Judge Rejects Bid by Zenith Shareholders to Block Sale

WILMINGTON, DE - Bloomberg Business Week reports that Chancery Court Judge J. Travis Laster has denied Zenith National Insurance Corp. investors' request to block Fairfax Financial Holdings Ltd. from acquiring the insurer for $1.3 billion in cash.

Zenith Shareholders Vote Overwhelmingly in Favor of Acquisition by Fairfax

WOODLAND HILLS, CA - Zenith National Insurance Corp. announced today that its stockholders voted overwhelmingly in favor of the company's acquisition by Fairfax Financial Holdings Limited. At a special meeting of stockholders held today at Zenith's headquarters in Woodland Hills, California...

Fairfax CEO Says Investment Folios Will Be Volatile

TORONTO, CANADA - The Canadian Press reports that Prem Watsa, the Chairman and CEO of Fairfax Financial Holdings Ltd., stated during a quarterly conference call today that Fairfax's investment portfolios will continue to be volatile due to the prevailing economic uncertainty. Fairfax has made various...

A.M.Best Affirms Ratings for Zenith and Its Subsidiaries

OLDWICK, NJ - A.M. Best Co. has affirmed the financial strength rating (FSR) of A (Excellent) and issuer credit ratings (ICR) of "a" of Zenith National Insurance Group (Zenith) and its members, Zenith Insurance Company and its wholly owned subsidiary, ZNAT Insurance Company. Concurrently...

Zenith Announces Commencement of Consent Solicitation

WOODLAND HILLS, CA - Zenith National Insurance Corp. ("Zenith") announced today the commencement of a consent solicitation relating to the 8.55% Capital Securities (Liquidation Amount of $1,000 per Capital Security) (the "Capital Securities") of Zenith National Insurance Capital Trust...

Fairfax Receives Regulatory Approval for Zenith Acquisition

TORONTO & WOODLAND HILLS, CA - Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) ("Fairfax") and Zenith National Insurance Corp. (NYSE: ZNT) ("Zenith") today announced that Fairfax has received approval from the California Department of Insurance for the acquisition by Fairfax...

Zenith Announces Successful Consent Solicitation

WOODLAND HILLS, CA - Zenith National Insurance Corp. ("Zenith") announced Wednesday that it has received the requisite consents from the holders of the 8.55% Capital Securities (Liquidation Amount of $1,000 per Capital Security) (the "Capital Securities") of Zenith National Insurance...