About Fairfax
Fairfax Financial Holdings Limited is a holding business which, through its subsidiaries, is mainly participated in property and casualty insurance coverage and reinsurance and the associated financial investment management.
About Crum & Forster Pet
For over twenty years, Crum & Forster Pet Insurance Group™ has actually been devoted to assisting individuals get access to trustworthy and budget friendly animal insurance coverage strategies. From regular examinations to unanticipated diseases, our strategies are available to pet moms and dads of cats and dogs. Plans are adjustable based upon specific requirements, consisting of protection levels, policy limitations, and deductibles. We pride ourselves on pioneering brand-new improvements in the market. Crum & Forster Pet Insurance Group is establishing member of the North American Pet Health Insurance Association (NAPHIA). Pethealth Inc. deals pet services through 2 brand names 24Pet and VioVet. 24Pet are the professionals in lost animal options, animal adoptions, animal well-being and shelter assistance. A family of platforms, services, items, and individuals, consumed with animals. From linking them with caring households, to securing and assisting keep them happy, healthy, and home. VioVet is a UK signed up veterinary online animal merchant that provides a range of animal and horse products, consisting of prescription and non-prescription medications, supplements, food, toys and more.
About Independence Pet Group
Independence Pet Group is an incorporated, full-stack animal insurance coverage platform indirectly bulk owned by JAB Holding Company. It provides an extensive variety of underwriting choices, turnkey partner options, and consumer-facing insurance coverage items through its completely own subsidiary, Independence American Insurance Company, a leading supplier of underwriting services to the animal insurance coverage sector with licenses in all 50 states. It likewise is a bulk investor in Pet Partners, Inc., which disperses and administers through first-rate animal insurance coverage brand names AKC Pet Insurance and its worksite brand name, PetPartners. PetPartners in turn owns Figo, a leading direct-to-consumer brand name which uses an extremely appealing and mobile friendly Pet Cloud that enables customers to handle their animal’s health care, socially engage with fellow animal moms and dads, and quickly discover and find services within the animal community, and Third Party Pet, offering business services to breeders, animal sellers and their consumers varying from live animal stock management software, scheduling and helping with adoptions, micro-chip and registration services and tailored animal items.
Media Contacts
Crum & Forster Pet: Hallie Harenski, Head of Corporate Communications at [email protected]
Fairfax: John Varnell, Vice President, Corporate Development at (416) 367-4941
Independence Pet Group: Amanda Trcka, Marketing Communications and PR Manager at (203) 231-9975 or [email protected] and Tom Johnson or Jake Yanulis, Abernathy MacGregor, at [email protected] or [email protected]
Forward Looking Statements
Certain declarations consisted of herein might make up positive declarations and are made pursuant to the “safe harbour” arrangements of the United States Private Securities Litigation Reform Act of 1995 and appropriate Canadian securities laws. Particularly, declarations about the deal explained above and the terms thereof (consisting of connecting to the terms, conditions and the timing for closing of the proposed deal explained above) are positive declarations. Such positive declarations undergo recognized and unidentified threats, unpredictabilities and other elements which might trigger the real outcomes, efficiency or accomplishments of Fairfax to be materially various from any future outcomes, efficiency or accomplishments revealed or indicated by such positive declarations. Such elements consist of, however are not restricted to: failure to finish the deal explained above which undergoes traditional conditions; decrease in net revenues if our loss reserves are inadequate; underwriting losses on the threats we guarantee that are greater or lower than anticipated; the incident of disastrous occasions with a frequency or intensity surpassing our price quotes; modifications in market variables, consisting of rates of interest, foreign exchange rates, equity costs and credit spreads, which might adversely impact our financial investment portfolio; threats connected with the worldwide pandemic brought on by an unique pressure of coronavirus (“COVID-19”), and the associated worldwide decrease in commerce and significant slumps in stock exchange worldwide; the cycles of the insurance coverage market and basic financial conditions, which can considerably affect our and our rivals’ premium rates and capability to compose brand-new business; inadequate reserves for asbestos, ecological and other hidden claims; direct exposure to credit threat in case our reinsurers stop working to pay to us under our reinsurance plans; direct exposure to credit threat in case our insureds, insurance coverage manufacturers or reinsurance intermediaries stop working to remit premiums that are owed to us or failure by our insureds to repay us for deductibles that are paid by us on their behalf; our failure to keep our long term financial obligation scores, the failure of our subsidiaries to keep monetary or declares paying capability scores and the effect of a downgrade of such scores on acquired deals that we or our subsidiaries have actually participated in; threats connected with executing our business methods; the timing of claims payments being quicker or the invoice of reinsurance recoverables being behind expected by us; threats connected with any usage we might make from acquired instruments; the failure of any hedging techniques we might utilize to accomplish their wanted threat management goal; a reduction in the level of need for insurance coverage or reinsurance items, or increased competitors in the insurance coverage market; the effect of emerging claim and protection problems or the failure of any of the loss restriction techniques we utilize; our failure to gain access to money of our subsidiaries; our failure to obtain necessary levels of capital on beneficial terms, if at all; the loss of essential workers; our failure to obtain reinsurance protection in adequate quantities, at sensible costs or on terms that properly secure us; the passage of legislation subjecting our businesses to extra unfavorable requirements, guidance or guideline, consisting of extra tax guideline, in the United States, Canada or other jurisdictions in which we run; threats connected with federal government examinations of, and lawsuits and unfavorable promotion associated to, insurance coverage market practice or any other conduct; threats connected with political and other advancements in foreign jurisdictions in which we run; threats connected with legal or regulative procedures or considerable lawsuits; failures or security breaches of our computer system and information processing systems; the impact exercisable by our considerable investor; unfavorable changes in foreign currency exchange rates; our reliance on independent brokers over whom we work out little control; disability of the bring worth of our goodwill, indefinite-lived intangible properties or financial investments in partners; our failure to understand deferred earnings tax properties; technological or other modification which negatively affects need, or the premiums payable, for the insurance coverage protections we provide; interruptions of our infotech systems; evaluations and shared market systems which might negatively impact our insurance coverage subsidiaries; unfavorable repercussions to our business, our financial investments and our workers arising from or associated to the COVID-19 pandemic; and the failure to finish or understand the awaited advantages of the deal explained above. Additional threats and unpredictabilities are explained in Fairfax’s most just recently provided Annual Report which is available at www.fairfax.ca and in Fairfax’s Base Shelf Prospectus (under “Risk Factors”) submitted with the securities regulative authorities in Canada, which is available on SEDAR at www.sedar.com. Fairfax disclaims any intent or commitment to upgrade or modify any positive declarations, whether as an outcome of brand-new info, future occasions or otherwise, other than as needed by appropriate securities law.
