Fairfax Announces Sale of RiverStone Europe to Private Equity Firm CVC December 2, 2020 Fairfax Financial Holdings Ltd. announced it has entered into a binding agreement with CVC Capital Partners (CVC) to sell all...
AXA Sells Persian Gulf Business for $269 Million to Kuwaiti-Based Group November 30, 2020 By Nicolas Parasie AXA SA sold its Persian Gulf business for $269 million to a Kuwait-based group, as the French insurance giant shifts...
Canada Pension Fund OMERS to Buy Stake in Fairfax Run-off Unit, RiverStone UK December 20, 2019 Fairfax Financial Holdings Ltd. and OMERS, the pension plan for Ontario’s municipal employees, announced they have entered into an agreement...
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...
Fairfax Announces Death of CFO Bonham; Varnell Named Interim CFO May 22, 2019 Fairfax Financial Holdings Ltd. announced that, David Bonham, vice president and chief financial officer of Fairfax, died suddenly this past...
Odyssey’s Newline Group Opens Unit in Canada with Focus on SMEs March 14, 2018 Newline Group announced the launch of its new service company, Newline Canada Insurance Ltd., based in Toronto. Newline Group is...
Fairfax Financial Sells Singapore Insurer to Mitsui Sumitomo for $1.6B December 29, 2017 Fairfax Financial Holdings said it has successfully sold a Singapore insurer to Japan’s Mitsui Sumitomo Insurance Co. for US$1.6 billion.The...
Mitsui Sumitomo Buys Singapore’s First Capital Insurance from Fairfax for $1.6B August 24, 2017 By Anshuman Daga and Naomi Tajitsu Mitsui Sumitomo Insurance Company (MSI) is acquiring Singapore’s First Capital Insurance for $1.6 billion from Canada’s Fairfax Financial Holdings, in...
Fairfax Plans to Sell 12.2% Stake in India’s ICICI Lombard May 30, 2017 Canada’s Fairfax Financial Holdings plans to sell a 12.2 percent stake in its Indian joint venture insurer ICICI Lombard in...
Soft Reinsurance Prices to Continue Until Year-End – at Least: Fitch May 16, 2017 The soft pricing in the global reinsurance market will continue, at least, for the rest of the year, Fitch Ratings...