Lloyd’s Fairfax to Buy Brit Plc Insurance Firm

Prem Watsa, owner of Fairfax Financial, to acquire Brit Plc

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

About Gabriel Lowenberg

Gabriel Lowenberg is CEO and president of Lowenberg Investment Counsel Inc., an independent wealth investment management firm. The views and opinion expressed in this article are those of Mr. Lowenberg and do not constitute investment advice.

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