Fairfax not planning to merge Axa's operations with its unit

Canada-based Fairfax Financial Holdings Ltd. does not plan to merge its unit – Colonnade Ukraine Insurance Co. – with Axa's subsidiaries in Ukraine after acquiring them, Interfax-Ukraine reported. Fairfax recently purchased Axa's insurance business in Ukraine. Andriy Peretiazhko, vice president of Axa Insurance J.S.C., said that Fairfax's units operate under their own brand as part of its decentralized structure.

Read more.