Deal expected to close in Q1 2009
Investment gains total US$856.8 million in Q3
But the company warns that the credit-default swaps are subject to dramatic swings in market value and liquidity
Watsa succeeds RIM’s Lazaridis
Moodys cites financial flexibility, better reporting
Insurance and reinsurance operations post underwriting loss
Fairfax Financial Holdings Ltd. said Friday it has filed a preliminary short form base shelf prospectus with regulators to allow the firm to raise up to $1 billion in debt, equity or other securities over the next 25 months.The filing is intended to replace Fairfax’s existing shelf prospectus. It is expected that upon a receipt […]
Credit default swaps boost revenue
Budget to be released Feb. 26
Fairfax Financial Holdings Ltd. today declared an annual dividend of US$5 per share, up from US$2.75 per share last year.The dividend, payable February 11 to shareholders of record on January 14, represents a yield of 1.7% at the insurance holding company’s year-end stock price of $287 (Canadian), which was up 24% on the year.Fairfax also […]