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International

Fairfax's unit to begin managing AIG policies in Romania

January 19, 2018 Reprints

Canada-based insurer Fairfax Financial Holdings Ltd.'s unit Luxembourg-based Colonnade Insurance S.A. plans to begin operations in Romania, Xprimm.com reported. The move follows Colonnade's partnership with insurer American International Group Inc. to manage existing policies for AIG Europe Ltd.'s branch in Romania. AIG said that it is no longer offering new policies in the general insurance market in Romania and its team now forms part of Colonnade Insurance.

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Fairfax's unit to begin managing AIG policies in Romania

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