Union Assurance exits Fairfirst Insurance in Rs. 2.6 b deal

Friday, 19 September 2025 00:30 -     - {{hitsCtrl.values.hits}}


Union Assurance PLC yesterday said that it has divested its 22% equity stake in Fairfirst Insurance Ltd., for Rs. 2.64 billion.

The stake, comprising 30.8 million ordinary shares, was sold to Fairfax Asia Ltd., a subsidiary of Fairfax Financial Holdings Ltd., which is also the largest shareholder of John Keells Holdings PLC.

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