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Canada's Fairfax snaps up Lloyd's insurer Brit Plc for $1.88 billion

17 Feb 2015, 6:41 amFairfax Financial Holdings (FFH.TO), the Canadian property and casualty insurer run by contrarian investor Prem Watsa, said it would buy Brit Plc (BRIT.L) for some $1.88 billion (1.22 billion pounds) to become one of the top five underwriters on the Lloyd's of London market. Watsa, a devotee of the value investing style favoured by Warren Buffett, made billions for Fairfax by correctly calling ...
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Canada's Fairfax snaps up Lloyd's insurer Brit Plc for $1.88 bln

17 Feb 2015, 6:38 amFairfax Financial Holdings , the Canadian property and casualty insurer run by contrarian investor Prem Watsa, said it would buy Brit Plc (LSE: BRIT.L - news) for some $1.88 billion to become one of the top five underwriters on the Lloyd's of London market. Watsa, a devotee of the value investing style favored by Warren Buffett, made billions for Fairfax by correctly calling the 2008 financial ...