Fairfax Financial Holdings Limited (TSX:FFH) entered into a definitive agreement to acquire Zurich Insurance Company South Africa Limited from SA Fire House Limited on July 6, 2016. No job losses are expected pursuant to the deal. Zurich Insurance Company South Africa Limited had net asset value of ZAR 1.8 billion. The transaction is subject to customary closing conditions including various regulatory approvals and competition commission approval. The transaction is expected to close by the end of the fourth quarter of 2016. Morgan Stanley acted as financial advisor to Zurich Insurance