Fairfax Financial Holdings Limited

Founded in 1985 by Chairman and CEO Prem Watsa, Fairfax Financial Holdings Limited is a holding company headquartered in Toronto, Canada. The company operates on a decentralized basis, with its subsidiaries managing their own insurance operations. Fairfax's core business is property and casualty insurance and reinsurance, and it follows a value-oriented investment strategy to manage the capital generated from these businesses, a model often compared to that of Berkshire Hathaway. The company's guiding principles emphasize a long-term investment horizon and maintaining a "fair and friendly" approach in all its business dealings.