Fairfax announces acquisition of Omers investment in Brit
Fairfax Financial Holdings has increased its ownership interest in Brit to 100% from 86.2% by acquiring the interest of OMERS, the pension plan for Ontario’s municipal employees, for cash consideration of approximately $383 million.
Brit is a global specialty insurer and reinsurer.
In 2023, it reported $3.75 billion in written premiums and profit after tax of $895.4 million.
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