FAIRFAX FINANCIAL HOLDINGS LIMITED is a holding company which, through its subsidiaries, is engaged in non-life insurance and reinsurance and investment management. FAIRFAX subsidiaries operate in more than 32 countries and achieve overall operations in the value of USD 36.1 billion. The group’s equity amounts to more than USD 9.7 billion or more than USD 9.5 billion in case of written premium.
FAIRFAX’s corporate objective is to achieve a high rate of return on invested capital and build long-term shareholder value. FAIRFAX seeks to differentiate itself by combining disciplined underwriting with the investment of its assets on a total return basis, which Fairfax believes provides above-average returns over the long-term.
FAIRFAX was founded in 1985 by the present Chairman and CEO V. Prem Watsa. The company has been under its present management since 1985 and is headquartered in Toronto, Canada. Its common shares are listed on the Toronto Stock Exchange under the symbol FFH.
FAIRFAX’s insurance and reinsurance companies operate on a decentralized basis, with autonomous management teams applying a focused underwriting strategy to their markets.
FAIRFAX subsidiaries operating in the US, Canada, Central-East Asia, Central and Eastern Europe, Middle East and in Brasil provide a full range of property and liability products, maintaining a diversified portfolio of risks across all classes of business, geographic regions, and types of target groups.
Since 1985, investments have been centrally managed for all of the FAIRFAX group companies by Hamblin Watsa Investment Counsel Ltd. , a wholly-owned subsidiary of Fairfax. Hamblin Watsa emphasizes a conservative value investment philosophy, seeking to invest assets on a total return basis, which includes realized and unrealized gains over the long-term.
More details on FAIRFAX FINANCIAL HOLDINGS can be found on www.fairfax.ca