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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0 0; text-align: right; "><B>Registration
No.&nbsp;333-200658</B></P>
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<P STYLE="font: bold 16pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: center;"><B>UNITED
STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Washington, D.C. 20549</P>

<P STYLE="font: bold 16pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center"><B>FORM S-8</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center">REGISTRATION STATEMENT<BR>
UNDER THE SECURITIES ACT OF 1933</P>

<P STYLE="font: bold 16pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center"><B>FAIRFAX FINANCIAL HOLDINGS LIMITED</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Exact name of registrant as specified in its
charter)</P>

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    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center">Canada</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(State or other jurisdiction of<BR>
        incorporation or organization)</P></TD>
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center">Not Applicable</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(I.R.S. Employer<BR>
        Identification No.)</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center"><B>95 Wellington Street West<BR>
Suite 800<BR>
Toronto, Ontario<BR>
Canada M5J 2N7<BR>
</B>(Address of Principal Executive Offices, including zip code)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center"><B>Zenith National Insurance Corp.<BR>
Faifax Restricted Stock Plan for Zenith Officers<BR>
(Amended and Restated as of April 16, 2020)<BR>
</B>(Full title of the plan)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center"><B>CT Corporation System<BR>
111 Eighth Avenue, 13th Floor<BR>
New York, New York 10011<BR>
(212) 894-8700<BR>
</B>(Name, address, and telephone number of agent for service)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center"><I>With a copy to:<BR>
</I><B>Keith Paul Bishop, Esq.<BR>
Allen Matkins Leck Gamble Mallory &amp; Natsis LLP<BR>
1900 Main Street, Fifth Fl.<BR>
Irvine, CA 92614<BR>
(949) 553-1313</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: justify">Indicate by check mark whether the registrant
is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth
company. See the definitions of &ldquo;large accelerated filer,&rdquo; &ldquo;accelerated filer,&rdquo; &ldquo;smaller reporting
company&rdquo; and &ldquo;emerging growth company&rdquo; in Rule 12b-2 of the Exchange Act.:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

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    <TD STYLE="width: 21%; padding-bottom: 2pt; text-align: justify; font: 10pt Times New Roman, Times, Serif">Large accelerated filer</TD>
    <TD STYLE="width: 51%; padding-bottom: 2pt; text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Wingdings">x</FONT></TD>
    <TD STYLE="width: 28%; padding-bottom: 2pt; text-align: justify; font: 10pt Times New Roman, Times, Serif">Accelerated filer &#9744;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2pt; text-align: justify">Non-accelerated filer</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2pt; text-align: justify">&#9744;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2pt; text-align: justify">Smaller reporting company &#9744;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2pt; text-align: justify">Emerging growth company &#9744;</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0 0; text-align: justify">If an emerging growth company, indicate
by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section&nbsp;7(a)(2)(B) of the Securities Act. &#9744;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 12pt 0 24pt; text-align: center">CALCULATION OF REGISTRATION FEE</P>

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    <TD STYLE="width: 20%; border-top: Black 4.5pt double; border-bottom: Black 2.25pt solid; padding: 2pt 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Title of<BR>
Securities<BR>
To Be Registered</B></FONT></TD>
    <TD STYLE="width: 20%; border-top: Black 4.5pt double; border-bottom: Black 2.25pt solid; padding: 2pt 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Amount<BR>
To Be<BR>
Registered(1)</B></FONT></TD>
    <TD STYLE="width: 20%; border-top: Black 4.5pt double; border-bottom: Black 2.25pt solid; padding: 2pt 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Proposed Maximum<BR>
Offering Price<BR>
Per Share(2)</B></FONT></TD>
    <TD STYLE="width: 20%; border-top: Black 4.5pt double; border-bottom: Black 2.25pt solid; padding: 2pt 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Proposed Maximum<BR>
Aggregate Offering<BR>
Price</B></FONT></TD>
    <TD STYLE="width: 20%; border-top: Black 4.5pt double; border-bottom: Black 2.25pt solid; padding: 2pt 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Amount of<BR>
Registration<BR>
Fee</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 4.5pt double; padding: 2pt 5.4pt">Subordinate Voting Shares</TD>
    <TD STYLE="border-bottom: Black 4.5pt double; padding: 2pt 5.4pt; text-align: center">300,000</TD>
    <TD STYLE="border-bottom: Black 4.5pt double; padding: 2pt 5.4pt; text-align: center">U.S.$ 278.50</TD>
    <TD STYLE="border-bottom: Black 4.5pt double; padding: 2pt 5.4pt; text-align: center">U.S.$ 83,550,000.00</TD>
    <TD STYLE="border-bottom: Black 4.5pt double; padding: 2pt 5.4pt; text-align: center">U.S.$ 10,844.79</TD></TR>
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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(1)</TD><TD STYLE="text-align: justify">This registration statement on Form S-8 (this &ldquo;<U>Registration Statement</U>&rdquo;) registers
an aggregate of 300,000 Subordinate Voting Shares, no par value, of Fairfax Financial Holdings Limited (the &ldquo;<U>Registrant</U>&rdquo;)
granted under the Fairfax Restricted Stock Plan for Zenith Officers amended and restated as of April 16, 2020 (the &ldquo;<U>Plan</U>&rdquo;).
In addition, pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the &ldquo;<U>Securities Act</U>&rdquo;), this
Registration Statement also covers any additional Subordinate Voting Shares to be issued in connection with any stock splits, stock
dividends, recapitalizations or similar transactions.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(2)</TD><TD STYLE="text-align: justify">Estimated pursuant to Securities Act Rules 457(c) and 457(h) solely for the purpose of calculating
the registration fee, based upon the average of the high and low prices for the Subordinate Voting Shares quoted on the Toronto
Stock Exchange on April 24, 2020 and on the April 24, 2020 exchange rate of Cdn. $1.00 = U.S. $0.7097.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>&nbsp;</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>EXPLANATORY NOTE</B></P>

<P STYLE="font: 9.5pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white; color: #333333">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">Fairfax Financial
Holdings Limited (the &ldquo;Company&rdquo;) is filing this registration statement on Form S-8 (the &ldquo;Registration Statement&rdquo;)
pursuant to and in accordance with&nbsp;General Instruction E of Form S-8 to register 300,000 additional shares Subordinate Voting
Shares (the &ldquo;Stock&rdquo;), of the Company, issuable pursuant to the Fairfax Restricted Stock Plan for Zenith Officers and
restated as of April 16, 2020 (the &ldquo;Plan&rdquo;). &nbsp;The Company registered the offer and sale of 152,562 shares of the
Stock in connection with the Plan on its Registration Statement on Form S-8 (Registration No. 333-200658) (the &ldquo;Prior Registration
Statement&rdquo;) filed with the Securities and Exchange Commission (the &ldquo;Commission&rdquo;) on December 1, 2014.</P>

<P STYLE="font: 9.5pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white; color: #333333">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="background-color: white">In
accordance with Instruction E to Form S-8, the contents of the Prior Registration Statement are hereby incorporated by reference.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center">&nbsp;</P>
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center">PART II<BR>
<BR>
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><B>Item 8.</B></TD><TD STYLE="text-align: justify"><B>Exhibits.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0 0.5in; text-align: justify"><U>Exhibit Number</U></P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><A HREF="http://www.sec.gov/Archives/edgar/data/915191/000104746917000680/a2230903zex-3_1.htm">4.1</A></TD><TD STYLE="text-align: justify"><A HREF="http://www.sec.gov/Archives/edgar/data/915191/000104746917000680/a2230903zex-3_1.htm">The Registrant&rsquo;s Articles of Incorporation (incorporated by reference to Exhibit 3.1 to the Registrant&rsquo;s Registration Statement on Form F-4, filed with the Commission on February&nbsp;15, 2017 (Commission File No.&nbsp;333-216074)).</A></TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><A HREF="http://www.sec.gov/Archives/edgar/data/915191/000110465918027982/a18-11265_3ex99d1.htm">4.2</A></TD><TD STYLE="text-align: justify"><A HREF="http://www.sec.gov/Archives/edgar/data/915191/000110465918027982/a18-11265_3ex99d1.htm">Certificate of Amendment of the Registrant (incorporated by reference to Exhibit 99.1 to the Registrant&rsquo;s Report on Form 6-K, furnished to the Commission on April&nbsp;30, 2018 (Commission File No.&nbsp;001-31556)).</A></TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><A HREF="http://www.sec.gov/Archives/edgar/data/915191/000104746917000680/a2230903zex-3_2.htm">4.3</A></TD><TD STYLE="text-align: justify"><A HREF="http://www.sec.gov/Archives/edgar/data/915191/000104746917000680/a2230903zex-3_2.htm">By-law No.&nbsp;16 of the Registrant adopted by the Registrant&rsquo;s Board of Directors on March&nbsp;28, 1991 and confirmed by the Registrant&rsquo;s shareholders on May&nbsp;8, 1991 (incorporated by reference to Exhibit 3.2 to the Registrant&rsquo;s Registration Statement on Form F-4, filed with the Commission on February&nbsp;15, 2017 (Commission File No.&nbsp;333-216074)).</A></TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><A HREF="ss172619_ex2301.htm" STYLE="-sec-extract: exhibit">23.1</A></TD><TD STYLE="text-align: justify"><A HREF="ss172619_ex2301.htm" STYLE="-sec-extract: exhibit">Consent of PricewaterhouseCoopers LLP, independent registered public accounting firm</A>*</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><A HREF="#a_001">24.1</A></TD><TD STYLE="text-align: justify"><A HREF="#a_001">Power of Attorney (included in the signature pages hereof)</A>*</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><A HREF="ss172619_ex9901.htm" STYLE="-sec-extract: exhibit">99.1</A></TD><TD STYLE="text-align: justify"><A HREF="ss172619_ex9901.htm" STYLE="-sec-extract: exhibit">Fairfax Restricted Stock Plan for Zenith Officers and restated as of April 16, 2020</A>*</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: justify">* Filed herewith.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: justify">&nbsp;</P>
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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><B>Item 9.</B></TD><TD><B>Undertakings.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The undersigned Registrant hereby undertakes:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
To include any prospectus required by Section 10(a)(3) of the Securities Act;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
To reflect in the prospectus any facts or events after the effective date of this Registration Statement (or the most recent post-effective
amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in this
Registration Statement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
To include any material information with respect to the Plan not previously disclosed in this Registration Statement or any material
change to such information in this Registration Statement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><I>provided, however,</I> that paragraphs
(a)(1)(i) and (a)(1)(ii) do not apply if the information required to be included in a post-effective amendment by those paragraphs
is contained in reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or 15(d) of the Exchange
Act that are incorporated by reference in this Registration Statement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed
to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time
shall be deemed to be the initial bona fide offering thereof; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at
the termination of the offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing
of the Registrant&rsquo;s annual report pursuant to Section 13(a) or 15(d) of the Exchange Act (and, where applicable, each filing
of an employee benefit plan&rsquo;s annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference
in the Registration Statement shall be deemed to be a new registration statement relating to the securities offered therein, and
the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling
persons of the Registrant, pursuant to the foregoing provisions or otherwise, the Registrant has been advised that in the opinion
of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable.&nbsp;
In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred
or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding)
is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant
will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will
be governed by the final adjudication of such issue.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center">&nbsp;</P>
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center">SIGNATURES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: justify">Pursuant to the requirements of the
Securities Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing
on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized,
in the City of Toronto, Province of Ontario, Canada on May 1, 2020.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2">FAIRFAX FINANCIAL HOLDINGS LIMITED</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 49%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 5%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 46%; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">Date:&nbsp;&nbsp;May 1, 2020</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; text-align: justify">/s/ Eric P. Salsberg</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">By:</TD>
    <TD STYLE="border-top: black 1pt solid; text-align: justify">Eric P. Salsberg</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Title:</TD>
    <TD STYLE="text-align: justify">Vice President, Corporate Affairs and Corporate Secretary</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center">&nbsp;</P>
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center"><A NAME="a_001" TITLE="Power of Attorney"></A>POWER OF ATTORNEY</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: justify">KNOW ALL PERSONS BY THESE PRESENTS,
that each person whose signature appears below constitutes and appoints each of V. Prem Watsa, Eric P. Salsberg and Paul Rivett
as his or her true and lawful attorney-in-fact and agent, upon the action of any such appointee, with full power of substitution
and re-substitution, to do any and all acts and things and execute, in the name of the undersigned, any and all instruments which
each of said attorneys-in-fact and agents may deem necessary or advisable in order to enable Fairfax Financial Holdings Limited
to comply with the Securities Act of 1933, as amended (the &ldquo;<U>Securities Act</U>&rdquo;), and any requirements of the Securities
and Exchange Commission (the &ldquo;<U>Commission</U>&rdquo;) in respect thereof, in connection with the filing with the Commission
of this registration statement on Form S-8 (&ldquo;<U>Registration Statement</U>&rdquo;) under the Securities Act, including specifically,
but without limitation, power and authority to sign the name of the undersigned to such registration Statement and any amendments
to such Registration Statement (including post-effective amendments), to file the same with all exhibits thereto and other documents
in connection therewith with the Commission, to sign any and all applications, registration statements, notices or other documents
necessary or advisable to comply with applicable state securities laws, and to file the same together with other documents in connection
therewith with the appropriate state securities authorities, granting unto each of said attorneys-in-fact and agents full power
and authority to do and to perform each and every act and thing requisite or necessary to be done in and about the premises, as
fully and to all intents and purposes as the undersigned might or could do in person, hereby ratifying and confirming all that
each of said attorneys-in-fact and agents may lawfully do or cause to be done by virtue hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 2pt; text-align: justify">Pursuant to the requirements of the
Securities Act, this Registration Statement has been signed this 16th day of April 2020 by the following persons in the following
capacities:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 47%; padding: 2pt 5.4pt; text-align: center"><U>Signature</U></TD>
    <TD STYLE="width: 53%; padding: 2pt 5.4pt; text-align: center"><U>Title</U></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1.5pt solid; padding: 2pt 5.4pt">/s/ V. Prem Watsa</TD>
    <TD STYLE="vertical-align: top; padding: 2pt 5.4pt">Chairman and Chief Executive Officer (Principal Executive Officer)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 2pt; padding-left: 5.4pt">V. Prem Watsa</TD>
    <TD STYLE="padding: 2pt 5.4pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1.5pt solid; padding: 2pt 5.4pt">/s/ Jennifer Allen</TD>
    <TD STYLE="vertical-align: top; padding: 2pt 5.4pt">Vice President and Chief Financial Officer (Principal Financial and Accounting Officer)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 2pt; padding-left: 5.4pt">Jennifer Allen</TD>
    <TD STYLE="padding: 2pt 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 2pt 5.4pt">/s/ Anthony F. Griffiths</TD>
    <TD STYLE="padding: 2pt 5.4pt">Director</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 2pt; padding-left: 5.4pt">Anthony F. Griffiths</TD>
    <TD STYLE="padding: 2pt 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 2pt 5.4pt">/s/ Robert J. Gunn</TD>
    <TD STYLE="padding: 2pt 5.4pt">Director</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 2pt; padding-left: 5.4pt">Robert J. Gunn</TD>
    <TD STYLE="padding: 2pt 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 2pt 5.4pt">/s/ Karen L. Jurjevich</TD>
    <TD STYLE="padding: 2pt 5.4pt">Director</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 2pt; padding-left: 5.4pt">Karen L. Jurjevich</TD>
    <TD STYLE="padding: 2pt 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 2pt 5.4pt">/s/ R. William McFarland</TD>
    <TD STYLE="padding: 2pt 5.4pt">Director</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 2pt; padding-left: 5.4pt">R. William McFarland</TD>
    <TD STYLE="padding: 2pt 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 2pt 5.4pt">/s/ Christine N. McLean</TD>
    <TD STYLE="padding: 2pt 5.4pt">Director</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 2pt; padding-left: 5.4pt">Christine N. McLean</TD>
    <TD STYLE="padding: 2pt 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 2pt 5.4pt">/s/ Timothy R. Price</TD>
    <TD STYLE="padding: 2pt 5.4pt">Director</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 2pt; padding-left: 5.4pt">Timothy R. Price</TD>
    <TD STYLE="padding: 2pt 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 2pt 5.4pt">/s/ Brandon W. Sweitzer</TD>
    <TD STYLE="padding: 2pt 5.4pt">Director</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 2pt; padding-left: 5.4pt">Brandon R. Sweitzer</TD>
    <TD STYLE="padding: 2pt 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 2pt 5.4pt">/s/ Lauren C. Templeton</TD>
    <TD STYLE="padding: 2pt 5.4pt">Director</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 2pt; padding-left: 5.4pt">Lauren C. Templeton</TD>
    <TD STYLE="padding: 2pt 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1.5pt solid; padding: 2pt 5.4pt">/s/ Benjamin P. Watsa</TD>
    <TD STYLE="padding: 2pt 5.4pt">Director</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 2pt; padding-left: 5.4pt">Benjamin P. Watsa</TD>
    <TD STYLE="padding: 2pt 5.4pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center">&nbsp;</P>
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center">AUTHORIZED REPRESENTATIVE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: justify">Pursuant to the requirements of Section&nbsp;6(a)
of the Securities Act, the Authorized Representative has signed this registration statement on Form S-8, solely in its capacity
as the duly authorized representative of Fairfax Financial Holdings in the City of Toronto, Province of Ontario, Canada on May
1, 2020.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2">FAIRFAX FINANCIAL HOLDINGS LIMITED</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 49%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 5%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 46%; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; text-align: justify">/s/ Eric P. Salsberg</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">By:</TD>
    <TD STYLE="border-top: black 1pt solid; text-align: justify">Eric P. Salsberg</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Title:</TD>
    <TD STYLE="text-align: justify">Vice President, Corporate Affairs and Corporate Secretary</TD></TR>
</TABLE>
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[{"type": "S-8", "sequence": "1", "filename": "ss172619_s8.htm", "description": "FORM S-8", "secsgml_size_bytes": 43850}]
{"company-data": {"conformed-name": "FAIRFAX FINANCIAL HOLDINGS LTD/ CAN", "cik": "0000915191", "assigned-sic": "6331", "irs-number": "101728897", "state-of-incorporation": "Z4", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-237956", "film-number": "20841004"}, "business-address": {"street1": "FAIRFAX FINANCIAL HOLDINGS LTD", "street2": "95 WELLINGTON ST WEST STE 800", "city": "TORONTO", "state": "A6", "zip": "M5J 2N7", "phone": "4163674941"}, "mail-address": {"street1": "FAIRFAX FINANCIAL HOLDINGS LTD", "street2": "95 WELLINGTON ST WEST STE 800", "city": "TORONTO", "state": "A6", "zip": "M5J 2N7"}, "former-company": {"former-conformed-name": "FAIRFAX FINANCIAL HOLDINGS LTD", "date-changed": "19931122"}}
Registration
No. 333-200658
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933
FAIRFAX FINANCIAL HOLDINGS LIMITED
(Exact name of registrant as specified in its
charter)
Canada
(State or other jurisdiction of
incorporation or organization)
Not Applicable
(I.R.S. Employer
Identification No.)
95 Wellington Street West
Suite 800
Toronto, Ontario
Canada M5J 2N7
(Address of Principal Executive Offices, including zip code)
Zenith National Insurance Corp.
Faifax Restricted Stock Plan for Zenith Officers
(Amended and Restated as of April 16, 2020)
(Full title of the plan)
CT Corporation System
111 Eighth Avenue, 13th Floor
New York, New York 10011
(212) 894-8700
(Name, address, and telephone number of agent for service)
With a copy to:
Keith Paul Bishop, Esq.
Allen Matkins Leck Gamble Mallory & Natsis LLP
1900 Main Street, Fifth Fl.
Irvine, CA 92614
(949) 553-1313
Indicate by check mark whether the registrant
is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth
company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting
company" and "emerging growth company" in Rule 12b-2 of the Exchange Act.:
Large accelerated filer
x
Accelerated filer ☐
Non-accelerated filer
☐
Smaller reporting company ☐
Emerging growth company ☐
If an emerging growth company, indicate
by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐
CALCULATION OF REGISTRATION FEE
Title of
Securities
To Be Registered
Amount
To Be
Registered(1)
Proposed Maximum
Offering Price
Per Share(2)
Proposed Maximum
Aggregate Offering
Price
Amount of
Registration
Fee
Subordinate Voting Shares
300,000
U.S.$ 278.50
U.S.$ 83,550,000.00
U.S.$ 10,844.79
(1)
This registration statement on Form S-8 (this "
Registration Statement
") registers
an aggregate of 300,000 Subordinate Voting Shares, no par value, of Fairfax Financial Holdings Limited (the "
Registrant
")
granted under the Fairfax Restricted Stock Plan for Zenith Officers amended and restated as of April 16, 2020 (the "
Plan
").
In addition, pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the "
Securities Act
"), this
Registration Statement also covers any additional Subordinate Voting Shares to be issued in connection with any stock splits, stock
dividends, recapitalizations or similar transactions.
(2)
Estimated pursuant to Securities Act Rules 457(c) and 457(h) solely for the purpose of calculating
the registration fee, based upon the average of the high and low prices for the Subordinate Voting Shares quoted on the Toronto
Stock Exchange on April 24, 2020 and on the April 24, 2020 exchange rate of Cdn. $1.00 = U.S. $0.7097.
-
2
-
EXPLANATORY NOTE
Fairfax Financial
Holdings Limited (the "Company") is filing this registration statement on Form S-8 (the "Registration Statement")
pursuant to and in accordance with General Instruction E of Form S-8 to register 300,000 additional shares Subordinate Voting
Shares (the "Stock"), of the Company, issuable pursuant to the Fairfax Restricted Stock Plan for Zenith Officers and
restated as of April 16, 2020 (the "Plan").  The Company registered the offer and sale of 152,562 shares of the
Stock in connection with the Plan on its Registration Statement on Form S-8 (Registration No. 333-200658) (the "Prior Registration
Statement") filed with the Securities and Exchange Commission (the "Commission") on December 1, 2014.
In
accordance with Instruction E to Form S-8, the contents of the Prior Registration Statement are hereby incorporated by reference.
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PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 8.
Exhibits.
Exhibit Number
4.1
The Registrant's Articles of Incorporation (incorporated by reference to Exhibit 3.1 to the Registrant's Registration Statement on Form F-4, filed with the Commission on February 15, 2017 (Commission File No. 333-216074)).
4.2
Certificate of Amendment of the Registrant (incorporated by reference to Exhibit 99.1 to the Registrant's Report on Form 6-K, furnished to the Commission on April 30, 2018 (Commission File No. 001-31556)).
4.3
By-law No. 16 of the Registrant adopted by the Registrant's Board of Directors on March 28, 1991 and confirmed by the Registrant's shareholders on May 8, 1991 (incorporated by reference to Exhibit 3.2 to the Registrant's Registration Statement on Form F-4, filed with the Commission on February 15, 2017 (Commission File No. 333-216074)).
23.1
Consent of PricewaterhouseCoopers LLP, independent registered public accounting firm
*
24.1
Power of Attorney (included in the signature pages hereof)
*
99.1
Fairfax Restricted Stock Plan for Zenith Officers and restated as of April 16, 2020
*
* Filed herewith.
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Item 9.
Undertakings.
(a)         
The undersigned Registrant hereby undertakes:
(1)         
To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:
(i)           
To include any prospectus required by Section 10(a)(3) of the Securities Act;
(ii)          
To reflect in the prospectus any facts or events after the effective date of this Registration Statement (or the most recent post-effective
amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in this
Registration Statement;
(iii)         
To include any material information with respect to the Plan not previously disclosed in this Registration Statement or any material
change to such information in this Registration Statement;
provided, however,
that paragraphs
(a)(1)(i) and (a)(1)(ii) do not apply if the information required to be included in a post-effective amendment by those paragraphs
is contained in reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or 15(d) of the Exchange
Act that are incorporated by reference in this Registration Statement;
(2)         
That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed
to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time
shall be deemed to be the initial bona fide offering thereof; and
(3)         
To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at
the termination of the offering.
(b)         
The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing
of the Registrant's annual report pursuant to Section 13(a) or 15(d) of the Exchange Act (and, where applicable, each filing
of an employee benefit plan's annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference
in the Registration Statement shall be deemed to be a new registration statement relating to the securities offered therein, and
the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(c)          
Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling
persons of the Registrant, pursuant to the foregoing provisions or otherwise, the Registrant has been advised that in the opinion
of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. 
In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred
or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding)
is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant
will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will
be governed by the final adjudication of such issue.
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SIGNATURES
Pursuant to the requirements of the
Securities Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing
on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized,
in the City of Toronto, Province of Ontario, Canada on May 1, 2020.
FAIRFAX FINANCIAL HOLDINGS LIMITED
Date:  May 1, 2020
/s/ Eric P. Salsberg
By:
Eric P. Salsberg
Title:
Vice President, Corporate Affairs and Corporate Secretary
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POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS,
that each person whose signature appears below constitutes and appoints each of V. Prem Watsa, Eric P. Salsberg and Paul Rivett
as his or her true and lawful attorney-in-fact and agent, upon the action of any such appointee, with full power of substitution
and re-substitution, to do any and all acts and things and execute, in the name of the undersigned, any and all instruments which
each of said attorneys-in-fact and agents may deem necessary or advisable in order to enable Fairfax Financial Holdings Limited
to comply with the Securities Act of 1933, as amended (the "
Securities Act
"), and any requirements of the Securities
and Exchange Commission (the "
Commission
") in respect thereof, in connection with the filing with the Commission
of this registration statement on Form S-8 ("
Registration Statement
") under the Securities Act, including specifically,
but without limitation, power and authority to sign the name of the undersigned to such registration Statement and any amendments
to such Registration Statement (including post-effective amendments), to file the same with all exhibits thereto and other documents
in connection therewith with the Commission, to sign any and all applications, registration statements, notices or other documents
necessary or advisable to comply with applicable state securities laws, and to file the same together with other documents in connection
therewith with the appropriate state securities authorities, granting unto each of said attorneys-in-fact and agents full power
and authority to do and to perform each and every act and thing requisite or necessary to be done in and about the premises, as
fully and to all intents and purposes as the undersigned might or could do in person, hereby ratifying and confirming all that
each of said attorneys-in-fact and agents may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the
Securities Act, this Registration Statement has been signed this 16th day of April 2020 by the following persons in the following
capacities:
Signature
Title
/s/ V. Prem Watsa
Chairman and Chief Executive Officer (Principal Executive Officer)
V. Prem Watsa
/s/ Jennifer Allen
Vice President and Chief Financial Officer (Principal Financial and Accounting Officer)
Jennifer Allen
/s/ Anthony F. Griffiths
Director
Anthony F. Griffiths
/s/ Robert J. Gunn
Director
Robert J. Gunn
/s/ Karen L. Jurjevich
Director
Karen L. Jurjevich
/s/ R. William McFarland
Director
R. William McFarland
/s/ Christine N. McLean
Director
Christine N. McLean
/s/ Timothy R. Price
Director
Timothy R. Price
/s/ Brandon W. Sweitzer
Director
Brandon R. Sweitzer
/s/ Lauren C. Templeton
Director
Lauren C. Templeton
/s/ Benjamin P. Watsa
Director
Benjamin P. Watsa
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AUTHORIZED REPRESENTATIVE
Pursuant to the requirements of Section 6(a)
of the Securities Act, the Authorized Representative has signed this registration statement on Form S-8, solely in its capacity
as the duly authorized representative of Fairfax Financial Holdings in the City of Toronto, Province of Ontario, Canada on May
1, 2020.
FAIRFAX FINANCIAL HOLDINGS LIMITED
/s/ Eric P. Salsberg
By:
Eric P. Salsberg
Title:
Vice President, Corporate Affairs and Corporate Secretary
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