FFH

Fairfax Announces the Passing of Ramaswamy Athappan

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星期五, 五月 24, 2024
Insurance, FFH, TSX, Fairfax Financial, Management

TORONTO, May 23, 2024 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) regrettably announces that Ramaswamy Athappan, Chairman and Chief Executive Officer of Fairfax Asia Limited, has passed away.

Key Points: 
  • TORONTO, May 23, 2024 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) regrettably announces that Ramaswamy Athappan, Chairman and Chief Executive Officer of Fairfax Asia Limited, has passed away.
  • Over the past 22 years, Mr. Athappan has been a driving force in developing Fairfax’s insurance operations in Southeast Asia.
  • He made invaluable contributions to the success of Fairfax and Fairfax Asia over these years through his leadership, mentorship and guidance.
  • He was a trusted and valued colleague, but most importantly, he was a very good friend of mine and many others here at Fairfax,” said Prem Watsa, Chairman and Chief Executive Officer of Fairfax.

Fairfax Announces the Passing of Eric Salsberg

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星期一, 五月 6, 2024
Corporation, Corporate Affairs, Friends, FFH, Family, TSX, Fairfax Financial

TORONTO, May 06, 2024 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) announces with great sadness the passing of Eric P. Salsberg, who joined Fairfax in 1988 after acting as counsel to Fairfax on every major transaction it undertook since its founding in 1985.

Key Points: 
  • TORONTO, May 06, 2024 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) announces with great sadness the passing of Eric P. Salsberg, who joined Fairfax in 1988 after acting as counsel to Fairfax on every major transaction it undertook since its founding in 1985.
  • Rick served as Vice President – Corporate Affairs and Corporate Secretary for Fairfax, and provided strategic advice and guidance on countless transactions undertaken by the company over the years.
  • He loved Fairfax and we would not have achieved the success we have without him.
  • Ricky was our partner, trusted friend, and indispensable advisor for 38 years, and all of us here at Fairfax loved him, as did his family, friends, neighbours, and business colleagues,” said Prem Watsa, Chairman and Chief Executive Officer of Fairfax.

Result of Voting for Directors at Annual Shareholders’ Meeting

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星期五, 四月 12, 2024
FFH, TSX, Fairfax Financial

TORONTO, April 12, 2024 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) (“Fairfax”) is pleased to announce the results of the vote on Directors at its April 11, 2024 Annual Shareholders’ Meeting.

Key Points: 
  • TORONTO, April 12, 2024 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) (“Fairfax”) is pleased to announce the results of the vote on Directors at its April 11, 2024 Annual Shareholders’ Meeting.
  • Each of the nominee directors listed in Fairfax’s management proxy circular dated March 8, 2024 was elected as a director.
  • The voting results for the twelve directors nominated for election are set forth in the table below:

Fairfax Announces Hybrid Annual Shareholders’ Meeting Details

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星期二, 四月 2, 2024
Proxy, Webcast, TSX, AGM, Q&A, Fairfax Financial, FFH

TORONTO, April 02, 2024 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) announces additional details regarding its upcoming hybrid annual shareholders’ meeting.

Key Points: 
  • TORONTO, April 02, 2024 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) announces additional details regarding its upcoming hybrid annual shareholders’ meeting.
  • As disclosed in our annual meeting materials and on our website, the hybrid meeting will be held both in-person and virtually on April 11, 2024 and will commence at 9:30 a.m. Eastern Time, with the formal annual meeting and a presentation by Prem Watsa, Fairfax’s Chairman and CEO, followed by a Q&A session, all of which will be webcast in real time.
  • Following are additional details on how to access this webcast and to submit questions in advance for the Q&A session.
  • Registered shareholders and duly appointed proxyholders will be able to attend and vote at the hybrid meeting both in-person and virtually through a web-based platform at https://web.lumiagm.com/474099068 .

Fairfax Completes US$1 Billion Senior Notes Offering

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星期五, 三月 22, 2024
Failure, Risk management, Asbestos, EDGAR, Regulation, Sale, IAS 12, Insurance, TSX, Investment, Note, Annual report, Fairfax Financial, FFH, IAS, Government, Security (finance)

TORONTO, March 22, 2024 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) has completed its previously announced offering of US$1,000,000,000 in aggregate principal amount of 6.350% senior notes due 2054 (the “Notes”).

Key Points: 
  • TORONTO, March 22, 2024 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) has completed its previously announced offering of US$1,000,000,000 in aggregate principal amount of 6.350% senior notes due 2054 (the “Notes”).
  • In connection with the closing of the offering, Fairfax entered into a customary registration rights agreement.
  • Fairfax intends to use the net proceeds of this offering for general corporate purposes.
  • Such forward-looking statements may include, among other things, the intended use of the net proceeds from the offering of the Notes.

Fairfax Announces Pricing of Senior Notes Offering

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星期二, 三月 19, 2024
Failure, Risk management, Asbestos, EDGAR, Regulation, Sale, IAS 12, United, Insurance, TSX, Investment, Note, Annual report, Fairfax Financial, FFH, IAS, Government, Security (finance)

TORONTO, March 19, 2024 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) announces that it has priced a private offering of US$1,000,000,000 of senior notes due 2054 (the “Notes”) at an issue price of 99.734%.

Key Points: 
  • TORONTO, March 19, 2024 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) announces that it has priced a private offering of US$1,000,000,000 of senior notes due 2054 (the “Notes”) at an issue price of 99.734%.
  • The Notes will be unsecured obligations of Fairfax and will pay a fixed rate of interest of 6.350% per annum.
  • Fairfax also intends to enter into a registration rights agreement in connection with the offering.
  • Such forward-looking statements may include, among other things, the intended use of net proceeds from the offering of the Notes and the anticipated completion of the offering of the Notes.

AM Best Assigns Issue Credit Rating to Fairfax Financial Holdings Limited’s Senior Unsecured Notes

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星期二, 三月 26, 2024
Insurance, Professional Services, ALL, News, Credit, TSX, Credit rating, AM Best, Fairfax Financial, FFH, Good

AM Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of “bbb+” (Good) to the recently issued $1.0 billion 6.35% senior unsecured notes, due March 2054, of Fairfax Financial Holdings Limited (Fairfax) (Toronto, Canada) [TSX: FFH].

Key Points: 
  • AM Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of “bbb+” (Good) to the recently issued $1.0 billion 6.35% senior unsecured notes, due March 2054, of Fairfax Financial Holdings Limited (Fairfax) (Toronto, Canada) [TSX: FFH].
  • The outlook assigned to this Credit Rating (rating) is stable.
  • The Long-Term Issuer Credit Rating of Fairfax, as well as the ratings of its operating subsidiaries and all other debt issuances are unchanged.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .

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

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星期四, 三月 7, 2024
Pomerantz, Research, Muddy Waters Research, OTC, Prior, Muddy Waters, FFH, LLP, Fairfax Financial

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

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星期三, 二月 28, 2024
Pomerantz, Research, Muddy Waters Research, OTC, Prior, Muddy Waters, FFH, LLP, Fairfax Financial

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

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星期一, 二月 26, 2024
Head, Suite, TSX, Toronto Stock Exchange, FFH, OLA, Indian stock exchange, Corporate development, National instrument, Fairfax Financial, Related, Insurance, Security (finance)

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.