Romney SuperPac Donation: Fairfax Financial Subsidiary OdysseyRe, A Canadian-Owned Company
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Source: Huffington Post Canada
WASHINGTON - A Canadian-owned company is raising eyebrows south of the border after federal election filings revealed it recently contributed $1 million to Mitt Romney's political action committee, a donation that has set off alarm bells amid the ever-murky waters of American campaign law.
OdysseyRe is a subsidiary of Toronto-based insurance giant Fairfax Financial Holdings (TSX:FFH). The company, headed by Indian-born CEO Prem Watsa, had total assets of $31.7 billion at the end of 2010, and employs more than 8,000 people worldwide.