Prem Watsa’s visit underscores Fairfax’s long-term commitment to Sri Lanka

Friday, 22 August 2025 00:24 - - {{hitsCtrl.values.hits}}

Fairfax Financial Holdings Group Chairman Prem Watsa (centre) with the Fairfirst Insurance Board of Directors, CEO, and Deputy CEO

Fairfirst Insurance recently welcomed Fairfax Financial Holdings Chairman and Chief Executive Officer Prem Watsa to its head office in Colombo.

Returning to Sri Lanka after six years, his visit reaffirmed the Fairfax Group’s strong and ongoing commitment to the country.

Even during the most challenging years of Sri Lanka’s economic crisis, Fairfirst stood firmly by its people—ensuring stability for employees and continuity for customers at a time when uncertainty was widespread. The Chairman’s visit was a meaningful recognition of that resilience and a celebration of the company’s values in action.

Watsa acknowledged Sri Lanka’s remarkable recovery in the aftermath of the 2022 crisis, noting how the country has steadily regained its footing through bold reforms, improved governance, and renewed investor confidence.

“After five years, the vehicle market has reopened, leading to a rise in new vehicle registrations. This is already creating a positive impact on the general insurance sector.

It’s a pleasure to see Sri Lanka’s economy regaining its strength. With stabilised macroeconomic conditions, easing inflation, and structural reforms underway, this vibrant country is once again full of opportunity,” he said.

Fairfirst, a key part of the global Fairfax Group, has made significant strides since Watsa’s last visit. The company continues to grow as a market leader, recognised for its innovation, customer-centric approach, and strong ethical foundations. With multiple industry accolades and longstanding initiatives like the Road Safety Awareness Program, Fairfirst remains committed to progress with purpose.

During his visit, Watsa met with team members across the organisation and spoke of the energy and ethos that define Fairfirst. “It’s truly energising to meet such a passionate and forward-thinking team, living the values that define the Fairfax culture,” he remarked.

He also extended his best wishes to CEO Steve Yendall and Deputy CEO Ravishankar Wickneswaran, expressing full confidence in their leadership.

“I am confident that Steve and Ravi will lead Fairfirst to become not just the best in service, but the most trusted general insurer in the country.”