Fairfax Financial Holdings will sell an 80% stake in Eurolife FFH Insurance Group Holdings’ life insurance business to Eurobank for €813m. Fairfax will retain 80% of Eurolife’s property and casualty insurance. Additionally, Fairfax will acquire 45% of ERB Asfalistiki for €59m, with an option to buy the remaining 55%. The deal is expected to close in Q1 2026. Alexandros Sarrigeorgiou will lead Eurolife’s general insurance division under Eurobank ownership. CEO Prem Watsa expressed optimism about the transaction, aiming to strengthen Fairfax’s position in the Greek insurance market.

Read more at Yahoo Finance: Fairfax Financial to divest 80% stake in Eurolife’s life insurance business