Company: FRFXF
Filing Date: 2025-03-26
Form Type: 424B3
Source: 0001104659-25-028272
Chunk: 91

Company: FAIRFAX FINANCIAL HOLDINGS LTD/ CAN
Filing Date: 2025-03-26
Form: 424B3
Chunk 91
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 2023 upon receiving authorization for its U.K. branch to
become a U.K. branch of an international insurer.

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Ogden Tables

Our insurance business in
the United Kingdom includes insurance of liability for personal injury. Where a personal injury claim is determined or settled with a
lump sum payment, the payment is calculated in accordance with the “Ogden Tables”. The Ogden Tables contain a discount rate
that is set by the U.K. government and is applied when calculating the present value of loss of earnings for claims settlement purposes.
A change in the discount rate used in the Ogden Tables impacts all relevant claims settled after that date, regardless of whether the
insurance to which the claim relates was priced on that basis or not (or occurred after that date or not). A reduction in the Ogden
discount rate increases lump sum payments to personal injury claimants, and in consequence the amount of reserves required to be held
by insurers in relation to outstanding claims. The U.K. Government recently announced that the Ogden discount rate would be aligned in
England and Wales, Scotland and Northern Ireland to 0.5%.

Data protection

The United Kingdom and the
European Union are subject to data protection laws, which regulate the obtaining and use of personal data relating to living individuals.
As a result of leaving the European Union, the key data protection laws of the United Kingdom are the U.K. General Data Protection Regulation
(“UK GDPR”), supplemented by the Data Protection Act 2018. The UK GDPR currently aligns with the European Union’s
GDPR (“EU GDPR”), which applies across the EEA (also supplemented by national data protection laws), which has applied
since May 25, 2018. The UK GDPR or EU GDPR (as applicable) applies to everyone working in Fairfax’s businesses in the EEA
and the United Kingdom, as well as Fairfax’s businesses outside the EEA or the United Kingdom that provide services to or monitor
individuals (including customers) in the EEA or the United Kingdom (as applicable) as a result of the extraterritorial application of
these laws. The UK GDPR and/or EU GDPR require, among other things, businesses to: (a) process personal data fairly, lawfully and
transparently, for specified and legitimate purposes and in accordance with data minimization; (b) store personal data no longer
than needed; (c) adequately protect personal data;