Net losses reverse a significant portion of the US$1.7 billion net gains reported in 2019
The decrease primarily reflected $96.7 million of net investment losses
David Bonham died suddenly on the weekend
The financial holding company says it acquired the shares for investment purposes
The sale will net US$900 million of after-tax profit
The U.S. president’s plans to cut corporate taxes, roll back regulations and boost infrastructure spending could bolster growth
The Switzerland-based insurer will continue to be run by Scott Carmilani
The acquisitions will expand Fairfax’s footprint in Latin America significantly and builds on the company’s current expansion in Eastern Europe
OMERS to take 30% stake in U.K.-based specialty insurer from Fairfax
Financial terms not disclosed