Profile: Fairfax Financial Holdings Ltd (FRFHF.PK)
26 Feb 2015
Fairfax Financial Holdings Limited, incorporated on November 23, 1976, is a financial services holding company. The Company, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and investment management. The Company, through its subsidiaries, operates on a decentralized basis with focus on underwriting strategy to markets. It provides a range of property and casualty products, maintaining a diversified portfolio of risks across all classes of business, geographic regions, and types of insureds. The Company’s investments have been managed by Hamblin Watsa Investment Counsel Ltd., a wholly-owned subsidiary of the Company. The Company has operations in Southeast Asia, Eastern Europe, the Middle East and Brazil.
The Company, through its subsidiaries, is focused on underwriting discipline and prudent reserving. The Company’s wholly-owned subsidiary, TheZenith is primarily engaged in the workers' compensation insurance business in the United States. Zenith conducts business in 45 states and the District of Columbia in the United States. The Company’s subsidiary, Group Re is comprised of CRC Reinsurance and Wentworth Insurance, which underwrite treaty and facultative reinsurance.
The Company’s, wholly-owned subsidiary, OdysseyRe, underwrites treaty and facultative reinsurance as well as specialty insurance business in the United States, Toronto, London, Paris, Singapore and Latin America. OdysseyRe operates through its subsidiaries Odyssey America Reinsurance Company, Hudson Insurance Company, Hudson Specialty Insurance Company and Newline Underwriting Management Limited.
Northbridge Financial, a wholly-owned subsidiary of the Company, provides property and casualty insurance products through its three market facing brands, Northbridge Insurance, Federated Insurance and Zenith Insurance Company. It is a commercial property and casualty insurers in Canada based on gross premiums written. Fairfax Brasil Seguros Corporativos S.A., a wholly-owned subsidiary of the Company is engaged in writing commercial property and casualty insurance in Brazil. It operates in all lines of commercial business, with a focus on property, energy, casualty, surety, marine, financial lines, special risks, hull and aviation.
Advent, a wholly-owned subsidiary of the Company, is a reinsurance and insurance company, focused on specialty property reinsurance and insurance risks. It offers reinsurance solutions through Advent Syndicate 780 at Lloyd's and Advent Re in Bermuda. Advent provides insurance cover, principally for physical damage risks, through Advent Syndicate 780 at Lloyd's. Polish Re (Polskie Towarzystwo Reasekuracji), a wholly-owned subsidiary of the Company writes reinsurance business in the Central and Eastern European regions. Polish Re specializes in the reinsurance business in Poland and helps to develop the insurance markets of Central and Eastern Europe.
Falcon Insurance Company is a wholly-owned subsidiary of the Company which is based in Hong Kong. It writes property and casualty insurance to niche markets in Hong Kong. Pacific Insurance, a subsidiary of the Company is based in Kuala Lumpur. The company offers all classes of general insurance in Malaysia including fire, motor and personal accident and is a provider of medical insurance. First Capital Insurance Limited writes property and casualty insurance primarily to Singapore markets. It is engaged in writing both personal and commercial lines of non-life insurance business across various classes such as Fire, Engineering, Marine Cargo, Marine Hull, Bond, Professional Indemnity, Motor, Public Liability, Workers’ Compensation, Personal Accident and Miscellaneous Accident insurance business.
Fairfax Financial Holdings Ltd
95 Wellington St West Ste 800
TORONTO QC M5J 2N7