Fairfax Financial Holdings Ltd

Xerox Corp. said it will sell its Crum & Forster insurance unit to Fairfax Financial Holdings Ltd. for $680 million, completing its five-year exit from the financial services business. Toronto-based Fairfax has agreed to pay Xerox $565 million in cash for the commercial property and casualty insurer and assume $115 million of debt. Xerox, the Stamford, Conn.

Xerox Corp. said it will sell its Crum & Forster insurance unit to Fairfax Financial Holdings Ltd. for $680 million, completing its five-year exit from the financial services business. Toronto-based Fairfax has agreed to pay Xerox $565 million in cash for the commercial property and casualty insurer and assume $115 million of debt. Xerox, the Stamford, Conn.

TIG Holdings Inc., the holding company for Transamerica Insurance Group, said Canada's Fairfax Financial Holdings Ltd. agreed to buy the company for $16.50 a share, or about $840 million, in cash. The troubled property-casualty insurer put itself up for sale in October. * Williams Cos., the largest U.S. transporter of natural gas, said it agreed to buy 12 petroleum-product storage terminals from Chicago-based Amoco Corp. for an undisclosed price.