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Fairfax Announces Successful Completion of Sale of Global Pet Insurance Operations to Independence Pet Group

Fairfax Financial Holdings
·1 minuto per la lettura
Fairfax Financial Holdings
Fairfax Financial Holdings

TORONTO, Oct. 31, 2022 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) announces the successful completion of the previously announced sale of all of its interests in the Crum & Forster Pet Insurance Group™ and Pethealth Inc. to Independence Pet Group and certain of its affiliates, which are majority owned by JAB Holding Company, for a purchase price of US$1.4 billion in the form of US$1.15 billion cash and US$250 million in seller notes.

Fairfax is a holding company which, through its subsidiaries, is primarily engaged in property and casualty insurance and reinsurance and the associated investment management.

For further information, contact: 

 

John Varnell, Vice President, Corporate Development, at (416) 367-4941