- Business
- Fairfax Financial Holdings Limited is a Canadian holding company, founded in 1985 and headquartered in Toronto, Ontario, which through its subsidiaries engages primarily in property and casualty insurance and reinsurance, as well as associated investment management services targeting 15% long-term growth in book value per share via disciplined underwriting and value-oriented total return investing. Its core insurance operations span North American Insurers including Northbridge Financial, Crum & Forster, and Zenith National; Global Insurers and Reinsurers encompassing Allied World, Odyssey Group, Brit Insurance, and Ki; and International Insurers and Reinsurers such as Gulf Insurance Group, Bryte, Polish Re, ARX Insurance, and Fairfax Brasil; with centralized investment management provided by Hamblin Watsa Investment Counsel Ltd. The company maintains a decentralized multi-brand strategy with geographic operations across Canada, the United States, Europe, Latin America, Asia, and other regions, writing cumulative premiums exceeding $290 billion since inception. Recent developments include the August 2025 acquisition of the Keg Royalties Income Fund for $150.1 million followed by a partnership with LFG Growth Partners; the August 2025 issuance of $507.5 million in unsecured senior notes maturing in 2035 and 2055; the redemption of Series G and H preferred shares in September 2025; the October 2025 agreement to sell its 80% stake in Eurolife's life insurance operations to Eurobank for approximately $940 million while acquiring a 45% interest in ERB Asfalistiki for $68 million, expected to close in Q1 2026; and a November 2025 proposal as part of a consortium to acquire remaining shares of Kennedy-Wilson Holdings, Inc. at $10.25 per share.