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Press release content from Globe Newswire. The AP news staff was not involved in its creation.

Fairfax Announces Successful Completion of OMERS Investment in Brit

August 27, 2021 GMT

TORONTO, Aug. 27, 2021 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) announces the successful completion of the previously announced transaction in which OMERS, the pension plan for Ontario’s municipal employees, will acquire an approximate 14% interest in Fairfax’s subsidiary, Brit Limited (“Brit”), for cash of approximately US$375 million.   After closing, Fairfax will retain the flexibility to repurchase OMERS’ interest in Brit over time.

Fairfax is a holding company which, through its subsidiaries, is 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