Fairfax Commits US$1 Million to Earthquake Relief Efforts in Turkey
February 27 2023 - 5:02PM
Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and
FFH.U), in recognition of the tragic consequences of the
devastating earthquake that occurred on February 6, 2023, is
donating an aggregate of US$1 million in funding to support
emergency relief efforts in Turkey.
Fairfax has worked with its investee companies
and employees in Turkey to identify initiatives and agencies
providing support and assistance in Turkey following the
earthquake, and donations will be made on behalf of the Fairfax
group of companies to support these initiatives and agencies,
including to the Canadian Red Cross.
Prem Watsa, Chairman and Chief Executive Officer
of Fairfax, commented, “We are deeply saddened by the devastation
and loss of lives resulting from the earthquake of February 6. We
are hopeful that our funding commitment will assist with the
provision of essential relief and rehabilitation services for
people affected by this terrible tragedy.”
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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