[December 11, 2012]

CVC Capital Partners Completes the Recapitalization of Cunningham Lindsey

Cunningham Lindsey Group Limited ("Cunningham Lindsey" or the "Company"), the leading global loss adjusting and claims management firm, and a CVC Capital Partners ("CVC") led investor group including Allied World Financial Services, Ltd announced the completion of a recapitalization by which funds affiliated with CVC have acquired majority ownership of Cunningham Lindsey from existing shareholders Stone Point Capital ("Stone Point") and Fairfax Financial Holdings (TSX: FFH) ("Fairfax"). Stone Point and Fairfax, along with the Company's management team, will remain substantial and active shareholders. Terms of the transaction, which was previously announced on October 1, 2012, were not disclosed.

Cunningham Lindsey is the largest loss adjusting and claims management firm globally with a network of approximately 7,000 people operating in 61 countries. Cunningham Lindsey's management team, led by CEO Philippe Bès, will continue to manage the Company, and Mr. Bès has joined the Company's Board of Directors.

"We are thrilled to have CVC's support and expertise as we enter the next chapter of growth for our firm," commented Cunningham Lindsey CEO Philippe Bès. "CVC's international footprint and significant resources will help us expand globally as we continue to deliver the unique capabilities and expertise that our clients look for from us."

Kamil Salame, CVC Partner and Head of the U.S. Financial Institutions Group, commented, "We look forward to supporting the global growth strategy of Cunningham Lindsey and working with its managementand existing investors to continue to be a highly valued service partner for the company's clients."

Cunningham Lindsey was advised on the transaction by BofA Merrill Lynch, Debevoise & Plimpton LLP and Wragge & Co. LLP. The CVC led investor group was advised by Willis Capital Markets and Advisory, Weil, Gotshal & Manges LLP and Clifford Chance. BofA Merrill Lynch, Morgan Stanley Senior Funding, Inc., RBC Capital Markets and UBS provided fully committed financing to CVC.

About Cunningham Lindsey

Cunningham Lindsey is a leading provider of independent loss adjusting and claims management services worldwide. In addition to its core loss adjusting services, Cunningham Lindsey provides engineering consultancy, risk management, risk survey, environmental remediation consultancy, valuation and related services. Cunningham Lindsey's global network consists of approximately 7,000 people in 61 countries worldwide.
www.cunninghamlindsey.com

About CVC Capital Partners

CVC is one of the world's leading private equity and investment advisory firms. Founded in 1981, CVC today has a network of 21 offices and some 280 employees throughout Europe, Asia and the US.

Currently, CVC manages funds on behalf of over 300 investors from North America, Europe, Asia and the Middle East, who entrust their capital to CVC for periods of 10 years or more. Raised from pension funds, financial institutions and various other partners, CVC Funds seek to identify attractive investments and develop sustainable, long-term value in close partnership with management teams. To date, CVC has secured commitments of over US$50 billion in funds from a diverse and loyal investor base, completing over 300 investments in a wide range of industries and countries across the globe, with an aggregate transaction value of around US$167 billion.

CVC has significant experience in financial services investments, and its dedicated Global Financial Institutions Group focuses on investing in leading financial businesses across North America, Europe and Asia. CVC has a number of portfolio companies in the financial institutions sector, including Acromas Holdings (UK finance, motoring and leisure services provider), Avolon (global commercial aircraft lessor), Brit Insurance (Lloyd's-based global insurance and reinsurance provider), Fraikin (European commercial vehicle operational leasing company), Raet (Netherlands payroll processor), RCBC (Philippines commercial bank), and Sun Hung Kai (Hong Kong retail brokerage house and consumer finance company).
www.cvc.com

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