Fairfax Financial buying stake in Chinese insurer
NEW YORK_Canadian insurance and asset management company Fairfax Financial Holdings Ltd. said Monday that it was buying a 15 percent stake in a Chinese insurer for roughly $66 million.
TOKYO, June 18 -Mitsui Sumitomo Insurance Co. said Friday it will enter the Malaysian life insurance market by acquiring a 30 percent stake in Hong Leong Assurance Bhd., the sixth-largest life insurer in the nation.