Fairfax Financial Holdings Limited announced today that it has reached an agreement with Brit PLC (“Brit” or the “company”) to acquire all of the outstanding shares of Brit (the “Brit Shares”). Brit is a market-leading global Lloyd’s of London specialty insurer and reinsurer.
Fairfax Financial Holdings Limited announces fiscal year 2014 net earnings of $1,633.2 million ($73.01 per diluted share after payment of preferred share dividends) compared to a fiscal year 2013 net loss of $573.4 million ($31.15 net loss per diluted share after payment of preferred share dividends), reflecting net gains on its investment portfolio and improved underwriting results.
Fairfax Financial Holdings Limited announced today that it has entered into an agreement with QBE Management (Ireland) Limited (“QBE”) and its Ukrainian partner to acquire QBE’s insurance operations in Ukraine. The transaction is subject to customary closing conditions, including various regulatory approvals, and is expected to close by the second quarter of 2015.
Fairfax Financial Holdings Limited and Fairfax India Holdings Corporation announced today that the Company has completed its initial public offering of 50,000,000 subordinate voting shares (“Subordinate Voting Shares”) at a price of US$10.00 per share for gross proceeds of US$500 million. The Subordinate Voting Shares will commence trading today on the Toronto Stock Exchange (the “TSX”) under the symbol “FIH”.
Fairfax Financial Holdings Limited will hold a conference call at 8:30 a.m. Eastern Time on Friday, February 13, 2015 to discuss its 2014 year-end results which will be announced after the close of markets on Thursday, February 12 and will be available at that time on its website www.fairfax.ca.
Fairfax Financial Holdings Limited and Fairfax India Holdings Corporation announced today that the Company has filed a final prospectus with the securities regulatory authorities of all provinces and territories in Canada and obtained a receipt therefor in respect of its initial public offering (the “Offering”) of 50,000,000 subordinate voting shares (“Subordinate Voting Shares”) at a price of US$10.00 per Subordinate Voting Shares for gross proceeds of $500 million.
Fairfax Financial Holdings Limited and Fairfax India Holdings Corporation announce that the Company has filed an amended and restated preliminary prospectus (the “preliminaryprospectus”) with the securities regulatory authorities of all provinces and territories in Canada and obtained a receipt therefor in respect of its initial public offering (the “IPO”) of subordinate voting shares (the “Shares”).
Fairfax Financial Holdings Limited announces that it has declared a dividend of US$10.00 per share on its outstanding multiple voting and subordinate voting shares, payable on January 27, 2015 to shareholders of record on January 20, 2015. Applicable Canadian withholding tax will be applied to dividends payable to non-residents of Canada.
Fairfax Financial Holdings Limited has filed a final short form base shelf prospectus with the Canadian securities regulatory authorities.
Fairfax Financial Holdings Limited announced today that it has entered into an agreement with QBE Insurance (Europe) Limited (“QBE”) to acquire QBE’s insurance operations in the Czech Republic, Hungary and Slovakia. The existing businesses and renewal rights of QBE’s operations in the Czech Republic, Hungary and Slovakia are expected to be transferred to Fairfax by the third quarter of 2015, subject to customary closing conditions, including various regulatory approvals.