Brit was the only major Fairfax-owned insurer with an underwriting loss in the latest quarter. Brit has announced plans to complete its takeover of Brit Insurance within this year . The company's President, Paul Rivett , confirmed that the company, which currently owns 80% of the London -based firm following a $ $2.8 billion deal in this year , will buy out all of its remaining stock. Brit , which offers coverage in a wide range of sectors, was Fairfax 's only majority-owned company to post an underwriting loss in Fairfax this year .
Brit has announced plans to complete its takeover of Brit Insurance within this year . The company's President, Paul Rivett , confirmed that the company, which currently owns 80% of the London -based firm following a $ $2.8 billion deal in this year , will buy out all of its remaining stock. Brit , which offers coverage in a wide range of sectors, was Fairfax 's only majority-owned company to post an underwriting loss in Fairfax this year .