Opinion: A very personal deal

Fairfax chairman and CEO Prem Watsa is famed for his amicable,
cosy deal-making skills, but usually it's when he's trying
to buy something.Yesterday's deal, in which Fairfax agreed to sell its
Singaporean P&C carrier First Capital for $1.6bn to Mitsui
Sumitomo, showed he can also keep things remarkably friendly when
he's selling something.
There's often a personal relationship at the heart of
Watsa's deals. The speed with which they are transacted - with
much of it agreed over a...