Profile: Fairfax Financial Holdings Ltd (FRFHF.PK)
22 Jul 2016
Fairfax Financial Holdings Limited, incorporated on November 23, 1976, is a holding company. The Company, through its subsidiaries, is engaged in property and casualty insurance, and reinsurance and investment management. The Company's segments include Insurance and Reinsurance, Runoff, Other, and Corporate and Other. The Company's investments are managed by Hamblin Watsa Investment Counsel Ltd. (Hamblin Watsa Investment Counsel).
The Company's subsidiaries include Northbridge Financial Corporation (Northbridge Financial), Federated Insurance Company of Canada Limited, Crum & Forster Holdings Corp (C&F), Zenith National Insurance Corp. (Zenith National), Odyssey Re Holdings Corp. (OdysseyRe), First Capital Insurance Limited (First Capital), Falcon Insurance Company (Hong Kong) Ltd. (Falcon Insurance), The Pacific Insurance Berhad (Pacific Insurance), PT. Fairfax Insurance Indonesia (Fairfax Indonesia), Fairfax Brasil Seguros Corporativos S.A. (Fairfax Brasil), Pethealth Inc. (Pethealth), Advent Capital (Holdings) Ltd. (Advent), Polskie Towarzystwo Reasekuracji SA (Polish Re) and Hamblin Watsa Investment Counsel.
Insurance and Reinsurance
The Insurance and Reinsurance segment includes Northbridge, OdysseyRe, Crum & Forster, Zenith National, Brit, Fairfax Asia and Insurance and Reinsurance-Other. Northbridge Financial is a national commercial property and casualty insurer in Canada providing property and casualty insurance products through its Northbridge Insurance and Federated subsidiaries. OdysseyRe is a United States-based reinsurer that provides a range of property and casualty products on around the world basis, and that underwrites specialty insurance, primarily in the United States and in the United Kingdom both directly and through the Lloyd's market in London. Crum & Forster is a national commercial property and casualty insurer in the United States writing a range of commercial coverages. Its subsidiaries, Seneca Insurance and First Mercury, provide property and casualty insurance to small businesses and certain specialty coverages. Zenith National is an insurer primarily engaged in workers' compensation business in the United States. Brit is a market-leading Lloyd's of London specialty insurer and reinsurer.
Fairfax Asia includes the Company's operations that underwrite insurance and reinsurance coverages in Singapore (First Capital), Hong Kong (Falcon), Malaysia (Pacific Insurance), Indonesia (Fairfax Indonesia) and Sri Lanka. Fairfax Asia also includes the Company's equity accounted interests in Mumbai-based Industrial Credit and Investment Corporation of India (ICICI) Lombard, Vietnam-based BIC Insurance and Thailand-based Falcon Thailand.
Insurance and Reinsurance-Other consists of Group Re, Advent, Polish Re and Fairfax Brasil. Group Re primarily constitutes the participation of CRC Re and Wentworth (both based in Barbados) in the reinsurance of Fairfax's subsidiaries by quota share or through participation in those subsidiaries third-party reinsurance programs on the same terms as third-party reinsurers. Group Re also writes third-party business. Advent is a specialty property reinsurance and insurance company operating through Syndicate 780 at Lloyd's. Polish Re underwrites reinsurance in Central and Eastern Europe. Fairfax Brasil writes commercial property and casualty insurance in Brazil.
The Runoff segment principally consists of RiverStone (UK), Syndicate 3500, RiverStone Insurance and the Unites States runoff company formed on the merger of TIG Insurance and International Insurance Company combined with Old Lyme, Clearwater Insurance, Commonwealth Insurance Company of America and American Safety.
The Other segment consists of the Company's non-insurance operations, including Cara, The Keg, Praktiker, Sporting Life, William Ashley, Pethealth, Thomas Cook India, Quess (formerly known as IKYA), Sterling Resorts, Fairfax India and National Collateral Management Services Limited (NCML).
Corporate and Other
Corporate and Other segment includes the parent entity (Fairfax Financial Holdings Limited), its subsidiary intermediate holding companies and Hamblin Watsa, an investment management company.
Fairfax Financial Holdings Ltd
Fairfax Financial Holdings Ltd
95 Wellington St W Suite 800
TORONTO ON M5J 2N7
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