"Northbridge Financial Corporation is a 100% Canadian company, wholly-owned by Fairfax Financial Holdings Limited. Fairfax Financial Holdings Ltd. (“Fairfax”) was incorporated under the Canada Corporations Act on March 13, 1951 and continued under the Canada Business Corporations Act in 1976. Fairfax's original name was Markel Service of Canada Ltd., The name was subsequently changed to Markel Financial Holdings Ltd. and, in May 1987, to their current name of Fairfax Financial Holdings Ltd Fairfax is led by Chairman and CEO Prem Watsa. Watsa controls nearly half of Fairfax, his value-oriented investing strategies have been compared to those of Warren Buffett. Fairfax is similar[specify] to Leucadia National Corporation (NYSE:LUK) and Markel Corp (NYSE:MKL). Leucadia and Markel are also value-oriented firms that follow, to varying degrees, the principles outlined by Benjamin Graham and David Dodd in their texts Security Analysis and The Intelligent Investor. Fairfax Financial's investment team at """"Hamblin Watsa Investment Council"""" (HWIC), an affiliate of Fairfax has achieved similar outstanding long term results. From 1985 to the end of 2010, Fairfax Financial had a compound growth rate of approximately 25% in book value per share (per year), it's about 243 times what Fairfax began with in 1985."