Sponsored Links

Fairfax Announces Repayment of GFIC Loan Note

* Reuters is not responsible for the content in this press release.

Thu Oct 18, 2012 5:02pm EDT 

  TORONTO, ONTARIO, Oct 18 (MARKET WIRE) --


    (Note: All dollar amounts in this press release are expressed in US
dollars.)

    Fairfax Financial Holdings Limited (TSX:FFH)(TSX:FFH.U) announces that
TIG Insurance Company, a runoff subsidiary of Fairfax, has today agreed
with the holder of the loan note issued by TIG in connection with its
acquisition of General Fidelity Insurance Company in February 2011 to pay
$200 million in full and final satisfaction of that loan note. It is
expected that that payment will be made on or before November 9, 2012.

    Fairfax is a financial services holding company which, through its
subsidiaries, is engaged in property and casualty insurance and
reinsurance and investment management.

Contacts:
Fairfax Financial Holdings Limited
John Varnell
Vice President, Corporate Development
(416) 367-4941

Media Contact
Fairfax Financial Holdings Limited
Paul Rivett
Vice President, Operations
(416) 367-4941

Copyright 2012, Market Wire, All rights reserved.

-0-
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.