Fairfax Financial Holdings News

Fairfax Financial Holdings Limited announced today that, through its Fairbridge Capital subsidiary, it has entered into an agreement with Thomas Cook Group plc in the United Kingdom to purchase its 77% interest in Thomas Cook Limited at a purchase price of INR 50 per share for a total cost of INR 8,174 million .

Canada's Fairfax Financial Holdings Ltd will buy Thomas Cook Group Plc's 77 percent stake in its India operations for about $150 million, as the UK holiday firm continues to pay down its debt.

Theology and high finance rarely intersect but one place they likely met is at the Toronto headquarters of insurance conglomerate Fairfax Financial Holdings in the winter of 2003.

Prem Watsa, the founder, chairman, and chief executive of Fairfax Financial Holdings, based in Toronto, Ontario, was born in 1950 in Hyderabad, India.

Prem Watsa Adds to Research-in-Motion, AbitibiBowater, Reduces Wells Fargo Prem Watsa is known for running the extremely successful insurance company Fairfax, increasing its book value by 25% for 25 years.

A New Jersey Superior Court Judge has dismissed racketeering claims against Morgan Keegan & Co.

By GuruFocus Renowned value investor and CEO of Fairfax Financial Prem Watsa has substantial paper losses from his investment in Research In Motion -- so far.

Renowned value investor and CEO of Fairfax Financial Prem Watsa is seeing substantial loss from his investment in Research-In-Motion so far.

May 7 - Fitch Ratings has affirmed the ratings of Fairfax Financial Holdings Limited as follows: --Issuer Default Rating at 'BBB; --Senior debt at 'BBB-'. Fitch has also affirmed the ratings of Fairfax's subsidiaries.

Prem Watsa is worried about the stock market. In fact, the famed value investor and CEO of Fairfax Financial has hedged his company's stock portfolio against a market downturn.

A.M. Best Co. has affirmed the issuer credit rating of "bbb" and the unsecured debt and preferred equity ratings of Fairfax Financial Holdings Limited.

Fairfax Financial Holdings Ltd. is no longer asking for Ontario's stock market regulator to weigh in on the Fibrek Inc.

Fairfax Financial Holdings Limited announces a net loss of $1.3 million in the first quarter of 2012 compared to a net loss of $240.6 million in the first quarter of 2011 , reflecting improved underwriting results and lower investment losses, partially offset by lower interest and dividend income.

Thousands of business people rely on OBJ to stay informed about local and national business news when it happens.

Prem Watsa, RIM's third-largest investor and newest board member, isn't expecting an overnight turnaround for the embattled BlackBerry maker.

Canada's Mercer International Inc withdrew from its battle with AbitibiBowater Inc to buy Fibrek Inc after nearly three months of legal setbacks.