Fairfax Financial Holdings Limited announces that, in connection with its previously announced normal course issuer bid effective September 28, 2017, it has entered into an automatic share purchase plan with a designated broker to allow for the purchase of its Subordinate Voting Shares under the NCIB at times when Fairfax normally would not be active in the market due to applicable regulatory restrictions or internal trading black-out periods.
Fairfax Financial Holdings Limited (“Fairfax”) (TSX:FFH)(TSX:FFH.U) announces that its wholly owned subsidiary, FAL Corporation, has sold 12.0% of the shares of ICICI Lombard General Insurance Company Limited (“ICICI Lombard”) for gross proceeds of approximately US$548 million.
Fairfax Financial Holdings Limited announces that the Toronto Stock Exchange has accepted a notice filed by Fairfax of its intention to commence a Normal Course Issuer Bid through the facilities of the TSX (or other alternative Canadian trading systems) for its Subordinate Voting Shares and the following series of its Preferred Shares.
Fairfax Financial Holdings Limited (TSX:FFH)(TSX:FFH.U), recognizing that the severity of the storm which resulted in flooding in Houston and elsewhere in Texas was unprecedented, is donating US$1 million to organizations, primarily the American Red Cross, providing relief from Hurricane Harvey.
Fairfax Financial Holdings Limited (“Fairfax”) (TSX:FFH)(FFH.U) announces that it has declared the following quarterly dividends per share on its preferred shares:
Fairfax Financial Holdings Limited (“Fairfax”) (TSX:FFH)(TSX:FFH.U) and Mitsui Sumitomo Insurance Company Limited of Tokyo, Japan (“Mitsui Sumitomo”), a subsidiary of MS&AD Insurance Group Holdings, Inc. (a Tokyo Stock Exchange listed company) announce that they have entered into a binding agreement to pursue a global strategic alliance.
Fairfax Financial Holdings Limited (TSX:FFH) (TSX:FFH.U) announces net earnings of $311.6 million ($12.67 net earnings per diluted share after payment of preferred share dividends) in the second quarter of 2017 compared to net earnings of $238.7 million ($9.58 net earnings per diluted share after payment of preferred share dividends) in the second quarter of 2016.
Fairfax Financial Holdings Limited (TSX:FFH)(TSX:FFH.U) will hold a conference call at 8:30 a.m. Eastern Time on Friday, August 4, 2017 to discuss its 2017 second quarter results which will be announced after the close of markets on Thursday, August 3 and will be available at that time on its website www.fairfax.ca.
Fairfax Financial Holdings Limited and Allied World Assurance Company Holdings, AG announce the successful completion of the acquisition of Allied World and closing of the exchange offer by Fairfax Financial Holdings (Switzerland) GmbH (the “Purchaser”), an indirect subsidiary of Fairfax, for all of the issued and outstanding ordinary shares of Allied World.
Fairfax Financial Holdings Limited and Allied World Assurance Company Holdings, AG would like to remind Allied World shareholders that Fairfax’s offer to acquire all of the outstanding registered ordinary shares of Allied World is set to expire today at 5 p.m. (New York City time).