Canadian group Fairfax Financial Holdings completed a shareholder agreement with the European Bank for Reconstruction and Development and became 100% owner of three Ukrainian insurance companies - ARX, ARX Life and UNIVERSALNA, Forinsurer reports.

On January 22, 2025, Fairfax Financial Holdings, which owned 70% of LLC FFH Ukraine, that controlled three Ukrainian insurance companies - two non-life companies and one life insurance company, acquired 30% of the EBRD's stake. The EBRD transferred its 30% stake to FFHL Group (100% owned by Fairfax Financial Holdings), thus FFHL Group’s stake in FFH Ukraine increased from 70% to 100%.

As a result of these changes, Fairfax became the sole owner of the insurance companies - UNIVERSALNA, ARX and ARX Life.

In 2024, the share of Fairfax group companies - UNIVERSALNA, Colonnade and ARX - on the Ukrainian non-life insurance market, according to Forinsurer, was 14%.