Fairfax Financial Holdings Limited
News from Zibb.com
Total : 33 View more »
Fairfax Establishes New Brazilian Insurer - Zibb.com
TORONTO, ONTARIO, Nov 24, 2009 (MARKETWIRE via COMTEX) --
Fairfax Financial Holdings Limited (TSX: FFH)(TSX: FFH.U) announced today that it has received preliminary regulatory approval from the Superintendence of Private Insurance in Brazil (SUSEP) for the establishment of a new wholly-owned Brazilian property and casualty insurance company, Fairfax Brasil Seguros Corporativos S.A.
"We are pleased to be starting a new insurance venture in the vibrant Brazilian market with a highly respected and successful Brazilian insurance visionary, Jacques Bergman." said Prem Watsa, Chairman and CEO. "Jacques has one of the best track records in the Brazilian commercial insurance market. We look forward to working with Jacques as President of our new venture, Fairfax Brasil, and the many accomplished professionals on his management team to develop the new business and its products."
Jacques Bergman, President of Fairfax Brasil, has over 20 years experience in the Brazilian insurance market, with over 10 years working at various positions in Itau Seguros. Most recently Mr. Bergman was the Chief Operating Officer of Itau XL Seguros Corporativos S.A., one of the largest commercial insurers in Brazil.
"We are excited to be starting this new venture with a world-class organization such as Fairfax," said Mr. Bergman, President of Fairfax Brasil. "With our collective combination of many years of successful experience in Brazilian insurance and Fairfax's wealth of insurance and investment experience around the world we look forward to building a tremendous success story in the growing Brazilian insurance market."
Upon receipt of final SUSEP approval, Fairfax Brasil plans to carry out its operations across Brazil, in all lines of commercial business, with a primary focus on property, energy, casualty, surety, marine, financial lines, special risks, hull and aviation. Fairfax Brasil is headquartered in Sao Paulo, Brazil and will have initial capital of 65 million Reais.
Fairfax Financial Holdings Limited 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 Greg Taylor Chief Financial Officer (416) 367-4941 Media Contact Fairfax Financial Holdings Limited Paul Rivett Chief Legal Officer (416) 367-4941
SOURCE: Fairfax Financial Holdings Limited
Tags: aviation brazil business ceo commercial energy financial services insurance investment marine market media president products property reinsurance track
Companies: Fairfax Financial Holdings Ltd. (FFH), Fairfax Financial Holdings Ltd. (FFH)
Fairfax Voluntarily Delisting From NYSE - Zibb.com
TORONTO, ONTARIO, Nov 19, 2009 (MARKETWIRE via COMTEX) --
Fairfax Financial Holdings Limited (TSX: FFH)(NYSE: FFH) announced today its intention to voluntarily delist its subordinate voting shares from the New York Stock Exchange (NYSE). After the delisting from the NYSE, Fairfax's subordinate voting shares will continue to be listed on the Toronto Stock Exchange (TSX), where they will be traded in both Canadian and U.S. dollars under the trading symbols FFH and FFH.U, respectively.
"After our recent privatization of Odyssey Re, Fairfax now wholly owns all of its primary businesses and is the largest property and casualty insurance company based in Canada, with worldwide operations in over 50 countries," said Prem Watsa, Chairman and CEO. "While our decentralized operations have global reach, after reviewing the factors relevant to our continued listing on the NYSE, we determined that our company and its shareholders will be better served by the simplified focus and lower cost resulting from the maintenance of only our original TSX listing. In recent years, as markets have become significantly more global and liquid, our constituents, including shareholders and employees, no longer require multiple listings. The voluntary delisting will have no impact on our ongoing strategic and operating philosophy nor on our very substantial presence in the United States and our presence in the other global markets in which we operate."
In accordance with the procedures established by the U.S. Securities and Exchange Commission (SEC), Fairfax will file a Form 25 with the SEC on or about November 30, 2009 to effect the delisting, and the delisting is expected to be effective ten days thereafter, on or about December 10, 2009. The delisting will not affect Fairfax's continuing obligation to file required reports with the SEC.
Fairfax Financial Holdings Limited 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 Greg Taylor Chief Financial Officer (416) 367-4941 Media Contact Fairfax Financial Holdings Limited Paul Rivett Chief Legal Officer (416) 367-4941
SOURCE: Fairfax Financial Holdings Limited
Tags: canada ceo financial services insurance investment media nyse privatization property reinsurance sec securities
Companies: Fairfax Financial Holdings Ltd. (FFH), Fairfax Financial Holdings Ltd. (FFH)
Fairfax Announces Conference Call - Zibb.com
TORONTO, ONTARIO, Oct 16, 2009 (MARKETWIRE via COMTEX) --
Fairfax Financial Holdings Limited (TSX: FFH)(NYSE: FFH) will hold a conference call at 8:30 a.m. Eastern Time on Friday, October 30, 2009 to discuss its 2009 third quarter results which will be announced after the close of markets on Thursday, October 29, and will be available at that time on its website www.fairfax.ca. The call, consisting of a presentation by the company followed by a question period, may be accessed at (888) 946-7494 (Canada and U.S.) or 1 (773) 756-4803 (International) with the passcode "Fairfax".
A replay of the call will be available from shortly after the termination of the call until 5:00 p.m. Eastern Time on Friday, November 13, 2009. The replay may be accessed at (866) 469-7802 (Canada and U.S.) or 1 (203) 369-1470 (International).
Fairfax Financial Holdings Limited 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 Greg Taylor Chief Financial Officer (416) 367-4941 Media Contact: Fairfax Financial Holdings Limited Paul Rivett Chief Legal Officer (416) 367-4941
SOURCE: Fairfax Financial Holdings Limited
Tags: canada conference financial services insurance investment media nyse property reinsurance
Companies: Fairfax Financial Holdings Ltd. (FFH), Fairfax Financial Holdings Ltd. (FFH)
Fairfax Files Universal Shelf Prospectus - Zibb.com
TORONTO, ONTARIO, Sep 18, 2009 (MARKETWIRE via COMTEX) --
Fairfax Financial Holdings Limited (TSX: FFH)(NYSE: FFH) has filed a preliminary short form base shelf prospectus with the Canadian securities regulatory authorities. The shelf prospectus will allow Fairfax to offer from time to time over a 25-month period up to US$2.0 billion of debt, equity or other securities.
The filing is intended to restore the capacity which was available to Fairfax prior to its recent offering of subordinate voting shares which closed on September 11, 2009. The US$2.0 billion maximum also represents an increase of US$1.0 billion in total capacity, which is consistent with Fairfax's increased market capitalization and will provide Fairfax with additional financial flexibility.
Should Fairfax offer any securities, it will make a prospectus supplement available that will include the specific terms of the securities being offered.
Upon a receipt being issued for the final short form base shelf prospectus, Fairfax's existing base shelf prospectus will be withdrawn.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.
Fairfax Financial Holdings Limited 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 Greg Taylor Chief Financial Officer (416) 367-4941 Media Contact: Fairfax Financial Holdings Limited Paul Rivett Chief Legal Officer (416) 367-4941
SOURCE: Fairfax Financial Holdings Limited
Tags: capitalization debt equity financial services insurance investment market media nyse property reinsurance securities
Companies: Fairfax Financial Holdings Ltd. (FFH), Fairfax Financial Holdings Ltd. (FFH)
Web Sites
Total : 6 View more »
Fairfax Financial Holdings Limited
The annual meeting of shareholders of Fairfax Financial Holdings Limited will be held on Wednesday, April 15, 2009 at 9:30 a.m. (Toronto time) in the John W.H. Bassett Theatre, Room 102 Metro Toronto Convention Centre 255 Front Street West, Toronto, Canada.
Fairfax Financial Holdings - Analyst News | newratings.com
Copyright © 2002 - 2008 newratings.com GmbH | Legal | Licensing Quote data provided by IS.eFinance Solutions (powered by IS.Teledata AG) using StandardPoor's ComStock Inc. and others. Delay times are 15 mins for European exchanges and NASDAQ, 20 mins for NYSE and AMEX.
http://www.newratings.com/headlines/Fairfax-Financial-Holdings_CA3039011026.html
Historical Highlights
The Haloid Company is founded in Rochester, N.Y., to manufacture and sell photographic paper. Chester Carlson, inventor of xerography, is born in Seattle, Feb. 8. 1935 Haloid buys Rectigraph Co. 1938
Institutional Shareowner
Home | News | Reports | Marketplace | About Us | Contact | Tools | Login Corporate Social Research | Mutual Funds | Shareowner Action | Community Investment © SRI World Group, Inc.
Web Sites
powered by 
Total : 9,920,000 View more »
Fairfax Financial Holdings Limited
www.fairfax.ca
Fairfax Financial Holdings Limited Corporate Internet Presence ... Fairfax Financial Holdings Limited is listed on The Toronto Stock Exchange and the New York ...
Fairfax Financial Holdings Limited
www.fairfax.ca
Fairfax Financial Holdings Limited Corporate Web Presence ... Some documents made available on this page require the Adobe Acrobat Reader software for viewing.
Fairfax Financial - Wikipedia, the free encyclopedia
en.wikipedia.org
Fairfax Financial Holdings Limited (TSX: FFH NYSE: FFH) is a financial holding company based in Toronto, Ontario, which is engaged in property, casualty, and life insurance and ...
Fairfax Financial Holdings Limited (FFH) Company Profile ...
www.corporateinformation.com
Fairfax Financial Holdings Limited. The Group's principal activities are the provision of insurance and reinsurance for commercial and personal property, casualty, oil and gas and ...
http://www.corporateinformation.com/Company-Snapshot.aspx?cusip=C124FG530