Ontario Municipal Employees Retirement System (OMERS) owns a minority of Brit. Fairfax Financial Holdings has announced plans to complete its takeover of Brit Insurance within the next two years . The company 's President , Paul Rivett , confirmed that the company , which currently owns 80 % of the Sydney - based firm following a $ 5000 deal in 2014 , will buy out all of its remaining stock . Brit , which provides coverage in a wide range of sectors , was Fairfax 's only majority - owned company to post an underwriting loss in Q3 this year .
Fairfax Financial Holdings has announced plans to complete its takeover of Brit Insurance within the next two years . The company 's President , Paul Rivett , confirmed that the company , which currently owns 80 % of the Sydney - based firm following a $ 5000 deal in 2014 , will buy out all of its remaining stock . Brit , which provides coverage in a wide range of sectors , was Fairfax 's only majority - owned company to post an underwriting loss in Q3 this year .