Fairfax Financial Holdings Limited (Fairfax) is a financial services holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and investment management. The segments of Fairfax are Canadian Insurance, U.S. Insurance, Asian Insurance, Reinsurance, Runoff and others. During the year ended December 31, 2007, the Company completed the acquisition of Cunningham Lindsey. On April 3, 2007, the Company completed the sale of substantially all of the assets of Guild Underwriters Napa Inc. In September 2008, Fairfax completed a 58.51% stake in Advent Capital (Holdings) PLC.
Fairfax Financial Holdings Limited
News
Yesterday the Australian share market closed higher with most of the upside in the financial sector, after news that American billionaire Warren Buffet would buy a $US5 billion slice of investment bank Goldman Sachs. As Buffet is a long term investor with a good record of investing at the right time, people speculate that potentially it's the bottom of financial stocks.
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