Fairfax Financial

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Fairfax Financial Holdings Limited - FRFHF

Retrieved on: 
Thursday, March 7, 2024

NEW YORK, March 07, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Fairfax Financial Holdings Limited (“FFH” or the “Company”) (OTC: FRFHF).

Key Points: 
  • NEW YORK, March 07, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Fairfax Financial Holdings Limited (“FFH” or the “Company”) (OTC: FRFHF).
  • On February 8, 2024, short-seller Muddy Waters Research published a report entitled “Fairfax Financial Holdings Ltd.: The GE of Canada” (the “Muddy Waters Report”).
  • Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.
  • The Firm has recovered billions of dollars in damages awards on behalf of class members.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Fairfax Financial Holdings Limited - FRFHF

Retrieved on: 
Wednesday, February 28, 2024

NEW YORK, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Fairfax Financial Holdings Limited (“FFH” or the “Company”) (OTC: FRFHF).

Key Points: 
  • NEW YORK, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Fairfax Financial Holdings Limited (“FFH” or the “Company”) (OTC: FRFHF).
  • On February 8, 2024, short-seller Muddy Waters Research published a report entitled “Fairfax Financial Holdings Ltd.: The GE of Canada” (the “Muddy Waters Report”).
  • Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.
  • The Firm has recovered billions of dollars in damages awards on behalf of class members.

Fairfax Announces Acquisition of Additional Orla Shares

Retrieved on: 
Monday, February 26, 2024

TORONTO, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) announces that it has acquired, through its insurance company subsidiaries, 800,000 common shares (the “Common Shares”) of Orla Mining Ltd. (TSX: OLA) (“Orla”) at an average price of $4.88 per Common Share, for an aggregate purchase price of approximately $3,903,000 through the facilities of the Toronto Stock Exchange (the “Share Purchase”).

Key Points: 
  • TORONTO, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) announces that it has acquired, through its insurance company subsidiaries, 800,000 common shares (the “Common Shares”) of Orla Mining Ltd. (TSX: OLA) (“Orla”) at an average price of $4.88 per Common Share, for an aggregate purchase price of approximately $3,903,000 through the facilities of the Toronto Stock Exchange (the “Share Purchase”).
  • The Share Purchase represents approximately 0.25% of the issued and outstanding Common Shares of Orla and brings Fairfax’s total holdings, through its insurance subsidiaries, of such securities to 55,405,229 Common Shares (or approximately 17.58% of all Common Shares).
  • Immediately prior to the Share Purchase, Fairfax, through its insurance company subsidiaries, beneficially owned and controlled 54,605,229 Common Shares, representing approximately 17.33% of the issued and outstanding Common Shares of Orla.
  • Fairfax is a holding company which, through its subsidiaries, is primarily engaged in property and casualty insurance and reinsurance and the associated investment management.

Kennedy Wilson’s Real Estate Debt Platform Reaches $7 Billion in Originations

Retrieved on: 
Monday, March 4, 2024

Global real estate investment company Kennedy Wilson (NYSE: KW) announces that its real estate debt investment platform more than doubled in size in the past year and has reached $7 billion in originations with a strong pipeline of new opportunities.

Key Points: 
  • Global real estate investment company Kennedy Wilson (NYSE: KW) announces that its real estate debt investment platform more than doubled in size in the past year and has reached $7 billion in originations with a strong pipeline of new opportunities.
  • Kennedy Wilson’s debt platform, originally launched in 2020 and expanded in Europe in 2021, benefits from a unique, unlevered structure.
  • The lending team provides a hands-on approach to each loan, rooted in Kennedy Wilson’s historic strengths in real estate asset management.
  • “The debt platform has become our fastest growing business unit, contributing to a record level of fee-bearing capital for Kennedy Wilson.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Fairfax Financial Holdings Limited - FRFHF

Retrieved on: 
Sunday, March 3, 2024

NEW YORK, March 3, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Fairfax Financial Holdings Limited ("FFH" or the "Company") (OTC: FRFHF).

Key Points: 
  • NEW YORK, March 3, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Fairfax Financial Holdings Limited ("FFH" or the "Company") (OTC: FRFHF).
  • The investigation concerns whether FFH and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
  • On February 8, 2024, short-seller Muddy Waters Research published a report entitled "Fairfax Financial Holdings Ltd.: The GE of Canada" (the "Muddy Waters Report").
  • Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.

IICF Philanthropic Roundtable Gathers Insurance Leaders for Discussions on Charitable Giving, Impact of Global Initiatives

Retrieved on: 
Thursday, February 22, 2024

LOS ANGELES, Feb. 22, 2024 /PRNewswire-PRWeb/ -- The Insurance Industry Charitable Foundation (IICF), a nonprofit organization dedicated to helping communities and enriching lives, hosted the 2024 IICF Philanthropic Roundtable today, gathering leaders from twenty-five major insurance organizations for a series of presentations on charitable giving and volunteerism in the insurance industry and initiatives focused on philanthropy, inclusion and sustainability topics. During the 2024 Philanthropic Roundtable, IICF also released the 2023 IICF Philanthropic Showcase, an annual retrospective of global charitable contributions, volunteer projects and innovative leadership initiatives of IICF Key Partner Companies. Please view the 2023 IICF Philanthropic Showcase here.

Key Points: 
  • During the 2024 Philanthropic Roundtable, IICF also released the 2023 IICF Philanthropic Showcase , an annual retrospective of global charitable contributions, volunteer projects and innovative leadership initiatives of IICF Key Partner Companies.
  • Kaufman Group, CNA, Ernst & Young LLP (EY US), Intact Insurance Specialty Solutions, Marsh, Munich Re US P&C Companies and Verisk presented at this unique event for philanthropic knowledge sharing.
  • "Each year, IICF is proud to bring together this extraordinary group of insurance industry leaders for the IICF Philanthropic Roundtable, and even more so in 2024 as we celebrate IICF's 30th anniversary and the industry's legacy of giving," said Bill Ross, CEO of IICF.
  • IICF also made several announcements at this year's Roundtable on 2024 initiatives, including:
    IICF's 30th Anniversary Celebration: IICF is celebrating thirty years of impact and the insurance industry's legacy of giving by raising funds for children struggling with hunger.

Fairfax India Holdings Corporation: Financial Results for the Year Ended December 31, 2023

Retrieved on: 
Thursday, February 15, 2024

TORONTO, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Fairfax India Holdings Corporation (TSX: FIH.U) announces fiscal year 2023 net earnings of $371.8 million ($2.72 net earnings per diluted share), compared to 2022 net earnings of $191.4 million ($1.34 net earnings per diluted share). The company's book value per share at December 31, 2023 of $21.85 increased compared to $20.89 at September 30, 2023 ($19.11 at December 31, 2022) through the realization of gains on the sales of investments and strong performance of the investment portfolio. The company's book value per share has grown at a compound annual growth rate of 9.2% (9.6% prior to the performance fee described below) from the initial public offering price of $10.00 per share. The company's growth in 2023 was supported by strong Indian equity markets and economic fundamentals.

Key Points: 
  • The financial results are derived from financial statements prepared using the recognition and measurement requirements of International Financial Reporting Standards as issued by the International Accounting Standards Board ("IFRS®"), except as otherwise noted, and are unaudited.
  • See "Glossary of non-GAAP and other financial measures" at the end of this press release for further details.)
  • Fairfax India is in strong financial health, with cash and marketable securities at December 31, 2023 of approximately $209 million, prior to the sales of NSE described below.
  • Particularly, statements regarding future results, performance, achievements, prospects or opportunities of the company, an Indian Investment, or the Indian market are forward-looking statements.

Fairfax Announces Early Redemption Of Senior Notes Due March 3, 2025

Retrieved on: 
Wednesday, February 14, 2024

TORONTO, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) announces that, on March 15, 2024, it is redeeming all of its outstanding 4.95% senior notes due March 3, 2025 (the “Notes”) at a redemption price of 100% of the principal amount of the Notes, plus accrued and unpaid interest.

Key Points: 
  • TORONTO, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) announces that, on March 15, 2024, it is redeeming all of its outstanding 4.95% senior notes due March 3, 2025 (the “Notes”) at a redemption price of 100% of the principal amount of the Notes, plus accrued and unpaid interest.
  • There is C$348,564,000 principal amount of Notes currently outstanding.
  • Questions regarding the redemption of the Notes may be directed to BNY Trust Company of Canada, as Canadian Trustee, as follows:
    Fairfax is a holding company which, through its subsidiaries, is primarily engaged in property and casualty insurance and reinsurance and the associated investment management.
  • Fairfax disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities law.

INVESTIGATION ALERT: Berger Montague is Investigating Securities Fraud Claims on Behalf of Fairfax Financial Holdings Limited (OTC: FRFHF, FFHPF) Investors

Retrieved on: 
Wednesday, February 14, 2024

PHILADELPHIA, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Berger Montague is currently investigating potential violations of the federal securities laws on behalf of shareholders of Fairfax Financial Holdings Limited (“Fairfax Financial”) (OTC: FRFHF, FFHPF).

Key Points: 
  • PHILADELPHIA, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Berger Montague is currently investigating potential violations of the federal securities laws on behalf of shareholders of Fairfax Financial Holdings Limited (“Fairfax Financial”) (OTC: FRFHF, FFHPF).
  • Fairfax Financial, headquartered in Toronto, provides property and casualty insurance and reinsurance, as well as investment management services in the United States and internationally.
  • Whistleblowers: Anyone with non-public information regarding Fairfax Financial is encouraged to confidentially assist Berger Montague’s investigation or take advantage of the SEC Whistleblower program.
  • Berger Montague has represented individual and institutional investors for over five decades and serves as lead counsel in courts throughout the United States.

Fairfax Responds Further to Short Seller Report

Retrieved on: 
Monday, February 12, 2024

Prem Watsa, Chairman and CEO of Fairfax, commented: “We are neither Berkshire Hathaway, nor GE, as Muddy Waters suggests.

Key Points: 
  • Prem Watsa, Chairman and CEO of Fairfax, commented: “We are neither Berkshire Hathaway, nor GE, as Muddy Waters suggests.
  • We are Fairfax, a strong and enduring company built over 38 years, committed to integrity, customer service, employee welfare and the communities we operate in.
  • We strive to provide excellent returns to shareholders, and are committed to providing full disclosure in our annual report, highlighting both our pluses and minuses.
  • Fairfax disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities law.