Fairfax Financial Holdings Limited is a holding company. The Company, through its subsidiaries, is engaged in property and casualty insurance, and reinsurance and investment management. The Company's insurance and reinsurance companies operate on a decentralized basis. The Company's subsidiaries provide a range of property and casualty products, maintaining a diversified portfolio of risks across all classes of business, geographic regions, and types of insureds. The Company's investments are managed by Hamblin Watsa Investment Counsel Ltd. (Hamblin Watsa Investment Counsel). The Company's principal subsidiaries include Northbridge Financial Corporation, Federated Insurance Company of Canada Limited, Crum & Forster Holdings Corp, Seneca Insurance Company, Inc., Zenith National Insurance Corp., Odyssey Re Holdings Corp., First Capital Insurance Limited, Falcon Insurance Company (Hong Kong) Ltd. and The Pacific Insurance Berhad, among others.