On June 20, 2022, JAB Holding Company has agreed to acquire all interests in the Crum & Forster Pet Insurance Group and Pethealth Inc. from Fairfax Financial Holdings Limited for CA$1.81 billion ($1.4 billion), comprising CA$1.59 million ($1.15 billion) in cash and CA$345 million ($250 million) in seller notes. Concurrently, Fairfax will invest $200 million into JAB's consumer fund, JCP V. This strategic partnership positions JAB's global pet insurance platform to reach over CA$1.7 billion ($1.2 billion) in gross written premiums and revenues by 2023, insuring more than 2.1 million pets. The acquisition includes C&F Pet's operations that insure over 500,000 pets and brands such as ASPCA® Pet Health Insurance, and Pethealth’s solutions under the 24Pet brand. Fairfax's CEO Prem Watsa expressed confidence in JAB's potential to lead the pet healthcare and insurance industry. Olivier Goudet, JAB’s CEO, anticipates growth acceleration for the pet insurance business, and Dirk Beeckman, CEO of JAB’s pet insurance portfolio, sees the acquisition as a significant step in becoming a global pet insurance leader. The transaction is set to close in the second half of 2022, pending regulatory approvals and customary closing conditions.