Insurance broker Aon plc announced a $350 million, first-of-its kind insurance program with the U.S. International Development Finance Corporation, designed to build insurance capacity and accelerate new capital investment and economic recovery in Ukraine. As one of the largest global …
Fairfax India Holdings Corp. on Monday said Prem Watsa, popularly known as “Canada’s Warren Buffett,” will step down as the investment firm’s chairman. He will be replaced by his son Benjamin Watsa, effective July 1, as chair but will continue …
Fairfax Financial on Monday denied allegations by Muddy Waters Research that the Canadian insurer was manipulating asset values, saying the short-seller’s report was “false and misleading.” The detailed counter comes days after the company’s brief initial response to the report …
Short seller Muddy Waters has placed bets against the shares of Canadian insurer Fairfax Financial alleging manipulation in its asset values. Shares of the property and casualty insurer sank 12% on Thursday, and set for their worst drop since Sept. …
Fairfax Financial Holdings Ltd. announced it has completed the US$860 million acquisition of Gulf Insurance Group (GIG) from Kuwait Projects Co. (KIPCO) and certain of its affiliates. First announced in April 2023, the deal represents approximately 46.32% of the equity …
Canadian financial group Fairfax Financial Holdings Ltd. offered to buy out minority shareholders of agriculture technology firm Farmers Edge Inc. at a price that would crystallize near-total losses for any longer-term holders of the stock. Fairfax’s takeover bid of 25 …
Toronto-based Fairfax Financial Holdings Ltd.’s ratings are unaffected following last week’s announcement it has entered into a definitive agreement to acquire an additional 46.32% of Gulf Insurance Group (GIG) from Kuwait Projects Co. (KIPCO), according to DBRS Morningstar, which has …
Digit Insurance will refile papers for its $440 million initial public offering (IPO), the company told Reuters on Tuesday, after India’s market regulator raised certain compliance issues with employee stock plans in a private letter. It is the second such …
Brit Ltd.’s managing general underwriter, Ambridge Group, will be acquired by Amynta Group for $400 million. In addition, a multi-year strategic partnership has been formed in which Brit (a subsidiary of Fairfax Financial Holdings Ltd.) will be a significant capacity …
India’s markets regulator will restart a review of a $440 million initial public offering of Digit Insurance after the company resolved certain compliance issues that had led to the regulator putting the process on hold, two sources told Reuters on …
