Digit Insurance, a company backed by Canadian billionaire Prem Watsa’s Fairfax Group, has had a planned initial public offering (IPO) put on hold, a Securities and Exchange Board of India (SEBI) regulatory document showed on Tuesday. The IPO has been …
S&P Global Ratings raised the financial strength ratings on the core insurance and reinsurance subsidiaries of Fairfax Financial Holdings Ltd. to “A” from “A-” with a stable outlook. The rating agency also raised its long-term issuer credit rating on the …
India’s Digit Insurance, backed by Canadian billionaire Prem Watsa’s Fairfax Group, is considering raising about $500 million in an initial public offering at a valuation of $4.5 billion to $5 billion, three people aware of the matter told Reuters. Founded …
This edition of International People Moves details appointments at Fairfax Financial Holdings, AXA XL and SiriusPoint Ltd. A summary of these new hires follows here. Fairfax Financial Holdings Promotes Clarke to President Fairfax Financial Holdings Ltd. has appointed Peter Clarke …
Fairfax Financial Holdings Ltd. announced the completion of the previously announced sale of a minority stake in Fairfax’s subsidiary, Odyssey Group Holdings for an aggregate cash price of US$900 million. An affiliate of CPPIB Credit Investments Inc., a wholly-owned subsidiary …
Fairfax Financial Holdings announced that it has made a commitment of US$5 million (approximately INR 37 crore) to fund initiatives to assist India with the recent surge in COVID-19 cases and the country’s urgent needs around the pandemic. The contribution …
Fairfax Financial Holdings Ltd. announced it has entered into a binding agreement with CVC Capital Partners (CVC) to sell all of its interests in RiverStone Europe to private equity firm CVC Capital Partners for approximately $750 million. Fairfax also will …
AXA SA sold its Persian Gulf business for $269 million to a Kuwait-based group, as the French insurance giant shifts its focus and exits some overseas investments to shore up its finances amid the coronavirus pandemic. The Paris-based insurer said …
Fairfax Financial Holdings Ltd. and OMERS, the pension plan for Ontario’s municipal employees, announced they have entered into an agreement where OMERS will acquire a 40% interest in Fairfax’s UK run-off group, RiverStone UK. The transaction gives RiverStone UK the …
Fairfax Financial Holdings announced that Jennifer Allen has been appointed chief financial officer. John Varnell, who was previously serving as interim chief financial officer of Fairfax, will continue serving as vice president, Corporate Development of Fairfax. Varnell stepped in as …
