Company: FRFXF
Filing Date: 2025-03-14
Form Type: F-4
Source: 0001104659-25-024010
Chunk: 15

Company: FAIRFAX FINANCIAL HOLDINGS LTD/ CAN
Filing Date: 2025-03-14
Form: F-4
Chunk 15
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 delivering quality solutions for the creation, management and operation of infrastructure across Canada. AGT is a supplier of pulses, staple foods and food ingredients. Farmers Edge provides advanced digital tools to growers and other key participants in the agricultural value chain. Grivalia Hospitality acquires, develops and manages hospitality real estate in Greece, Cyprus and Panama. Thomas Cook India is an integrated travel and travel-related financial services company in India, offering a broad range of services that include foreign exchange, corporate and leisure travel and insurance. Sterling Resorts is engaged in vacation ownership and leisure hospitality and operates a network of resorts in India. Fairfax India invests in public and private equity and debt instruments in India and Indian businesses or other businesses primarily conducted in or dependent on India.

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Our invested assets are managed
by our wholly-owned investment management subsidiary, Hamblin Watsa. Hamblin Watsa has managed our invested assets since September 1985
and emphasizes a conservative investment philosophy, seeking to invest our assets on a total return basis, which includes realized and
unrealized gains over the long-term, using a value-oriented approach.

Our insurance operations
primarily use brokers to distribute their business and, in some instances, will distribute through agents or directly to the customer.
They may also conduct business through third parties such as managing general agents where it is cost effective to do so and where we
can control the underwriting process to ensure our risk management criteria are met. Our insurance operations have relationships with
many different types of brokers including independent retail brokers, wholesale brokers and national brokers depending on the particular
jurisdiction. Each of these channels has its own distinct distribution characteristics and customers. Our reinsurance operations are dependent
primarily on a limited number of international reinsurance brokers.

<div align='center'>Recent Developments</div>

Executive Announcements

On March 7, 2025, we
announced that, effective March 10, 2025, Amy Sherk has been appointed Chief Financial Officer of Fairfax and Jennifer Allen, who
held this position since 2019 and has been with Fairfax for 19 years, will transition into the new role of Chief Business Officer of
Fairfax.

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The Exchange Offer The following is a brief summary of certain terms of the Exchange Offer. For a more complete description of the terms of the Exchange Offer, see “The Exchange Offer”.

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