Fairfax’s Prem Watsa has emerged as a frontrunner to buy ailing smartphone maker

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Fairfax Financial chief executive Prem Watsa has emerged as a frontrunner to buy troubled smartphone maker BlackBerry, the Guardian reports.

Canada-based Fairfax is the parent of a number of well-known international (re)insurance companies, including Odyssey Re and Lloyd’s insurer Advent.

Fairfax’s run-off entity, Riverstone, is managing the run-off of Brit’s UK legal entity, Brit Insurance Limited.

Watsa, described as Canada’s Warren Buffett, resigned from BlackBerry’s board on Monday, seven months after joining.

The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
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