- Fairfax Financial Holdings (FFH) has committed US$5 million to India for COVID-19 relief
- The company made the commitment together with the Fairfax India Charitable Trust and Fairfax India Holdings Corporation (FIH.U)
- The first initiative is to create emergency hospitals with help from Dexterra Group
- Fairfax is also committing to fund the needs of employees of its Indian investee companies during the pandemic
- Fairfax is a holding company engaged in property and casualty insurance and reinsurance and the associated investment management
- Fairfax Financial Holdings (FFH) is down by 1.4 per cent and is trading at $561.51 per share
Fairfax Financial Holdings (FFH) has committed US$5 million to India for COVID-19 relief.
The company made the commitment together with the Fairfax India Charitable Trust and Fairfax India Holdings Corporation (FIH.U).
The first initiative is to coordinate with Quess Corp., the Bangalore International Airport and the local government to create emergency hospitals with help from Dexterra Group.
Fairfax is also committing to fund the needs of employees of its Indian investee companies during the pandemic.
Prem Watsa, Chairman and CEO of Fairfax, commented,
“We are saddened by the current crisis in India resulting from the COVID-19 pandemic. Fairfax wishes to assist India in traversing this incredibly difficult time and are hopeful that our commitment will provide some relief to India and its healthcare system.”
Fairfax is a holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and the associated investment management.
Fairfax Financial Holdings (FFH) is down by 1.4 per cent and is trading at $561.51 per share as of 2:27 pm ET.