an offer of a sale of the company to NordStar Capital. The $52 million deal, supported by Fairfax, was expected to close by year end. On April 24, 2018, it was announced that Fairfax Financial Holdings Ltd. would acquire the Canadian division of Toys "R" Us for approximately $234 million with the intention to keep the 82 remaining stores in Canada open under the Toys "R" Us brand even after the chain's liquidation in the United States. The deal was completed on June 1, 2018. Fairfax sold Toys R Us Canada to businessman Doug Putman in 2021. Fairfax Latin America Ltd. is a wholly-owned subsidiary of Fairfax. Based in Miami, Florida, it offers a wide range of general insurance products, including property, automobile and various specialty lines, through its subsidiaries located in Argentina, Chile, Colombia and Uruguay. Fairfax Latin America has approximately 970 employees and, in 2021, generated annual gross premiums that exceeded US$727 million. Fairfax Latin America underwrites through SBS Seguros Colombia S.A., Southbridge Insurance Company, Meridional Seguros and SBI Seguros Uruguay S.A. Fairfax Financial has over 8,200 employees worldwide (5,000 of them in the United States). There are just 30 employees at head office in Toronto. On August 9, 2022, Fairfax Financial proposed a $954 million takeover bid for the Canadian restaurant operator Recipe Unlimited Corp. Subsidiaries Brit plc an international insurance and reinsurance group, acquired by Fairfax in 2015 Odyssey Re based in Stamford, Connecticut, underwrites treaty and facultative reinsurance as well as specialty insurance business (100%-owned by Fairfax). Northbridge Financial based in Toronto, provides property and casualty insurance through its Commonwealth, Federated, Lombard and Markel subsidiaries, primarily in the Canadian market as well as in selected U.S. and international markets (100%-owned—Fairfax completed the privatization of Northbridge on January 13, 2009). Fairfax Latin America Ltd. Based in Miami, Florida, it offers a wide range of general insurance products, including property, automobile and various specialty lines. Crum & Forster based in Morristown, New Jersey, is a property and casualty insurance company. Zenith Insurance Company based in Woodland Hills, California, is a wholly owned subsidiary of Fairfax. Zenith is a specialist in workers' compensation insurance. Fairfax purchased 100% of Zenith National Insurance Corp for approximately $1.3 billion on May 20, 2010. Falcon Insurance, based in Hong Kong, writes property and casualty insurance. First Capital based in Singapore, writes property and casualty insurance. The U.S. runoff group, which consists of