Fairfax exits 18-year investment in ICICI Lombard, clocking modest returns overall

Canadian investor Fairfax Financial Holdings Ltd has sold its remaining stake in India’s largest private non-life insurer ICICI Lombard General Insurance Company Ltd, clocking modest returns overall and bringing down the curtains on its 18-year investment. FAL Corporation, the local investment vehicle of Fairfax controlled by India-born billionaire Prem Watsa, has ......