Fairfax Announces Successful Completion of Sale of Global Pet Insurance Operations to Independence Pet Group
October 31 2022 - 5:02PM
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 |
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