Joins SiriusPoint as Head of Travel A&H February 14, 2022 This edition of International People Moves details appointments at Fairfax Financial Holdings, AXA XL and SiriusPoint Ltd. A summary of...
Fairfax Completes Sale of Stake in Subsidiary Odyssey Group for US$900M December 16, 2021 Fairfax Financial Holdings Ltd. announced the completion of the previously announced sale of a minority stake in Fairfax’s subsidiary, Odyssey...
CEO Watsa Buys US$149M of ‘Ridiculously Cheap’ Fairfax Shares June 16, 2020 Fairfax Financial Holdings Ltd. announced that Prem Watsa, its chair and CEO, has purchased in the market 482,600 subordinate voting...
UK Insurer Brit and Google Collaborate to Launch 1st Fully Digital Lloyd’s Syndicate May 13, 2020 Brit Ltd. announced plans to launch Ki, the first fully digital and algorithmically driven Lloyd’s syndicate, in collaboration with Google...
Fairfax Financial Appoints Allen as CFO August 9, 2019 Fairfax Financial Holdings announced that Jennifer Allen has been appointed chief financial officer. John Varnell, who was previously serving as...