Fairfax Financial Holdings News
S&P Upgrades Fairfax Operating Subs to ‘A’; Outlook Stable
On Monday, S&P Global Ratings said it raised the financial strength ratings on the core insurance and reinsurance subsidiaries of Fairfax Financial Holdings Ltd. to "A" from "A-" with a stable ...
Executives on the Move at AmTrust, Great American, Markel, Fairfax
Global specialty insurer AmTrust Financial Services Inc. has announced the formation of a new leadership team for its Excess & Surplus division, promoting and expanding the roles of five ...
Fairfax CEO Watsa Snatches Up $149M of ‘Ridiculously Cheap’ Company Shares
Fairfax Financial Holdings Ltd. said Prem Watsa, its chair and CEO, has purchased in the market 482,600 subordinate voting shares of Fairfax for just under $149 million. "At our AGM and on our first ...
Watsa’s Fairfax Financial Holdings Loses $1.3B in Q1
Prem Watsa's Fairfax Financial Holdings lost close to $1.3 billion during its first quarter, due largely to unrealized losses on investments and market volatility over the coronavirus pandemic. The ...
Watsa’s Fairfax Discloses Q1 $1.4B Net Loss From COVID-19 Financial Markets Plunge
Fairfax Financial Holdings warned it is dealing with an estimated $1.4 billion net loss in the 2020 first quarter, largely because of COVID-19 and its adverse impact on the global financial market. ...
Fairfax’s Watsa Gives ‘Mindboggling’ Takeover Testimony Leading to Shareholder Court Award
Canadian investor Prem Watsa was "purposely forgetful" and offered a "mindboggling" explanation in court testimony explaining why he backed a low-ball bid for a pulp mill in a sale to Resolute Forest ...
Executives On The Move at Fairfax Financial Holdings, Travelers and Alliant Insurance Services
Fairfax Financial Holdings Ltd. appointed a new chief financial officer. The Travelers Companies, Inc. named two executives as Co-Chief Investment Officer. Alliant Insurance Services hired an outside ...
Allied World CEO Carmilani Moves Up to Corporate Parent Fairfax in New Role
Scott Carmilani, the founder and longtime CEO of Allied World, is moving up to corporate parent Fairfax Insurance Group in a newly created executive role. With his promotion, the veteran president at ...