Prem Watsa

39 results

Fiona Muldoon, chief executive of FBD, has “no reason to believe”  Fairfax, founded by Prem Watsa, won’t  convert its  €70 million bond holding in FBD into equity in 2018.  Photograph: Eric Luke

Insurer FBD Holdings’ chief executive, Fiona Muldoon, sees Canadian investment firm Fairfax Financial Holdings moving next year to take a 20 per cent (...)

Richie Boucher. Photograph: Aidan Crawley

Prem Watsa, Canada’s answer to Warren Buffett, was in flying form as he addressed a luncheon in Toronto during the week. There was plenty in the fou(...)

 Prem Watsa initially acquired a 9.3 per cent stake in Bank of Ireland and began to sell his investment investments in March 2014. Photograph: Aaron Harris/Reuters

Canadian investment guru Prem Watsa’s Fairfax Financial Holdings has made a CAD$806 million (€566 million) gain on its 2011 rescue investment in Bank (...)

Richie Boucher: variously described as driven, committed, focused, resolute, and hardworking. Photograph: Aidan Crawley

Given his age (59 in August), length of service (14 years, eight as chief executive) and the fact that Bank of Ireland has embarked on a substantial p(...)

FBD Holdings’ shares have surged over 15 per cent so far this year. Canadian investor Fairfax Financial Holdings, founded by Prem Watsa,  may convert €70m of FBD bonds into equity from next year if shares top €8.50

FBD Holdings’ shares have surged over 15 per cent so far this year, significantly bolstering Canadian investor Fairfax Financial Holdings’ chances of(...)

Fairfax Financial Holdings chairman Prem Watsa: Watsa and US billionaire Wilbur Ross were among a group of audacious investors who snapped up a 35 per cent stake in the Bank of Ireland for €1.1 billion in 2011. Photograph: Aaron Harris/Reuters

Bank of Ireland’s 10 per cent rally on Friday is of cold comfort to Prem Watsa, the legendary value investor and head of Fairfax Financial in Toronto.(...)

There can be no “sacred cows” as FBD seeks to turn around its financial performance

FBD chief executive Fiona Muldoon has told shareholders office closures cannot be ruled out as the insurer strives to return to profitability. In ans(...)

Mr Garvey is understood to have told the company his decision in recent days

Troubled insurer FBD’s director of sales, Michael Garvey, is leaving the company, it has emerged. Mr Garvey is understood to have told the company his(...)

The Central Bank has concerns about the level of awards made to claimants Photograph: Matt Kavanagh / The Irish Times

Insurers will have to set aside significantly more reserves to cover car-crash, workplace injuries and other claims as compensation payouts surge, acc(...)

A €70 million loan from Prem Watsa’s Fairfax will help troubled insurer FBD meet tough new solvency standards that the EU intends to impose on underw(...)

  • « First
  • Prev
  • 1
  • 2
  • 3
  • 4
  • Next
  • Last »