M&A Deal Summary

Fairfax Acquires Arab Orient Insurance

On June 3, 2008, Fairfax acquired insurance company Arab Orient Insurance

Acquisition Highlights
  • This is Fairfax’s 2nd transaction in the Insurance sector.
  • This is Fairfax’s 1st transaction in Jordan.

M&A Deal Summary

Date 2008-06-03
Target Arab Orient Insurance
Sector Insurance
Buyer(s) Fairfax
Deal Type Add-on Acquisition

Target

Arab Orient Insurance

Amman, Jordan
Arab Orient Insurance Co. is one of the leading insurance companies in the region and its reputation is synonymous with reliability and quality.

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Buyer(S) 1

Buyer

Fairfax

Toronto, Ontario, Canada

Category Company
Founded 1951
Sector Insurance
Employees15,891
Revenue 25.8B USD (2023)
DESCRIPTION

Fairfax is a financial services holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and investment management. Fairfax’s corporate objective is to achieve a high rate of return on invested capital and build long-term shareholder value. Fairfax was founded in 1951 and is based in Toronto, Ontario.


DEAL STATS #
Overall 2 of 12
Sector (Insurance) 2 of 7
Type (Add-on Acquisition) 1 of 8
Country (Jordan) 1 of 1
Year (2008) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-03 SRO Napa

Napa,, California, United States

SRO Napa is a California-based managing general underwriter that produces and underwrites excess casualty and other specialty casualty insurance products through three U.S. regional offices in Napa, California, North Olmsted, Ohio and West Hartford, Connecticut.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-20 Zenith National Insurance

Woodland Hills, California, United States

Zenith National Insurance is a provider of workers compensation and agribusiness insurance business.

Buy -