Fairfax increases interest in Singapore Re from around 28% to 94%
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

Fairfax increases interest in Singapore Re from around 28% to 94%

Jairo Ibarra
August 02, 2021
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
fairfax-financial-logo-toronto.jpg

Fairfax Financial Holdings has increased its stake in Singapore Reinsurance from 28.2% to 94% for $103mn and begun consolidating its assets, liabilities and results into Singapore REIT, a general property-casualty insurer with operations in South East Asia.

Prem Watsa, Fairfax founder, chairman and CEO, said the carrier expected to acquire the remaining 6% of the company it did not own and delist it from the Singapore Stock Exchange.

During

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

News Fairfax Financial M&A
jairo ibarra/jairo ibarra ii us.png
Jairo Ibarra
Senior Reporter
Contact
Gift this article