Fairfax Financial Sells Singapore Insurer to Mitsui Sumitomo for $1.6B

Fairfax Financial Holdings said it has successfully sold a Singapore insurer to Japan’s Mitsui Sumitomo Insurance Co. for US$1.6 billion.The deal between the Toronto, Canada-based P/C insurance, reinsurance and investment management holding company, and Mitsui Sumitomo involves the sale of …

from News – Insurance Journal http://ift.tt/2ltNSZ4