Fairfax to acquire majority stake in Greece’s third-largest insurer
Eurolife's CEO will continue to lead the company
Fairfax will pay 316 million euros or $481.6 million.
Eurolife provides life and non-life products as well as brokerage services in Greece and Romania.
CEO Alexander Sarrigeorgiou and his team will continue to lead Eurolife after the transaction closes.
The transaction is subject to regulatory approval and is expected to close in the third quarter of 2016.