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Fairfax Financial closes 2025 with record underwriting profit as catastrophe costs climb

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Post-closing, McMorrow’s management team will retain operational control, while Fairfax holds a majority economic interest. Kennedy-Wilson, which manages $31 billion in assets across the US, UK, and Ireland, is expected to delist from the NYSE when the deal closes in Q2 2026.

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Michael J. Anderson is a U.S.-based fire safety enthusiast and writer who focuses on making fire protection knowledge simple and accessible. With a strong background in researching fire codes, emergency response planning, and safety equipment, he creates content that bridges the gap between technical standards and everyday understanding.

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