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Fairfax Financial Holdings buys Hartville Group

Fairfax Financial Holdings Limited (FFHL), a financial services holding firm, has completed the purchase of Hartville Group of Canton, Ohio, for an undisclosed amount.

Under the transaction, Hartville will serve as a wholly-owned subsidiary of Crum & Foster’s United States Fire Insurance Company and joins the Accident & Health division of Fairmont Specialty operation.

New Jersey-based Crum & Forster is a property and casualty insurance firm and a wholly-owned subsidiary of FFHL.

The deal allows Hartville to extend its partnership with Crum & Foster’s Fairmont Specialty group, which began in 2006 with the pet insurance coverage product.

The merger between Hartville and Fairmont will help in sustainable growth of the pet insurance program, claims the company.