Business NewsMarketWire • Fairfax to Acquire South African Insurer

Fairfax to Acquire South African Insurer

Fairfax to Acquire South African Insurer

TORONTO, ONTARIO--(Marketwired - July 6, 2016) - Fairfax Financial Holdings Limited ("Fairfax") (TSX:FFH)(TSX:FFH.U) announced today that it has entered into an agreement with Zurich Insurance Company Ltd to acquire 100% of its South African and Botswana operations, Zurich Insurance Company South Africa Limited ("ZICSA"). The transaction is subject to customary closing conditions, including various regulatory approvals, and is expected to close by the end of the fourth quarter of 2016.

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