Fairfax Financial Holdings Ltd. (TSX:FFH) said Friday that it has named Paul Rivett as president of the company.

Rivett has held a number of jobs at Fairfax over the past 10 years including chief legal officer and vice-president, operations.

He will continue in his role as chief operating officer at Hamblin Watsa Investment Counsel.

Prem Watsa, chairman and CEO of Fairfax, commented, “Paul has done an outstanding job for Fairfax in numerous roles over the past decade, and will now have increased responsibility for our operations. I look forward to continuing to work very closely with Paul. Andy Barnard, who oversees Fairfax’s insurance and reinsurance operations as president of Fairfax Insurance Group, will continue reporting directly to me.”

Fairfax is a Toronto-based property and casualty insurance and reinsurance company with holdings across Canada and the United States.