LONDON: Final dividend declared of 12.5 pence per share plus a special dividend of 12.5 pence per share, bringing total dividend for year including interim dividend of 6.25pps to 31.25pps.

Recommended cash offer of 305 pence per share for company from Fairfax Financial Holdings Limited. Return on adjusted net tangible assets before fx and ipo costs of 20.7% is driven by strong underwriting and investment performances.

Announce today appointment of Matthew Wilson as Deputy Group CEO and Chief Underwriting Office.

Copyright Reuters, 2015