Fairfax sells off 40% stake in Riverstone for $560mn

Prem Watsa Fairfax Financial

Fairfax - owner of Allied World and Brit - has agreed to sell a 40 percent interest in its run-off group Riverstone UK to Omers, a pension plan provider for Ontario municipal employees, for at least $560mn as it mulls plans for broader run-off retrenchment in the UK.

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