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Fairfax to acquire QBE operations in CR, SR and Hungary

Fairfax Financial Holdings (Fairfax) has announced that it has signed an agreement with QBE Insurance (Europe) to acquire QBE insurance operations in the Czech Republic, Hungary and Slovakia. The existing business and rights in the Czech Republic, Hungary and Slovakia will be transferred to Fairfax in Q3 2015. Fairfax chairman and CEO Prem Watsa said that the Fairfax team will be managed by Peter Csakvari in this area.