Fairfax Financial Holdings Ltd. announced that Prem Watsa, its chair and CEO, has purchased in the market 482,600 subordinate voting shares of Fairfax for a cost of approximately US$148.95 million. “At our AGM and on our first quarter earnings release …
Scott Carmilani, the founder and CEO of Allied World, has moved to a new role Fairfax Insurance Group, which aims to promote organic growth and collaboration initiatives across the company’s global insurance and reinsurance operations. Carmilani is being succeeded as …
The Arkansas Insurance Department has approved the acquisition of two domestic affiliated companies, Allied World Surplus Lines Insurance (AWSLIC) and Vantapro Specialty Insurance Co., by Swiss and Canadian companies. AWSLIC and Vantapro are each an Arkansas domiciled insurance company and …
Hamilton Insurance Group Ltd., the reinsurer that counts Sanford “Sandy” Weill as non-executive chairman, acquired two units from Prem Watsa’s Fairfax Financial Holdings Ltd. as part of a push into primary coverage. Hamilton acquired Valiant Insurance and Valiant Specialty Insurance, …
Hudson Insurance Group and Crum & Forster, both owned by Fairfax Financial Holdings Ltd., announced a strategic realignment of their directors and officers (D&O) and management liability business. C&F will transfer the following lines to Hudson’s Financial Products unit: public, …
Insurer Fairfax Financial Holdings Ltd. asked a New Jersey appeals court to reinstate its lawsuit against Steven A. Cohen’s SAC Capital Advisors LP claiming a campaign of false negative information. The appeal, filed May 31, asked the New Jersey Appellate …
Stanley Zax, president and CEO of Woodland Hills, Calif.-based Zenith National Insurance Corp., will be retiring, and COO Jack Miller will take over, it was announced on Tuesday. Zenith, a wholly-owned subsidiary of Toronto, Can.-based Fairfax Financial Holdings Ltd., said …
