Fairfax Financial Holdings Limited (FFH_U.TO,FFH.TO) announced it has entered into an agreement with QBE Insurance (Europe) Limited to acquire QBE's insurance operations in the Czech Republic, Hungary and Slovakia. The existing businesses and renewal rights of QBE's operations are expected to be transferred to Fairfax by the third quarter of 2015.
On closing, these operations will become part of Fairfax Eastern Europe under the leadership of Peter Csakvari.
For comments and feedback contact: editorial@rttnews.com
Business News