Brit offers a variety of coverages, including marine, professional liability for architects and engineers and loss of satellites. 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 London-based firm following a $1.9bn deal in 2015, will buy out all of its remaining stock. "We are delighted with this outcome and look forward to working together as we continue our journey towards becoming one of the world's leading insurance companies," said Mr Rivett.
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 London-based firm following a $1.9bn deal in 2015, will buy out all of its remaining stock. "We are delighted with this outcome and look forward to working together as we continue our journey towards becoming one of the world's leading insurance companies," said Mr Rivett.