Funds give firm increased flexibility, Watsa says
Notes to pay 7.5% per year
Notes to pay 7.5% per year
Insurance and reinsurance operations rebound
Fairfax Financial Holdings Ltd. said Thursday that the New York Regional Office of the Securities and Exchange Commission has completed its investigation of the company, and does not intend to recommend any enforcement action.“We were gratified to learn that the SEC staff does not intend to recommend any enforcement action against Fairfax,” said Prem Watsa, […]
Financial services holding company Fairfax Financial has agreed to increase its investment in The Brick Group Income Fund, Fairfax said Monday.Under a private placement, Fairfax, which is one of the Brick’s largest shareholders, will boost its acquisition of debt units to be issued by the Brick by $5 million to a total of $45 million. […]
Investment losses overshadow increased underwriting profit
Despite a hit to underwriting results, investment income carried the firm to almost $1.5 billion in net earnings
Insurer to convene sharholders’s meeting
Fairfax Financial Holdings Ltd. has continued its series of dividend increases, raising the annual payout to US$8 a share from $5.The US$8 a share dividend for the Toronto-based international insurance holding company and investment firm is up from $2.75 two years ago and $1.40 the year before that.Fairfax said the annual dividend is based on […]