This story is notable because Prem Watsa, the owner of Fairfax Financial, is widely regarded as a savvy investor. It should not be a surprise that this acquisition seems to be a good fit. Here is the stand-out quote in Bloomberg Business’s article on the trade:
“Brit’s position as a market-leading global specialty insurer and reinsurer, its major presence in Lloyd’s and its disciplined approach to underwriting make it a natural candidate” to join Fairfax, the buyer said.
You can read more about the acquisition in the full article:
Watsa’s Fairfax to Buy Brit for $1.88 Billion in London Push