Add-on Acquisition • Insurance

Fairfax Acquires Zenith National Insurance

On May 20, 2010, Fairfax acquired insurance company Zenith National Insurance

Acquisition Context
  • This is Fairfax’s 3rd transaction in the Insurance sector.
  • This is Fairfax’s 2nd transaction in the United States.
  • This is Fairfax’s 1st transaction in California.

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M&A Deal Summary

Date May 20, 2010
Target Zenith National Insurance
Sector Insurance
Buyer(s) Fairfax
Deal Type Add-on Acquisition

Target Company

Zenith National Insurance

Woodland Hills, California, United States
Zenith National Insurance is a provider of workers compensation and agribusiness insurance business.
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Buyer Overview 1

Buyer

Fairfax

Toronto, Ontario, Canada

Category Company
Founded 1951
Sector Insurance
Employees15,891
Revenue 28.4B USD (2024)
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 Context for Buyer #
Overall 3 of 14
Sector: Insurance 3 of 7
Type: Add-on Acquisition 2 of 10
State: California 1 of 1
Country: United States 2 of 4
Year: 2010 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-03 Arab Orient Insurance Co.

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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-29 Pethealth

Oakville, Ontario, Canada

Pethealth is a provider of medical insurance for dogs and cats to pet owners, operating in the United States, Canada, and the United Kingdom. In addition, the Company is a provider of management software to North American animal welfare organizations through its SaaS-based application and is the leading provider of pet-related database management services to the North American companion animal industry. Pethealth is based in Oakville, Ontario.

Buy $100M