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Friday, Mar 29, 2024

Insurance Merger Moves Forward

The California Department of Insurance approved the merger between Woodland Hills-based Zenith National Insurance Corp. and Toronto-based Fairfax Financial Holdings Limited. The acquisition of Zenith by Fairfax is expected to be completed on May 20. Fairfax Financial Holdings Limited is a financial services holding company engaged in property and casualty insurance, and reinsurance and investment management. Zenith National Insurance Corp. is a holding company engaged in workers’ compensation insurance business. Jessica Selva

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