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Brit to operate on 'decentralised basis', says Fairfax CEO

Lloyds of London Building

Fairfax Finance CEO and chairman Prem Watsa has hailed Brit's "outstanding" 10 year track record Following the firm's 305p a share offer for the insurer.

Commenting on the proposed all cash offer for specialist insurer Brit, Watsa said: "We welcome Mark Cloutier [Brit CEO] and his market leading specialty insurance and reinsurance team at Brit to our

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