-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, IYFeSWiRjmFBQZEJB8FS+tvUDhb54UrLX/iqWkoF5WJuPewAJ+E57bUZMIv0ZbKo 80YgjnG8gWmL0mkBr8RydQ== 0000909567-05-001235.txt : 20050804 0000909567-05-001235.hdr.sgml : 20050804 20050804160109 ACCESSION NUMBER: 0000909567-05-001235 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20050804 DATE AS OF CHANGE: 20050804 GROUP MEMBERS: 1109519 ONTARIO LIMITED GROUP MEMBERS: 810679 ONTARIO LIMITED GROUP MEMBERS: CLEARWATER INSURANCE COMPANY GROUP MEMBERS: CRC (BERMUDA) REINSURANCE LIMITED GROUP MEMBERS: CRUM & FORSTER HOLDING INC. GROUP MEMBERS: CRUM & FORSTER HOLDINGS CORP. GROUP MEMBERS: FAIRFAX FINANCIAL HOLDINGS LIMITED GROUP MEMBERS: FAIRFAX INC. GROUP MEMBERS: FFHL GROUP LTD. GROUP MEMBERS: ODYSSEY AMERICA REINSURANCE CORPORATION GROUP MEMBERS: ODYSSEY RE HOLDINGS CORP. GROUP MEMBERS: THE NORTH RIVER INSURANCE COMPANY GROUP MEMBERS: THE SIXTY TWO INVESTMENT COMPANY LIMITED GROUP MEMBERS: TIG HOLDINGS, INC. GROUP MEMBERS: TIG INSURANCE COMPANY GROUP MEMBERS: TIG INSURANCE GROUP, INC. GROUP MEMBERS: UNITED STATES FIRE INSURANCE COMPANY GROUP MEMBERS: V. PREM WATSA SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ZENITH NATIONAL INSURANCE CORP CENTRAL INDEX KEY: 0000109261 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 952702776 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-32229 FILM NUMBER: 05999468 BUSINESS ADDRESS: STREET 1: 21255 CALIFA ST CITY: WOODLAND HILLS STATE: CA ZIP: 91367 BUSINESS PHONE: 8187131000 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FAIRFAX FINANCIAL HOLDINGS LTD/ CAN CENTRAL INDEX KEY: 0000915191 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 000000000 STATE OF INCORPORATION: A6 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 95 WELLINGTON ST WEST STREET 2: STE 800 CITY: TORONTO ONTARIO CANA STATE: A6 BUSINESS PHONE: 4163674941 MAIL ADDRESS: STREET 1: FAIRFAX FINANCIAL HOLDINGS LTD STREET 2: 95 WELLINGTON ST WEST STE 800 CITY: TORONTO ONTARIO CANA STATE: A6 FORMER COMPANY: FORMER CONFORMED NAME: FAIRFAX FINANCIAL HOLDINGS LTD DATE OF NAME CHANGE: 19931122 SC 13D/A 1 t17584sc13dza.txt AMENDMENT NO. 4 TO SCHEDULE 13D SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 4 TO SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 Zenith National Insurance Corp. ------------------------------- (Name of Issuer) Common Stock, $1.00 Par Value (Title of Class of Securities) 989390109 --------- (CUSIP Number) Paul Rivett Vice President Fairfax Financial Holdings Limited 95 Wellington Street West, Suite 800 Toronto, Ontario, Canada, M5J 2N7 Telephone: (416) 367-4941 ------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) - With a copy to - Brice T. Voran Shearman & Sterling LLP Commerce Court West 199 Bay Street, Suite 4405 Toronto, Ontario M5L 1E8 Telephone (416) 360-8484 August 2, 2005 -------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule became of Rule 13d-1(b)(3) or (4), check the following box [ ]. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). - -------------------------------------------------------------------------------- CUSIP No. 989390109 Page 2 of 54 Pages - -------------------------------------------------------------------------------- (1) Name of Reporting Person V. PREM WATSA - -------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (a) [ ] (b) [X] - -------------------------------------------------------------------------------- (3) SEC Use Only - -------------------------------------------------------------------------------- (4) Source of Funds WC - -------------------------------------------------------------------------------- (5) Check box if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e). [ ] - -------------------------------------------------------------------------------- (6) Citizenship or Place of Organization CANADIAN - -------------------------------------------------------------------------------- (7) Sole Voting Power Number of Shares Beneficially Owned ----------------------------------------- by Each (8) Shared Voting Power 3,921,545 Reporting Person With ----------------------------------------- (9) Sole Dispositive Power ----------------------------------------- (10) Shared Dispositive Power 3,921,545 - -------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 3,921,545 - -------------------------------------------------------------------------------- (12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] - -------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 16.2% (see Item 5) - -------------------------------------------------------------------------------- (14) Type of Reporting Person (See Instructions) IN - -------------------------------------------------------------------------------- 2 - -------------------------------------------------------------------------------- CUSIP No. 989390109 Page 3 of 54 Pages - -------------------------------------------------------------------------------- (1) Name of Reporting Person 1109519 ONTARIO LIMITED - -------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (a) [ ] (b) [X] - -------------------------------------------------------------------------------- (3) SEC Use Only - -------------------------------------------------------------------------------- (4) Source of Funds WC - -------------------------------------------------------------------------------- (5) Check box if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e). [ ] - -------------------------------------------------------------------------------- (6) Citizenship or Place of Organization ONTARIO, CANADA - -------------------------------------------------------------------------------- (7) Sole Voting Power Number of Shares Beneficially Owned ----------------------------------------- by Each (8) Shared Voting Power 3,921,545 Reporting Person With ----------------------------------------- (9) Sole Dispositive Power ----------------------------------------- (10) Shared Dispositive Power 3,921,545 - -------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 3,921,545 - -------------------------------------------------------------------------------- (12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] - -------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 16.2% (see Item 5) - -------------------------------------------------------------------------------- (14) Type of Reporting Person (See Instructions) CO - -------------------------------------------------------------------------------- 3 - -------------------------------------------------------------------------------- CUSIP No. 989390109 Page 4 of 54 Pages - -------------------------------------------------------------------------------- (1) Name of Reporting Person THE SIXTY TWO INVESTMENT COMPANY LIMITED - -------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (a) [ ] (b) [X] - -------------------------------------------------------------------------------- (3) SEC Use Only - -------------------------------------------------------------------------------- (4) Source of Funds WC - -------------------------------------------------------------------------------- (5) Check box if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e). [ ] - -------------------------------------------------------------------------------- (6) Citizenship or Place of Organization BRITISH COLUMBIA, CANADA - -------------------------------------------------------------------------------- (7) Sole Voting Power Number of Shares Beneficially Owned ----------------------------------------- by Each (8) Shared Voting Power 3,921,545 Reporting Person With ----------------------------------------- (9) Sole Dispositive Power ----------------------------------------- (10) Shared Dispositive Power 3,921,545 - -------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 3,921,545 - -------------------------------------------------------------------------------- (12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] - -------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 16.2% (see Item 5) - -------------------------------------------------------------------------------- (14) Type of Reporting Person (See Instructions) CO - -------------------------------------------------------------------------------- 4 - -------------------------------------------------------------------------------- CUSIP No. 989390109 Page 5 of 54 Pages - -------------------------------------------------------------------------------- (1) Name of Reporting Person 810679 ONTARIO LIMITED - -------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (a) [ ] (b) [X] - -------------------------------------------------------------------------------- (3) SEC Use Only - -------------------------------------------------------------------------------- (4) Source of Funds WC - -------------------------------------------------------------------------------- (5) Check box if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e). [ ] - -------------------------------------------------------------------------------- (6) Citizenship or Place of Organization ONTARIO, CANADA - -------------------------------------------------------------------------------- (7) Sole Voting Power Number of Shares Beneficially Owned ----------------------------------------- by Each (8) Shared Voting Power 3,921,545 Reporting Person With ----------------------------------------- (9) Sole Dispositive Power ----------------------------------------- (10) Shared Dispositive Power 3,921,545 - -------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 3,921,545 - -------------------------------------------------------------------------------- (12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] - -------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 16.2% (see Item 5) - -------------------------------------------------------------------------------- (14) Type of Reporting Person (See Instructions) CO - -------------------------------------------------------------------------------- 5 - -------------------------------------------------------------------------------- CUSIP No. 989390109 Page 6 of 54 Pages - -------------------------------------------------------------------------------- (1) Name of Reporting Person FAIRFAX FINANCIAL HOLDINGS LIMITED - -------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (a) [ ] (b) [X] - -------------------------------------------------------------------------------- (3) SEC Use Only - -------------------------------------------------------------------------------- (4) Source of Funds WC - -------------------------------------------------------------------------------- (5) Check box if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e). [ ] - -------------------------------------------------------------------------------- (6) Citizenship or Place of Organization CANADA - -------------------------------------------------------------------------------- (7) Sole Voting Power Number of Shares Beneficially Owned ----------------------------------------- by Each (8) Shared Voting Power 3,921,545 Reporting Person With ----------------------------------------- (9) Sole Dispositive Power ----------------------------------------- ` (10) Shared Dispositive Power 3,921,545 - -------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 3,921,545 - -------------------------------------------------------------------------------- (12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] - -------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 16.2% (see Item 5) - -------------------------------------------------------------------------------- (14) Type of Reporting Person (See Instructions) CO - -------------------------------------------------------------------------------- 6 - -------------------------------------------------------------------------------- CUSIP No. 989390109 Page 7 of 57 Pages - -------------------------------------------------------------------------------- (1) Name of Reporting Person CRC (BERMUDA) REINSURANCE LIMITED - -------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (a) [ ] (b) [X] - -------------------------------------------------------------------------------- (3) SEC Use Only - -------------------------------------------------------------------------------- (4) Source of Funds WC - -------------------------------------------------------------------------------- (5) Check box if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e). [ ] - -------------------------------------------------------------------------------- (6) Citizenship or Place of Organization BERMUDA - -------------------------------------------------------------------------------- (7) Sole Voting Power Number of Shares Beneficially Owned ----------------------------------------- by Each (8) Shared Voting Power 323,574 Reporting Person With ----------------------------------------- (9) Sole Dispositive Power ----------------------------------------- (10) Shared Dispositive Power 323,574 - -------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 323,574 - -------------------------------------------------------------------------------- (12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] - -------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 1.4% - -------------------------------------------------------------------------------- (14) Type of Reporting Person (See Instructions) CO - -------------------------------------------------------------------------------- 7 - -------------------------------------------------------------------------------- CUSIP No. 989390109 Page 8 of 54 Pages - -------------------------------------------------------------------------------- (1) Name of Reporting Person FFHL GROUP LTD. - -------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (a) [ ] (b) [X] - -------------------------------------------------------------------------------- (3) SEC Use Only - -------------------------------------------------------------------------------- (4) Source of Funds WC - -------------------------------------------------------------------------------- (5) Check box if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e). [ ] - -------------------------------------------------------------------------------- (6) Citizenship or Place of Organization CANADA - -------------------------------------------------------------------------------- (7) Sole Voting Power Number of Shares Beneficially Owned ----------------------------------------- by Each (8) Shared Voting Power 3,597,971 Reporting Person With ----------------------------------------- (9) Sole Dispositive Power ----------------------------------------- (10) Shared Dispositive Power 3,597,971 - -------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 3,597,971 - -------------------------------------------------------------------------------- (12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] - -------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 14.9% (see Item 5) - -------------------------------------------------------------------------------- (14) Type of Reporting Person (See Instructions) CO - -------------------------------------------------------------------------------- 8 - -------------------------------------------------------------------------------- CUSIP No. 989390109 Page 9 of 54 Pages - -------------------------------------------------------------------------------- (1) Name of Reporting Person FAIRFAX INC. - -------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (a) [ ] (b) [X] - -------------------------------------------------------------------------------- (3) SEC Use Only - -------------------------------------------------------------------------------- (4) Source of Funds WC - -------------------------------------------------------------------------------- (5) Check box if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e). [ ] - -------------------------------------------------------------------------------- (6) Citizenship or Place of Organization WYOMING - -------------------------------------------------------------------------------- (7) Sole Voting Power Number of Shares Beneficially Owned ----------------------------------------- by Each (8) Shared Voting Power 3,597,971 Reporting Person With ----------------------------------------- (9) Sole Dispositive Power ----------------------------------------- (10) Shared Dispositive Power 3,597,971 - -------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 3,597,971 - -------------------------------------------------------------------------------- (12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] - -------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 14.9% (see Item 5) - -------------------------------------------------------------------------------- (14) Type of Reporting Person (See Instructions) CO - -------------------------------------------------------------------------------- 9 - -------------------------------------------------------------------------------- CUSIP No. 989390109 Page 10 of 57 Pages - -------------------------------------------------------------------------------- (1) Name of Reporting Person TIG HOLDINGS, INC. - -------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (a) [ ] (b) [X] - -------------------------------------------------------------------------------- (3) SEC Use Only - -------------------------------------------------------------------------------- (4) Source of Funds WC - -------------------------------------------------------------------------------- (5) Check box if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e). [ ] - -------------------------------------------------------------------------------- (6) Citizenship or Place of Organization DELAWARE - -------------------------------------------------------------------------------- (7) Sole Voting Power Number of Shares Beneficially Owned ----------------------------------------- by Each (8) Shared Voting Power 1,357,524 Reporting Person With ----------------------------------------- (9) Sole Dispositive Power ----------------------------------------- (10) Shared Dispositive Power 1,357,524 - -------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 1,357,524 - -------------------------------------------------------------------------------- (12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] - -------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 5.6% (see Item 5) - -------------------------------------------------------------------------------- (14) Type of Reporting Person (See Instructions) CO - -------------------------------------------------------------------------------- 10 - -------------------------------------------------------------------------------- CUSIP No. 989390109 Page 11 of 58 Pages - -------------------------------------------------------------------------------- (1) Name of Reporting Person TIG INSURANCE GROUP, INC. - -------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (a) [ ] (b) [X] - -------------------------------------------------------------------------------- (3) SEC Use Only - -------------------------------------------------------------------------------- (4) Source of Funds WC - -------------------------------------------------------------------------------- (5) Check box if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e). [ ] - -------------------------------------------------------------------------------- (6) Citizenship or Place of Organization DELAWARE - -------------------------------------------------------------------------------- (7) Sole Voting Power Number of Shares Beneficially Owned ----------------------------------------- by Each (8) Shared Voting Power 1,357,524 Reporting Person With ----------------------------------------- (9) Sole Dispositive Power ----------------------------------------- (10) Shared Dispositive Power 1,357,524 - -------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 1,357,524 - -------------------------------------------------------------------------------- (12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] - -------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 5.6% (see Item 5) - -------------------------------------------------------------------------------- (14) Type of Reporting Person (See Instructions) CO - -------------------------------------------------------------------------------- 11 - -------------------------------------------------------------------------------- CUSIP No. 989390109 Page 12 of 54 Pages - -------------------------------------------------------------------------------- (1) Name of Reporting Person TIG INSURANCE COMPANY - -------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (a) [ ] (b) [X] - -------------------------------------------------------------------------------- (3) SEC Use Only - -------------------------------------------------------------------------------- (4) Source of Funds WC - -------------------------------------------------------------------------------- (5) Check box if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e). [ ] - -------------------------------------------------------------------------------- (6) Citizenship or Place of Organization CALIFORNIA - -------------------------------------------------------------------------------- (7) Sole Voting Power Number of Shares Beneficially Owned ----------------------------------------- by Each (8) Shared Voting Power 1,357,524 Reporting Person With ----------------------------------------- (9) Sole Dispositive Power ----------------------------------------- (10) Shared Dispositive Power 1,357,524 - -------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 1,357,524 - -------------------------------------------------------------------------------- (12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] - -------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 5.6% (See Item 5) - -------------------------------------------------------------------------------- (14) Type of Reporting Person (see instructions) CO - -------------------------------------------------------------------------------- 12 - -------------------------------------------------------------------------------- CUSIP No. 989390109 Page 13 of 54 Pages - -------------------------------------------------------------------------------- (1) Name of Reporting Person ODYSSEY RE HOLDINGS CORP. - -------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (a) [ ] (b) [X] - -------------------------------------------------------------------------------- (3) SEC Use Only - -------------------------------------------------------------------------------- (4) Source of Funds WC - -------------------------------------------------------------------------------- (5) Check box if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e). [ ] - -------------------------------------------------------------------------------- (6) Citizenship or Place of Organization DELAWARE - -------------------------------------------------------------------------------- (7) Sole Voting Power Number of Shares Beneficially Owned ----------------------------------------- by Each (8) Shared Voting Power 1,357,524 Reporting Person With ----------------------------------------- (9) Sole Dispositive Power ----------------------------------------- (10) Shared Dispositive Power 1,357,524 - -------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 1,357,524 - -------------------------------------------------------------------------------- (12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] - -------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 5.6% (see Item 5) - -------------------------------------------------------------------------------- (14) Type of Reporting Person (See Instructions) CO - -------------------------------------------------------------------------------- 13 - -------------------------------------------------------------------------------- CUSIP No. 989390109 Page 14 of 54 Pages - -------------------------------------------------------------------------------- (1) Name of Reporting Person ODYSSEY AMERICA REINSURANCE CORPORATION - -------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (a) [ ] (b) [X] - -------------------------------------------------------------------------------- (3) SEC Use Only - -------------------------------------------------------------------------------- (4) Source of Funds WC - -------------------------------------------------------------------------------- (5) Check box if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e). [ ] - -------------------------------------------------------------------------------- (6) Citizenship or Place of Organization CONNECTICUT - -------------------------------------------------------------------------------- (7) Sole Voting Power Number of Shares Beneficially Owned ----------------------------------------- by Each (8) Shared Voting Power 1,357,524 Reporting Person With ----------------------------------------- (9) Sole Dispositive Power ----------------------------------------- (10) Shared Dispositive Power 1,357,524 - -------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 1,357,524 - -------------------------------------------------------------------------------- (12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] - -------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 5.6% (see Item 5) - -------------------------------------------------------------------------------- (14) Type of Reporting Person (See Instructions) CO - -------------------------------------------------------------------------------- 14 - -------------------------------------------------------------------------------- CUSIP No. 989390109 Page 15 of 54 Pages - -------------------------------------------------------------------------------- (1) Name of Reporting Person CLEARWATER INSURANCE COMPANY - -------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (a) [ ] (b) [X] - -------------------------------------------------------------------------------- (3) SEC Use Only - -------------------------------------------------------------------------------- (4) Source of Funds WC - -------------------------------------------------------------------------------- (5) Check box if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e). [ ] - -------------------------------------------------------------------------------- (6) Citizenship or Place of Organization DELAWARE - -------------------------------------------------------------------------------- (7) Sole Voting Power Number of Shares Beneficially Owned ----------------------------------------- by Each (8) Shared Voting Power 83,224 Reporting Person With ----------------------------------------- (9) Sole Dispositive Power ----------------------------------------- (10) Shared Dispositive Power 83,224 - -------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 83,224 - -------------------------------------------------------------------------------- (12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] - -------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 0.4% - -------------------------------------------------------------------------------- (14) Type of Reporting Person (See Instructions) CO - -------------------------------------------------------------------------------- 15 - -------------------------------------------------------------------------------- CUSIP No. 989390109 Page 16 of 54 Pages - -------------------------------------------------------------------------------- (1) Name of Reporting Person CRUM & FORSTER HOLDINGS CORP. - -------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (a) [ ] (b) [X] - -------------------------------------------------------------------------------- (3) SEC Use Only - -------------------------------------------------------------------------------- (4) Source of Funds WC - -------------------------------------------------------------------------------- (5) Check box if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e). [ ] - -------------------------------------------------------------------------------- (6) Citizenship or Place of Organization DELAWARE - -------------------------------------------------------------------------------- (7) Sole Voting Power Number of Shares Beneficially Owned ----------------------------------------- by Each (8) Shared Voting Power 2,240,447 Reporting Person With ----------------------------------------- (9) Sole Dispositive Power ----------------------------------------- (10) Shared Dispositive Power 2,240,447 - -------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 2,240,447 - -------------------------------------------------------------------------------- (12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] - -------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 9.8% - -------------------------------------------------------------------------------- (14) Type of Reporting Person (See Instructions) CO - -------------------------------------------------------------------------------- 16 - -------------------------------------------------------------------------------- CUSIP No. 989390109 Page 17 of 54 Pages - -------------------------------------------------------------------------------- (1) Name of Reporting Person CRUM & FORSTER HOLDING INC. - -------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (a) [ ] (b) [X] - -------------------------------------------------------------------------------- (3) SEC Use Only - -------------------------------------------------------------------------------- (4) Source of Funds WC - -------------------------------------------------------------------------------- (5) Check box if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e). [ ] - -------------------------------------------------------------------------------- (6) Citizenship or Place of Organization DELAWARE - -------------------------------------------------------------------------------- (7) Sole Voting Power Number of Shares Beneficially Owned ----------------------------------------- by Each (8) Shared Voting Power 2,240,447 Reporting Person With ----------------------------------------- (9) Sole Dispositive Power ----------------------------------------- (10) Shared Dispositive Power 2,240,447 - -------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 2,240,447 - -------------------------------------------------------------------------------- (12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] - -------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 9.8% - -------------------------------------------------------------------------------- (14) Type of Reporting Person (See Instructions) CO - -------------------------------------------------------------------------------- 17 - -------------------------------------------------------------------------------- CUSIP No. 989390109 Page 18 of 54 Pages - -------------------------------------------------------------------------------- (1) Name of Reporting Person UNITED STATES FIRE INSURANCE COMPANY - -------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (a) [ ] (b) [X] - -------------------------------------------------------------------------------- (3) SEC Use Only - -------------------------------------------------------------------------------- (4) Source of Funds WC - -------------------------------------------------------------------------------- (5) Check box if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e). [ ] - -------------------------------------------------------------------------------- (6) Citizenship or Place of Organization DELAWARE - -------------------------------------------------------------------------------- (7) Sole Voting Power Number of Shares Beneficially Owned ----------------------------------------- by Each (8) Shared Voting Power 2,240,447 Reporting Person With ----------------------------------------- (9) Sole Dispositive Power ----------------------------------------- (10) Shared Dispositive Power 2,240,447 - -------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 2,240,447 - -------------------------------------------------------------------------------- (12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] - -------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 9.8% - -------------------------------------------------------------------------------- (14) Type of Reporting Person (See Instructions) CO - -------------------------------------------------------------------------------- 18 - -------------------------------------------------------------------------------- CUSIP No. 989390109 Page 19 of 54 Pages - -------------------------------------------------------------------------------- (1) Name of Reporting Person THE NORTH RIVER INSURANCE COMPANY - -------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (a) [ ] (b) [X] - -------------------------------------------------------------------------------- (3) SEC Use Only - -------------------------------------------------------------------------------- (4) Source of Funds WC - -------------------------------------------------------------------------------- (5) Check box if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e). [ ] - -------------------------------------------------------------------------------- (6) Citizenship or Place of Organization NEW JERSEY - -------------------------------------------------------------------------------- (7) Sole Voting Power Number of Shares Beneficially Owned ----------------------------------------- by Each (8) Shared Voting Power 0 Reporting Person With ----------------------------------------- (9) Sole Dispositive Power ----------------------------------------- (10) Shared Dispositive Power 0 - -------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 0 - -------------------------------------------------------------------------------- (12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] - -------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 0% - -------------------------------------------------------------------------------- (14) Type of Reporting Person (See Instructions) CO - -------------------------------------------------------------------------------- 19 This Amendment No. 4 amends the Statement on Schedule 13D filed with the Securities and Exchange Commission (the "Commission") on July 6, 1999 by Fairfax Financial Holdings Limited ("Fairfax"), Hamblin Watsa Investment Counsel Ltd., The Sixty Two Investment Company Limited and V. Prem Watsa relating to the purchase of 6,574,445 shares of common stock, par value $1.00 per share (the "Common Stock"), of Zenith National Insurance Corp., a Delaware insurance holding company ("Zenith"), pursuant to a Stock Purchase Agreement (the "1999 Stock Purchase Agreement") dated as of June 25, 1999 between Fairfax and Reliance Insurance Company, which Statement on Schedule 13D (such schedule, as amended, being the "Schedule 13D") was amended by (i) Amendment No. 1 to the Statement on Schedule 13D relating to the Stock Purchase Agreement (the "2001 Stock Purchase Agreement") dated as of November 21, 2001 between Clearwater Insurance Company ("Clearwater"), a Delaware corporation, formerly known as Odyssey Reinsurance Corporation, and Zenith, providing for the purchase and sale of 1,000,000 shares of Common Stock of Zenith, (ii) Amendment No. 2 to the Statement on Schedule 13D relating to the purchase on March 21, 2003 by Odyssey America Reinsurance Corporation ("Odyssey America"), a Connecticut corporation, of $30,000,000 aggregate principal amount of 5.75% convertible senior notes due 2023 of Zenith (the "Senior Notes"), which Senior Notes are currently convertible, as described below in Item 5, into 1,200,000 shares of Common Stock of Zenith and (iii) Amendment No. 3 to the Statement on Schedule 13D relating to the sale of 3,100,000 shares of Common Stock of Zenith by certain subsidiaries of Fairfax pursuant to an underwriting agreement, dated as of July 27, 2004, among the underwriters named in Schedule A thereto, Zenith and certain subsidiaries of Fairfax, as selling stockholders, in connection with the sale of such shares in a public offering pursuant to a registration statement on Form S-3 filed by Zenith with the Commission. This Amendment No. 4 relates to the sale (the "Transaction") of 2,000,000 shares of Common Stock of Zenith by certain subsidiaries of Fairfax on August 2, 2005. The closing of the Transaction is expected to occur on or about August 5, 2005 and is subject to customary conditions. TIG Insurance Group, which was previously a Reporting Person, merged with and into a Delaware corporation, and the surviving company was renamed TIG Insurance Group, Inc. The following amendments to Items 2, 4, 5 and 7 of the Schedule 13D are hereby made. ITEM 2. IDENTITY AND BACKGROUND Item 2 of the Schedule 13D is hereby amended in its entirety to read as follows: "This statement is being jointly filed by the following persons (collectively, the "Reporting Persons"): 1. V. Prem Watsa, an individual, is a citizen of Canada. Mr. Watsa's business address is 95 Wellington Street West, Suite 800, Toronto, Ontario, Canada, M5J 2N7; 20 2. 1109519 Ontario Limited ("1109519"), a corporation incorporated under the laws of Ontario, is controlled by V. Prem Watsa. The principal business of 1109519 is as an investment holding company. The principal business address and principal office address of 1109519 is 95 Wellington Street West, Suite 800, Toronto, Ontario, M5J 2N7; 3. The Sixty Two Investment Company Limited ("Sixty Two"), a corporation incorporated under the laws of British Columbia, is controlled by V. Prem Watsa. The principal business of Sixty Two is as an investment holding company. The principal business address and principal office address of Sixty Two is 1600 Cathedral Place, 925 West Georgia St., Vancouver, British Columbia, Canada, V6C 3L3; 4. 810679 Ontario Limited ("810679"), a corporation incorporated under the laws of Ontario, is controlled by V. Prem Watsa. The principal business of 810679 is as an investment holding company. The principal business address and principal office address of 810679 is 95 Wellington Street West, Suite 800, Toronto, Ontario, Canada, M5J 2N7; 5. Fairfax, a corporation incorporated under the laws of Canada, is controlled by Sixty Two, 1109519, and V. Prem Watsa. Fairfax is a financial services holding company. The principal business and principal office address of Fairfax is 95 Wellington Street West, Suite 800, Toronto, Ontario, Canada, M5J 2N7; 6. CRC (Bermuda) Reinsurance Limited ("CRC (Bermuda)"), a corporation incorporated under the laws of Bermuda, is a wholly-owned subsidiary of Fairfax. The principal business of CRC (Bermuda) is reinsurance. The principal business address and principal office address of CRC (Bermuda) is c/o Westbrook Limited, Richmond House, 12 Par-la-Ville Road, P.O. Box HM 1022 Hamilton, HM DX Bermuda. 7. FFHL Group Ltd., a corporation incorporated under the laws of Canada, is a wholly-owned subsidiary of Fairfax. The principal business of FFHL Group Ltd. is as a holding company. The principal business address and principal office address of FFHL Group Ltd. is 95 Wellington Street West, Suite 800, Toronto, Ontario, Canada, M5J 2N7; 8. Fairfax Inc., a corporation incorporated under the laws of Wyoming, is a wholly-owned subsidiary of Fairfax. The principal business of Fairfax Inc. is as a holding company. The principal business address and principal office address of Fairfax Inc. is 300 First Stamford Place, Stamford, CT 06902; 9. TIG Holdings, Inc., a corporation incorporated under the laws of Delaware, is a wholly-owned subsidiary of Fairfax. The principal business of TIG Holdings, Inc. is as a holding company. The principal 21 business address and principal office address of TIG Holdings, Inc. is 5205 North O'Connor Blvd., Irving, Texas 75039; 10. TIG Insurance Group, Inc. ("TIG Insurance Group"), a corporation incorporated under the laws of Delaware, is a majority-owned subsidiary of Fairfax. The principal business of TIG Insurance Group is as a holding company. The principal business address and principal office address of TIG Insurance Group is 5205 North O'Connor Blvd., Irving, Texas 75039; 11. TIG Insurance Company ("TIG"), a corporation incorporated under the laws of California, is a majority-owned subsidiary of Fairfax. The principal business of TIG is property/casualty insurance. The principal business address and principal office address of TIG is 5205 North O'Connor Blvd., Irving, Texas 75039; 12. Odyssey Re Holdings Corp. ("OdysseyRe"), a corporation incorporated under the laws of Delaware, is a majority-owned subsidiary of Fairfax. The principal business of OdysseyRe is as a holding company. The principal business address and principal office address of OdysseyRe is 300 First Stamford Place, Stamford, Connecticut 06902; 13. Odyssey America, a corporation incorporated under the laws of Connecticut, is a wholly-owned subsidiary of OdysseyRe. The principal business of Odyssey America is REINSURANCE. The principal business address and principal office address of Odyssey America is 300 First Stamford Place, Stamford, Connecticut 06902; 14. Clearwater, a corporation incorporated under the laws of Delaware, formerly known as Odyssey Reinsurance Corporation, is a wholly-owned subsidiary of Odyssey America. The principal business of Clearwater is reinsurance and insurance. The principal business address and principal office address of Clearwater is 300 First Stamford Place, Stamford, Connecticut 06902; 15. Crum & Forster Holdings Corp., a corporation incorporated under the laws of Delaware, is a wholly-owned subsidiary of Fairfax. The principal business of Crum & Forster Holdings Corp. is as a holding company. The principal business address and principal office address of Crum & Forster Holdings Corp. is 305 Madison Avenue, P.O. Box 1943, Morristown, New Jersey 07962; 16. Crum & Forster Holding Inc., a corporation incorporated under the laws of Delaware, is a wholly-owned subsidiary of Fairfax. The principal business of Crum & Forster Holding Inc. is as a holding company. The principal business address and principal office address of Crum & Forster Holding Inc. is 305 Madison Avenue, P.O. Box 1943, Morristown, New Jersey 07962; 22 17. United States Fire Insurance Company ("US Fire"), a corporation incorporated under the laws of Delaware, is a wholly-owned subsidiary of Fairfax. The principal business of US Fire is insurance. The principal business address and principal office address of US Fire is 305 Madison Avenue, P.O. Box 1943, Morristown, New Jersey 07962; and 18. The North River Insurance Company ("North River"), a corporation incorporated under the laws of New Jersey, is a wholly-owned subsidiary of Fairfax. The principal business of North River is insurance. The principal business address and principal office address of North River is 305 Madison Avenue, P.O. Box 1943, Morristown, New Jersey 07962. Neither the filing of this Schedule 13D nor the information contained herein shall be deemed to constitute an affirmation by V. Prem Watsa, 1109519, Sixty Two, 810679, Fairfax, CRC (Bermuda), FFHL Group Ltd., Fairfax Inc., TIG Holdings, Inc., TIG Insurance Group, TIG, OdysseyRe, Odyssey America, Clearwater, Crum & Forster Holdings Corp., Crum & Forster Holding Inc., US Fire or North River that such person is the beneficial owner of the shares of Common Stock of Zenith referred to herein for purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose, and such beneficial ownership is expressly disclaimed. The name, present principal occupation or employment and name, principal business and address of any corporation or other organization in which such employment is conducted and the citizenship of each director and executive officer of each of the Reporting Persons (other than V. Prem Watsa, an individual) are set forth in Annex A, B, C, D, E, F, G, H, I, J, K, L, M, N, O, P or Q, as the case may be, and such Annexes are incorporated herein by reference. Pursuant to Rule 13d-1(k) under the Exchange Act, the Reporting Persons have agreed to file jointly one statement with respect to their ownership of the shares of Common Stock of Zenith. During the last five years, none of the Reporting Persons, and, to the best of each such Reporting Person's knowledge, none of the executive officers or directors of such Reporting Person have been (a) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (b) a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws." ITEM 4. PURPOSE OF TRANSACTION Item 4 of the Schedule 13D is hereby amended in its entirety to read as follows: "The shares of Common Stock of Zenith referred to herein and the Senior Notes have been acquired by the Reporting Persons for investment purposes and not for the purposes of, or in connection with, or as a participant in, any transaction having the purpose of changing 23 or influencing the control of Zenith. Fairfax and Zenith have entered into a standstill agreement dated as of June 30, 1999 (the "Original Standstill Agreement") as amended by Amendment No. 1 to the Standstill Agreement dated March 21, 2003 (the "Standstill Amendment", and together with the Original Standstill Agreement, the "Standstill Agreement") which prohibits Fairfax, subject to the terms and conditions set forth in the Standstill Agreement, from acquiring any additional securities or assets of Zenith until the earlier of (i) December 31, 2006 or (ii) the date on which Stanley R. Zax is no longer the full-time President and Chairman of the Board of Directors of Zenith. In addition, Fairfax has entered into a Proxy Agreement dated March 28, 2002 (the "Proxy Agreement") appointing John Clark (the "Trustee") as its proxy with respect to all matters for which Fairfax and all of its subsidiary corporations have the right to vote shares of Common Stock of Zenith. Under the Proxy Agreement, the Trustee shall vote such shares in the same proportion as the vote ultimately cast by all other voting stockholders. In the event that a proxy contest not supported by management occurs while the Standstill Agreement remains in effect, the Trustee shall vote as recommended by management of Zenith. The Reporting Persons have the following plans and proposals: (a) The Reporting Persons have no current intention to acquire or dispose of securities of Zenith, but may formulate plans to do so in the future. The Reporting Persons intend to review, on a continuous basis, various factors related to their direct or indirect investment, as the case may be, in Zenith, including the price and availability of the securities of Zenith, subsequent developments affecting Zenith's business, other investment and business opportunities available to the Reporting Persons and general stock market and economic conditions. Based upon these and other factors, the Reporting Persons may decide to purchase additional securities of Zenith or may decide in the future to sell all or part of their investment in Zenith; (b) The Reporting Persons have no plans or proposals to cause Zenith to enter into any extraordinary corporate transaction, such as a merger, reorganization or liquidation of Zenith or any of its subsidiaries; (c) The Reporting Persons have no plans or proposals to cause Zenith or any of its subsidiaries to sell or transfer a material amount of assets; (d) The Reporting Persons have no plans or proposals which would result in a change in the present board of directors or management of Zenith, whether through a change in the number or term of directors or otherwise; (e) The Reporting Persons have no plans to make any material change in the present capitalization or dividend policy of Zenith; (f) The Reporting Persons have no plans or proposals to cause Zenith to make any other material change in its business or corporate structure; (g) The Reporting Persons have no plans or proposals to cause Zenith to change its certificate of incorporation or bylaws or to take other actions which may impede the acquisition of control of Zenith by any person; 24 (h) The Reporting Persons have no plans or proposals to cause the shares of Common Stock of Zenith to be delisted from any securities exchange or cease to be authorized to be quoted in an inter-dealer quotation system; (i) The Reporting Persons have no plans or proposals to cause the shares of Common Stock of Zenith to become eligible for termination of registration pursuant to Section 12(g) of the Exchange Act; and (j) The Reporting Persons have no plans or proposals to take any actions similar to those enumerated above. The descriptions in this Item 4 of the Standstill Agreement and the Proxy Agreement are qualified in their entirety by reference to the Standstill Agreement and the Proxy Agreement, copies of which have been filed as Exhibits to this Schedule 13D." ITEM 5. INTEREST IN SECURITIES OF THE ISSUER Item 5 of the Schedule 13D is hereby amended in its entirety to read as follows: "(a) Based on the most recent information available, the aggregate number and percentage of the shares of Common Stock of Zenith (the securities identified pursuant to Item 1 of this Schedule 13D) that are beneficially owned by each of the Reporting Persons (including, where applicable, shares of Common Stock of Zenith issuable upon conversion of the Senior Notes, which are currently convertible as described below) are set forth in boxes 11 and 13 of the second part of the cover page to this Schedule 13D for each of the Reporting Persons, and such information is incorporated herein by reference. The Senior Notes are convertible at any time prior to March 30, 2023 following the occurrence of any of the following events: (i) during any fiscal quarter (beginning with the third quarter of 2003) if the sale price of Zenith's Common Stock for at least 20 trading days in the 30 trading-day period ending on the last trading day of the immediately preceding fiscal quarter exceeds 120% of the conversion price on that 30th trading day; (ii) after the 30th day following the initial issuance of the Senior Notes, if, and so long as, the Senior Notes are rated by Standard & Poor's Rating Services below "BB-" (or an equivalent successor rating), or the credit rating assigned to the Senior Notes is suspended or withdrawn; (iii) if Zenith has called the Senior Notes for redemption; or (iv) upon the occurrence of certain corporate events. The Senior Notes are currently convertible into shares of Common Stock of Zenith as of the date of filing this Schedule 13D and have therefore been included, where applicable, in the aggregate number and percentage of the shares of Common Stock of Zenith reported in this Schedule 13D as beneficially owned by the Reporting Persons, as required by Rule 13d-3(d)(1)(i) under the Exchange Act. Whether the Senior Notes will be convertible in the future will depend upon the occurrence of the events specified above. Not including shares of Common Stock of Zenith issuable upon conversion of the Senior Notes, the following Reporting Persons beneficially own the aggregate number and percentage of the shares of Common Stock of Zenith set forth below. 25
Aggregate Amount Percent of Class Represented Name of Reporting Person Beneficially Owned by Such Amount - ------------------------ ------------------ --------------------------- Odyssey America, OdysseyRe, 157,524 0.1% TIG Insurance Group, TIG Insurance Company and TIG Holdings, Inc. Fairfax Inc. and FFHL Group 2,397,971 10.4% Ltd. Fairfax, 810679, Sixty Two, 2,721,545 11.9% 1109519 and V. Prem Watsa
(b) The numbers of shares of Common Stock of Zenith as to which each of the Reporting Persons has sole voting power, shared voting power, sole dispositive power and shared dispositive power are set forth in boxes 7, 8, 9 and 10, respectively, on the second part of the cover page to this Schedule 13D for each of the Reporting Persons, and such information is incorporated herein by reference. (c) Except as described herein, none of the Reporting Persons, nor, to the best knowledge of the Reporting Persons, any person listed in Annex A, B, C, D, E, F, G, H, I, J, K, L, M, N, O, P or Q, beneficially owns, or during the last 60 days has acquired or disposed of, any shares of Common Stock of Zenith. (d) No person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, shares of Common Stock of Zenith held by the Reporting Persons other than each of the Reporting Persons. (e) Not applicable." ITEM 7. MATERIAL TO BE FILED AS EXHIBITS Item 7 of the Schedule 13D is hereby amended by the addition of the following exhibits to the end thereof: "4.0 Joint Filing Agreement dated as of August 2, 2005 among V. Prem Watsa, 1109519 Ontario Limited, The Sixty Two Investment Company Limited, 810679 Ontario Limited, Fairfax Financial Holdings Limited., CRC (Bermuda) Reinsurance Limited, FFHL Group Ltd., Fairfax Inc., TIG Holdings, Inc., TIG Insurance Group, Inc., TIG Insurance Company, Odyssey Re Holdings Corp., Odyssey America Reinsurance Corporation, Clearwater Insurance Company, Crum & Forster Holdings Corp., Crum & Forster Holding Inc., United States Fire Insurance Company, and The North River Insurance Company. 4.1 Lock-up Agreement dated August 2, 2005 of Fairfax Financial Holdings Limited." 26 SIGNATURE After reasonable inquiry and to the best of the undersigned's knowledge and belief, the undersigned certifies that the information set forth in this Schedule 13D with respect to the undersigned is true, complete and correct. IN WITNESS WHEREOF, the undersigned has executed this Schedule 13D as of the day of August, 2005. V. Prem Watsa /s/ V. Prem Watsa ---------------------------------------- 1109519 Ontario Limited By: /s/ V. Prem Watsa ------------------------------------ Name: V. Prem Watsa Title: President The Sixty Two Investment Company Limited By: /s/ V. Prem Watsa ------------------------------------ Name: V. Prem Watsa Title: President 27 810679 Ontario Limited By: /s/ V. Prem Watsa ------------------------------------ Name: V. Prem Watsa Title: President Fairfax Financial Holdings Limited By: /s/ Paul Rivett ------------------------------------ Name: Paul Rivett Title: Vice President CRC (Bermuda) Reinsurance Limited By: /s/ Ronald Schokking ------------------------------------ Name: Ronald Schokking Title: Vice President FFHL Group Ltd. By: /s/ V. Prem Watsa ------------------------------------ Name: V. Prem Watsa Title: Vice President and Director 28 Fairfax Inc. By: /s/ John Cassil ------------------------------------ Name: John Cassil Title: Vice President TIG Holdings, Inc. By: /s/ V. Prem Watsa ------------------------------------ Name: V. Prem Watsa Title: Chairman and Director TIG Insurance Group, Inc. By: /s/ Scott Donovan ------------------------------------ Name: Scott Donovan Title: President TIG Insurance Company By: /s/ Scott Donovan ------------------------------------ Name: Scott Donovan Title: President 29 Odyssey Re Holdings Corp. By: /s/ Robert Giammarco ------------------------------------ Name: Robert Giammarco Title: Executive Vice President and Chief Financial Officer Odyssey America Reinsurance Corporation By: /s/ Robert Giammarco ------------------------------------ Name: Robert Giammarco Title: Executive Vice President Clearwater Insurance Company By: /s/ Robert Giammarco ------------------------------------ Name: Robert Giammarco Title: Executive President Crum & Forster Holdings Corp. By: /s/ Carol Ann Soos ------------------------------------ Name: Carol Ann Soos Title: Secretary 30 Crum & Forster Holding Inc. By: /s/ Valerie J. Gasparik ------------------------------------ Name: Valerie J. Gasparik Title: Secretary United States Fire Insurance Company By: /s/ Carol Ann Soos ------------------------------------ Name: Carol Ann Soos Title: Vice President The North River Insurance Company By: /s/ Carol Ann Soos ------------------------------------ Name: Carol Ann Soos Title: Vice President 31 ANNEX INDEX
ANNEX DESCRIPTION ----- ----------- A Directors and Executive Officers of 1109519 Ontario Limited B Directors and Executive Officers of The Sixty Two Investment Company Limited C Directors and Executive Officers of 810679 Ontario Limited D Directors and Executive Officers of Fairfax Financial Holdings Limited E Directors and Executive Officers of CRC (Bermuda) Reinsurance Limited F Directors and Executive Officers of FFHL Group Ltd. G Directors and Executive Officers of Fairfax Inc. H Directors and Executive Officers of TIG Holdings, Inc. I Directors and Executive Officers of TIG Insurance Group, Inc. J Directors and Executive Officers of TIG Insurance Company K Directors and Executive Officers of Odyssey Re Holdings Corp. L Directors and Executive Officers of Odyssey America Reinsurance Corporation M Directors and Executive Officers of Clearwater Insurance Company N Directors and Executive Officers of Crum & Forster Holdings Corp. O Directors and Executive Officers of Crum & Forster Holding Inc. P Directors and Executive Officers of United States Fire Insurance Company Q Directors and Executive Officers of The North River Insurance Company
32 ANNEX A DIRECTORS AND EXECUTIVE OFFICERS OF 1109519 ONTARIO LIMITED The following table sets forth certain information with respect to the directors and executive officers of 1109519 Ontario Limited.
PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT AND THE NAME, PRINCIPAL BUSINESS AND ADDRESS OF ANY CORPORATION OR OTHER ORGANIZATION IN WHICH SUCH NAME EMPLOYMENT IS CONDUCTED CITIZENSHIP - ---- ------------------------------- ----------- V. Prem Watsa Chairman and Chief Executive Officer, Canadian (President and Director) Fairfax Financial Holdings Limited 95 Wellington Street West Suite 800 Toronto, Ontario M5J 2N7 Eric P. Salsberg Vice President, Corporate Affairs, Canadian (Assistant Secretary and Director) Fairfax Financial Holdings Limited
33 ANNEX B DIRECTORS AND EXECUTIVE OFFICERS OF THE SIXTY TWO INVESTMENT COMPANY LIMITED The following table sets forth certain information with respect to the directors and executive officers of The Sixty Two Investment Company Limited.
PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT AND THE NAME, PRINCIPAL BUSINESS AND ADDRESS OF ANY CORPORATION OR OTHER ORGANIZATION IN NAME WHICH SUCH EMPLOYMENT IS CONDUCTED CITIZENSHIP - ---- ------------------------------- ----------- V. Prem Watsa Chairman and Chief Executive Officer, Canadian (President and Director) Fairfax Financial Holdings Limited 95 Wellington Street West Suite 800 Toronto, Ontario M5J 2N7 Eric P. Salsberg Vice President, Corporate Affairs, Canadian (Assistant Secretary and Director) Fairfax Financial Holdings Limited
34 ANNEX C DIRECTORS AND EXECUTIVE OFFICERS OF 810679 ONTARIO LIMITED The following table sets forth certain information with respect to the directors and executive officers of 810679 Ontario Limited.
PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT AND THE NAME, PRINCIPAL BUSINESS AND ADDRESS OF ANY CORPORATION OR OTHER ORGANIZATION IN WHICH SUCH NAME EMPLOYMENT IS CONDUCTED CITIZENSHIP - ---- ------------------------------- ----------- V. Prem Watsa Chairman and Chief Executive Officer, Canadian (President and Director) Fairfax Financial Holdings Limited 95 Wellington Street West Suite 800 Toronto, Ontario M5J 2N7 Eric P. Salsberg Vice President, Corporate Affairs, Canadian (Assistant Secretary and Director) Fairfax Financial Holdings Limited
35 ANNEX D DIRECTORS AND EXECUTIVE OFFICERS OF FAIRFAX FINANCIAL HOLDINGS LIMITED The following table sets forth certain information with respect to the directors and executive officers of Fairfax Financial Holdings Limited.
PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT AND THE NAME, PRINCIPAL BUSINESS AND ADDRESS OF ANY CORPORATION OR OTHER ORGANIZATION IN WHICH SUCH NAME EMPLOYMENT IS CONDUCTED CITIZENSHIP - ---- ------------------------------- ----------- V. Prem Watsa Chairman and Chief Executive Officer, Canadian (Chairman and Chief Executive Officer) Fairfax Financial Holdings Limited 95 Wellington Street West Suite 800 Toronto, Ontario M5J 2N7 Frank B. Bennett President, Artesian Management Inc. United States (Director) 301 Carlson Parkway, Suite 120 Minnetonka, MN 55305 Robbert Hartog President, Robhar Investments Ltd. Canadian (Director) R.R. #1 Perkinsfield, Ontario L0L 2J0 Anthony Griffiths Independent Business Consultant Canadian (Director) Toronto, Ontario, Canada Paul Murray President, Canadian (Director) Pine Smoke Investments Toronto, Ontario, Canada Brandon W. Sweitzer Senior Advisor to the President of United States (Director) the Chamber of Commerce of the United States 1615 H Street, NW Washington, DC 20062
36
PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT AND THE NAME, PRINCIPAL BUSINESS AND ADDRESS OF ANY CORPORATION OR OTHER ORGANIZATION IN WHICH SUCH NAME EMPLOYMENT IS CONDUCTED CITIZENSHIP - ---- ------------------------------- ----------- Greg Taylor Vice President and Chief Canadian (Vice President and Chief Financial Officer) Financial Officer, Fairfax Financial Holdings Limited Eric P. Salsberg Vice President, Corporate Affairs, Canadian (Vice President, Corporate Affairs) Fairfax Financial Holdings Limited Paul Rivett Vice President, Canadian (Vice President) Fairfax Financial Holdings Limited
37 ANNEX E DIRECTORS AND EXECUTIVE OFFICERS OF CRC (BERMUDA) REINSURANCE LIMITED The following table sets forth certain information with respect to the directors and executive officers of CRC (Bermuda) Reinsurance Limited.
PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT AND THE NAME, PRINCIPAL BUSINESS AND ADDRESS OF ANY CORPORATION OR OTHER ORGANIZATION IN WHICH SUCH NAME EMPLOYMENT IS CONDUCTED CITIZENSHIP - ---- ------------------------------- ----------- Sam Chan Vice President Canadian (Director and President) Fairfax Financial Holdings Limited 95 Wellington Street West, Ste. 800 Toronto, ON Charles Collis Attorney British/Bermudian (Director) Conyers Dill & Pearman Clarendon House, Church Street Hamilton, Bermuda Christopher Garrod Attorney British/Bermudian (Director) Conyers Dill & Pearman Clarendon House, Church Street Hamilton, Bermuda Ronald Schokking Vice President, Finance Canadian (Director, Vice President and Treasurer) Fairfax Financial Holdings Limited Bradley P. Martin Vice President Canadian (Vice President) Fairfax Financial Holdings Limited Eric P. Salsberg Vice President, Corporate Affairs Canadian (Vice President) Fairfax Financial Holdings Limited
38 ANNEX F DIRECTORS AND EXECUTIVE OFFICERS OF FFHL GROUP LTD. The following table sets forth certain information with respect to the directors and executive officers of FFHL Group Ltd.
PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT AND THE NAME, PRINCIPAL BUSINESS AND ADDRESS OF ANY CORPORATION OR OTHER ORGANIZATION IN WHICH SUCH NAME EMPLOYMENT IS CONDUCTED CITIZENSHIP - ---- ------------------------------- ----------- James F. Dowd President and Chief Executive United States (Chairman) Officer, Fairfax Inc. 305 Madison Avenue Morristown, NJ 07962 Eric P. Salsberg Vice President, Corporate Affairs, Canadian (Vice President and Director) Fairfax Financial Holdings Limited 95 Wellington Street West Suite 800 Toronto, Ontario M5J 2N7 Bradley P. Martin Vice President, Canadian (Vice President and Secretary) Fairfax Financial Holdings Limited V. Prem Watsa Chairman and Chief Executive Officer, Canadian (Vice President and Director) Fairfax Financial Holdings Limited Ronald Schokking Vice President, Finance Canadian (Vice President) Fairfax Financial Holdings Limited M. Jane Williamson Vice President, Canadian (Director) Fairfax Financial Holdings Limited
39 ANNEX G DIRECTORS AND EXECUTIVE OFFICERS OF FAIRFAX INC. The following table sets forth certain information with respect to the directors and executive officers of Fairfax Inc.
PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT AND THE NAME, PRINCIPAL BUSINESS AND ADDRESS OF ANY CORPORATION OR OTHER ORGANIZATION IN WHICH SUCH NAME EMPLOYMENT IS CONDUCTED CITIZENSHIP - ---- ------------------------------- ----------- Eric P. Salsberg Vice President, Corporate Affairs, Canadian (Vice President and Director) Fairfax Financial Holdings Limited 95 Wellington Street West Suite 800 Toronto, Ontario M5J 2N7 James F. Dowd Chairman, President and Chief United States (Chairman, President & CEO) Executive Officer, Fairfax Inc. 305 Madison Avenue Morristown, NJ 07962 Ronald Schokking Vice President, Finance, Canadian (Vice President) Fairfax Financial Holdings Limited Trevor J. Ambridge Vice President and Chief Financial Canadian (Vice President) Officer, Fairfax Financial Holdings Limited John Cassil Vice President, United States (Vice President) Fairfax Inc.
40 ANNEX H DIRECTORS AND EXECUTIVE OFFICERS OF TIG HOLDINGS, INC. The following table sets forth certain information with respect to the directors and executive officers of TIG Holdings, Inc.
PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT AND THE NAME, PRINCIPAL BUSINESS AND ADDRESS OF ANY CORPORATION OR OTHER ORGANIZATION IN WHICH SUCH NAME EMPLOYMENT IS CONDUCTED CITIZENSHIP - ---- ------------------------------- ----------- V. Prem Watsa Chairman and Chief Executive Officer, Canadian (Chairman and Director) Fairfax Financial Holdings Limited 95 Wellington Street West Suite 800 Toronto, Ontario M5J 2N7 Trevor J. Ambridge Vice President and Chief Canadian (Director) Financial Officer, Fairfax Financial Holdings Limited Dennis C. Gibbs Chief Executive Officer and Director, United States (Chief Executive Officer and Director) TIG Insurance Company R. Scott Donovan President and Director, United States (President and Director) TIG Insurance Company Michael J. Sluka Senior Vice President, Chief United States (Senior Vice President, Chief Financial Financial Officer, Treasurer and Officer, and Treasurer) Director, TIG Insurance Company
41 ANNEX I DIRECTORS AND EXECUTIVE OFFICERS OF TIG INSURANCE GROUP, INC. The following table sets forth certain information with respect to the directors and executive officers of TIG Insurance Group, Inc.
PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT AND THE NAME, PRINCIPAL BUSINESS AND ADDRESS OF ANY CORPORATION OR OTHER ORGANIZATION IN WHICH SUCH NAME EMPLOYMENT IS CONDUCTED CITIZENSHIP - ---- ------------------------------- ----------- R. Scott Donovan President and Director, United States (President and Director) TIG Insurance Company Dennis C. Gibbs Chief Executive Officer and United States (Chief Executive Officer and Director) Director, TIG Insurance Company Charles G. Ehrlich Senior Vice President and Director, United States (Senior Vice President, General TIG Insurance Company Counsel and Secretary) Michael J. Sluka Senior Vice President, Chief United States (Senior Vice President, Chief Financial Financial Officer, Treasurer and Officer, Treasurer, and Director) Director, TIG Insurance Company William J. Gillett United States (Director)
42 ANNEX J DIRECTORS AND EXECUTIVE OFFICERS OF TIG INSURANCE COMPANY The following table sets forth certain information with respect to the directors and executive officers of TIG Insurance Company.
PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT AND THE NAME, PRINCIPAL BUSINESS AND ADDRESS OF ANY CORPORATION OR OTHER ORGANIZATION IN WHICH SUCH NAME EMPLOYMENT IS CONDUCTED CITIZENSHIP - ---- ------------------------------- ----------- Dennis C. Gibbs Chairman, Chief Executive Officer and United States (Chairman, Chief Executive Officer and Director, Director) TIG Insurance Company R. Scott Donovan President and Director, United States (President and Director) TIG Insurance Company Charles G. Ehrlich Senior Vice President and Director, United States (Senior Vice President and Director) TIG Insurance Company John M. Parker Senior Vice President, General United States (Senior Vice President, General Counsel, Counsel, and Secretary, and Secretary) TIG Insurance Company Robert L. Gossett Senior Vice President and Director, United States (Senior Vice President and Director) TIG Insurance Company Michael J. Sluka Senior Vice President, Chief United States (Senior Vice President, Chief Financial Financial Officer, Treasurer and Officer, Treasurer and Director) Director, TIG Insurance Company
43 ANNEX K DIRECTORS AND EXECUTIVE OFFICERS OF ODYSSEY RE HOLDINGS CORP. The following table sets forth certain information with respect to the directors and executive officers of Odyssey Re Holdings Corp.
PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT AND THE NAME, PRINCIPAL BUSINESS AND ADDRESS OF ANY CORPORATION OR OTHER ORGANIZATION IN WHICH SUCH NAME EMPLOYMENT IS CONDUCTED CITIZENSHIP - ---- ------------------------------- ----------- V. Prem Watsa Chairman and Chief Executive Officer, Canadian (Chairman) Fairfax Financial Holdings Limited 95 Wellington Street West Suite 800 Toronto, Ontario M5J 2N7 James F. Dowd President and Chief Executive United States (Vice Chairman) Officer, Fairfax Inc. 305 Madison Avenue Morristown, NJ 07962 Andrew Barnard President, Chief Executive Officer, United States (President, Chief Executive Officer and and Director Director) Odyssey Re Holdings Corp. 300 First Stamford Place, Stamford, Connecticut 06902 Michael G. Wacek Executive Vice President, United States (Executive Vice President) Odyssey Re Holdings Corp. Robert Giammarco Executive Vice President and Chief Canadian (Executive Vice President and Chief Financial Officer, Financial Officer) Odyssey Re Holdings Corp. Anthony J. Narciso, Jr. Senior Vice President and Controller, United States (Senior Vice President and Controller) Odyssey Re Holdings Corp.
44
PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT AND THE NAME, PRINCIPAL BUSINESS AND ADDRESS OF ANY CORPORATION OR OTHER ORGANIZATION IN WHICH SUCH NAME EMPLOYMENT IS CONDUCTED CITIZENSHIP - ---- ------------------------------- ----------- Donald L. Smith Senior Vice President, United States (Senior Vice President, General Counsel General Counsel and Corporate and Corporate Secretary) Secretary, Odyssey Re Holdings Corp. Frank B. Bennett President, Artesian Management Inc. United States (Director) 301 Carlson Parkway, Suite 120 Minnetonka, MN 55305 Anthony F. Griffiths Independent Consultant and Corporate Canadian (Director) Director, 95 Wellington Street West Suite 800 Toronto, Ontario M5J 2N7 Robbert Hartog President, Robhar Investments Ltd. Canadian (Director) R.R. #1 Perkinsfield, Ontario L0L 2J0 Brandon W. Sweitzer Senior Advisor to the President of United States (Director) the Chamber of Commerce of the United States 1615 H Street, NW Washington, DC 20062 Samuel A. Mitchell Principal, Hamblin Watsa Investment United States (Director) Counsel, Ltd. Toronto, Ontario, Canada
45 ANNEX L DIRECTORS AND EXECUTIVE OFFICERS OF ODYSSEY AMERICA REINSURANCE CORPORATION The following table sets forth certain information with respect to the directors and executive officers of Odyssey America Reinsurance Corporation.
PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT AND THE NAME, PRINCIPAL BUSINESS AND ADDRESS OF ANY CORPORATION OR OTHER ORGANIZATION IN WHICH SUCH NAME EMPLOYMENT IS CONDUCTED CITIZENSHIP - ---- ------------------------------- ----------- Andrew A. Barnard President, Chief Executive United States (Chairman, Chief Executive Officer and Officer, and Director Director) Odyssey Re Holdings Corp. 300 First Stamford Place, Stamford, Connecticut 06902 Michael G. Wacek Executive Vice President, United States (President and Director) Odyssey Re Holdings Corp. Mark W. Hinkley Executive Vice President, United States (Executive Vice President and Director) Odyssey America Reinsurance Corporation 300 First Stamford Place Stamford, CT 06902 James E. Migliorini Executive Vice President, United States (Senior Vice President and Director) Odyssey America Reinsurance Corporation Donald L. Smith Senior Vice President, General United States (Senior Vice President and General Counsel Counsel and Corporate Secretary, and Director) Odyssey Re Holdings Corp. Brian D. Young Executive Vice President, United States (Executive Vice President and Director) Odyssey America Reinsurance Corporation
46
PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT AND THE NAME, PRINCIPAL BUSINESS AND ADDRESS OF ANY CORPORATION OR OTHER ORGANIZATION IN WHICH SUCH NAME EMPLOYMENT IS CONDUCTED CITIZENSHIP - ---- ------------------------------- ----------- Robert Giammarco Executive Vice President and Chief Canadian (Executive Vice President and Director) Financial Officer, Odyssey Re Holdings Corp.
47 ANNEX M DIRECTORS AND EXECUTIVE OFFICERS OF CLEARWATER INSURANCE COMPANY The following table sets forth certain information with respect to the directors and executive officers of Clearwater Insurance Company.
PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT AND THE NAME, PRINCIPAL BUSINESS AND ADDRESS OF ANY CORPORATION OR OTHER ORGANIZATION IN WHICH SUCH NAME EMPLOYMENT IS CONDUCTED CITIZENSHIP - ---- ------------------------------- ----------- Andrew A. Barnard President, Chief Executive United States (Chairman, Chief Executive Officer and Officer, and Director Director) Odyssey Re Holdings Corp. 300 First Stamford Place, Stamford, Connecticut 06902 James E. Migliorini Executive Vice President, United States (President and Director) Odyssey America Reinsurance Corporation 300 Stamford Place Stamford, CT 06902 Mark W. Hinkley Executive Vice President, United States (Executive Vice President and Director) Odyssey America Reinsurance Corporation Robert S. Bennett Executive Vice President and Chief United States (Executive Vice President, Chief Actuary Actuary, and Director) Odyssey America Reinsurance Corporation Donald L. Smith Senior Vice President, General United States (Senior Vice President, General Counsel, Counsel and Corporate Secretary, Corporate Secretary and Director) Odyssey Re Holdings Corp.
48
PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT AND THE NAME, PRINCIPAL BUSINESS AND ADDRESS OF ANY CORPORATION OR OTHER ORGANIZATION IN WHICH SUCH NAME EMPLOYMENT IS CONDUCTED CITIZENSHIP - ---- ------------------------------- ----------- Brian D. Young Executive Vice President, United States (Executive Vice President and Director) Odyssey America Reinsurance Corporation Robert Giammarco Executive Vice President and Chief Canadian (Executive Vice President and Director) Financial Officer, Odyssey Re Holdings Corp. Christopher L. Gallagher Senior Vice President, United States (Executive Vice President and Director) Odyssey America Reinsurance Corporation
49 ANNEX N DIRECTORS AND EXECUTIVE OFFICERS OF CRUM & FORSTER HOLDINGS CORP. The following table sets forth certain information with respect to the directors and executive officers of Crum & Forster Holdings Corp. PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT AND THE NAME, PRINCIPAL BUSINESS AND ADDRESS OF ANY CORPORATION OR OTHER ORGANIZATION IN WHICH SUCH NAME EMPLOYMENT IS CONDUCTED CITIZENSHIP - ---- ------------------------------ ----------- V. Prem Watsa Chairman and Chief Executive Canadian (Chairman) Officer, Fairfax Financial Holdings Limited 95 Wellington Street West Suite 800 Toronto, Ontario M5J 2N7 Nikolas Antonopoulos Chief Executive Officer and United States (Chief Executive Officer and President, President) Crum & Forster Holdings Corp. and various other insurance subsidiaries 305 Madison Avenue Morristown, NJ 07962 Mary Jane Robertson Executive Vice President, Chief United States (Executive Vice President, Chief Financial Officer and Treasurer, Financial Officer and Treasurer) Crum & Forster Holdings Corp. and various other insurance subsidiaries Frank B. Bennett President, Artesian Management United States (Director) Inc. 301 Carlson Parkway, Suite 120 Minnetonka, MN 55305 Robbert Hartog President, Robhar Investments Canadian (Director) Ltd. R.R. #1 Perkinsfield, Ontario L0L 2J0 Anthony Griffiths Independent Business Consultant Canadian (Director) Toronto, Ontario, Canada 50 ANNEX O DIRECTORS AND EXECUTIVE OFFICERS OF CRUM & FORSTER HOLDING INC. The following table sets forth certain information with respect to the directors and executive officers of Crum & Forster Holding Inc. PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT AND THE NAME, PRINCIPAL BUSINESS AND ADDRESS OF ANY CORPORATION OR OTHER ORGANIZATION IN WHICH SUCH NAME EMPLOYMENT IS CONDUCTED CITIZENSHIP - ---- ------------------------------ ----------- Nikolas Antonopoulos Chief Executive Officer and United States (Chairman and Chief Executive President, Officer) Crum & Forster Holdings Corp. and various other insurance subsidiaries 305 Madison Avenue Morristown, NJ 07962 Joseph F. Braunstein, Jr. President, United States (President and Director) Crum & Forster Holding Inc. and various other insurance subsidiaries, 305 Madison Avenue Morristown, NJ 07962 Mary Jane Robertson Executive Vice President, Chief United States (Executive Vice President, Financial Officer and Treasurer, Treasurer and Director) Crum & Forster Holdings Corp. and various other insurance subsidiaries, 305 Madison Avenue Morristown, NJ 07962 Douglas M. Libby President, United States (Senior Vice President and Seneca Insurance Company Director) 160 Water Street New York, NY 10038 51 ANNEX P DIRECTORS AND EXECUTIVE OFFICERS OF UNITED STATES FIRE INSURANCE COMPANY The following table sets forth certain information with respect to the directors and executive officers of United States Fire Insurance Company. PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT AND THE NAME, PRINCIPAL BUSINESS AND ADDRESS OF ANY CORPORATION OR OTHER ORGANIZATION IN WHICH SUCH NAME EMPLOYMENT IS CONDUCTED CITIZENSHIP - ---- ------------------------------ ----------- Nikolas Antonopoulos Chief Executive Officer and United States (Chief Executive Officer and President, Chairman) Crum & Forster Holdings Corp. and various other insurance subsidiaries 305 Madison Avenue Morristown, NJ 07962 Joseph F. Braunstein, Jr. President, United States (President and Director) Crum & Forster Holding Inc. and various other insurance subsidiaries, 305 Madison Avenue Morristown, NJ 07962 Mary Jane Robertson Executive Vice President, Chief United States (Executive Vice President, Chief Financial Officer and Treasurer, Financial Officer, Treasurer Crum & Forster Holdings Corp. and Director) and various other insurance subsidiaries, 305 Madison Avenue Morristown, NJ 07962 Dennis J. Hammer Senior Vice President and United States (Senior Vice President and Controller, Controller) United States Fire Insurance Company, 305 Madison Avenue Morristown, NJ 07962 52 ANNEX Q DIRECTORS AND EXECUTIVE OFFICERS OF THE NORTH RIVER INSURANCE COMPANY The following table sets forth certain information with respect to the directors and executive officers of The North River Insurance Company. PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT AND THE NAME, PRINCIPAL BUSINESS AND ADDRESS OF ANY CORPORATION OR OTHER ORGANIZATION IN WHICH SUCH NAME EMPLOYMENT IS CONDUCTED CITIZENSHIP - ---- ------------------------------ ----------- Nikolas Antonopoulos Chief Executive Officer and United States (Chief Executive Officer and President, Chairman) Crum & Forster Holdings Corp. and various other insurance subsidiaries 305 Madison Avenue Morristown, NJ 07962 Joseph F. Braunstein, Jr. President, United States (President and Director) Crum & Forster Holding Inc. and various other insurance subsidiaries, 305 Madison Avenue Morristown, NJ 07962 Mary Jane Robertson Executive Vice President, Chief United States (Executive Vice President, Chief Financial Officer and Treasurer, Financial Officer, Treasurer Crum & Forster Holdings Corp. and Director) and various other insurance subsidiaries, 305 Madison Avenue Morristown, NJ 07962 Dennis J. Hammer Senior Vice President and United States (Senior Vice President and Controller, Controller) United States Fire Insurance Company, 305 Madison Avenue Morristown, NJ 07962 53 EXHIBIT INDEX EXHIBIT NO. DESCRIPTION ----------- ----------- 4.0 Joint Filing Agreement dated as of August 2, 2005 among V. Prem Watsa, 1109519 Ontario Limited, The Sixty Two Investment Company Limited, 810679 Ontario Limited, Fairfax Financial Holdings Limited., CRC (Bermuda) Reinsurance Limited, FFHL Group Ltd., Fairfax Inc., TIG Holdings, Inc., TIG Insurance Group, Inc., TIG Insurance Company, Odyssey Re Holdings Corp., Odyssey America Reinsurance Corporation, Clearwater Insurance Company, Crum & Forster Holdings Corp., Crum & Forster Holding Inc., United States Fire Insurance Company, and The North River Insurance Company. 4.1 Lock-up Agreement dated August 2, 2005 of Fairfax Financial Holdings Limited. 54 EX-4.0 2 t17584exv4w0.txt EX-4.0 EXHIBIT 4.0 CUSIP No. 989390109 AGREEMENT CONCERNING JOINT FILING OF SCHEDULE 13D The undersigned agree as follows: (i) each of them is individually eligible to use the Schedule 13D to which this Exhibit is attached, and such Schedule 13D is filed on behalf of each of them; and (ii) each of them is responsible for the timely filing of such Schedule 13D and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein; but none of them is responsible for the completeness or accuracy of the information concerning the other person making the filing, unless such person knows or has reason to believe that such information is inaccurate. This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but all of which, taken together, shall constitute one and the same instrument. Dated: August 2, 2005 V. PREM WATSA /s/ V. Prem Watsa ----------------------------------------- 1109519 ONTARIO LIMITED By: /s/ V. Prem Watsa ------------------------------------- Name: V. Prem Watsa Title: President THE SIXTY TWO INVESTMENT COMPANY LIMITED By: /s/ V. Prem Watsa ------------------------------------ Name: V. Prem Watsa Title: President 810679 ONTARIO LIMITED By: /s/ V. Prem Watsa ------------------------------------ Name: V. Prem Watsa Title: President FAIRFAX FINANCIAL HOLDINGS LIMITED By: /s/ Paul Rivett ------------------------------------ Name: Paul Rivett Title: Vice President CRC (BERMUDA) REINSURANCE LIMITED By: /s/ Ronald Schokking ------------------------------------ Name: Ronald Schokking Title: Vice President FFHL GROUP LTD. By: /s/ V. Prem Watsa ------------------------------------ Name: V. Prem Watsa Title: Vice President and Director FAIRFAX INC. By: /s/ John Cassil ------------------------------------ Name: John Cassil Title: Vice President TIG HOLDINGS, INC. By: /s/ V. Prem Watsa ------------------------------------ Name: V. Prem Watsa Title: Chairman and Director TIG INSURANCE GROUP, INC. By: /s/ Scott Donovan ------------------------------------ Name: Scott Donovan Title: President TIG INSURANCE COMPANY By: /s/ Scott Donovan ------------------------------------ Name: Scott Donovan Title: President ODYSSEY RE HOLDINGS CORP. By: /s/ Robert Giammarco ------------------------------------ Name: Robert Giammarco Title: Executive Vice President and Chief Financial Officer ODYSSEY AMERICA REINSURANCE CORPORATION By: /s/ Robert Giammarco ------------------------------------ Name: Robert Giammarco Title: Executive Vice President CLEARWATER INSURANCE COMPANY By: /s/ Robert Giammarco ------------------------------------ Name: Robert Giammarco Title: Executive President CRUM & FORSTER HOLDINGS CORP. By: /s/ Carol Ann Soos ------------------------------------ Name: Carol Ann Soos Title: Secretary CRUM & FORSTER HOLDING INC. By: /s/ Valerie J. Gasparik ------------------------------------ Name: Valerie J. Gasparik Title: Secretary UNITED STATES FIRE INSURANCE COMPANY By: /s/ Carol Ann Soos ------------------------------------ Name: Carol Ann Soos Title: Vice President THE NORTH RIVER INSURANCE COMPANY By: /s/ Carol Ann Soos ------------------------------------ Name: Carol Ann Soos Title: Vice President EX-4.1 3 t17584exv4w1.txt EX-4.1 Exhibit 4.1 FAIRFAX FINANCIAL HOLDINGS LIMITED August 2, 2005 Wachovia Securities 301 South College Street NC0602 Charlotte, NC 28288 Re: Sale of shares of Common Stock of Zenith National Insurance Corp. (the "Company") Ladies and Gentlemen: Fairfax Financial Holdings Limited ("Fairfax") is the beneficial owner of certain shares of Common Stock of the Company ("Common Stock") or securities convertible into or exchangeable or exercisable for Common Stock. Certain subsidiaries of Fairfax (the "Selling Stockholders") propose to sell certain shares of Common Stock (the "Transaction"). Fairfax acknowledges that you are relying on the representations and agreements of Fairfax contained in this letter in carrying out the Transaction. In consideration of the foregoing, Fairfax hereby agrees that it will not, (and will cause any entity under its control, including any of its subsidiaries, not to), without your prior written consent, directly or indirectly, sell, offer, contract or grant any option to sell (including without limitation any short sale), pledge, transfer, establish an open "put equivalent position" within the meaning of Rule 16a-1(h) under the Securities Exchange Act of 1934, as amended, or otherwise dispose of any shares of Common Stock, options or warrants to acquire shares of Common Stock, or securities exchangeable or exercisable for or convertible into shares of Common Stock currently or hereafter owned either of record or beneficially (as defined in Rule 13d-3 under the Securities Exchange Act of 1934, as amended) by Fairfax (or such entity under its control), or publicly announce an intention to do any of the foregoing, for a period commencing on the date hereof and continuing through the close of trading on the date 30 days after the date hereof. Notwithstanding the foregoing, Fairfax may (i) exercise options or warrants to acquire shares of Common Stock or (ii) transfer the Common Stock (w) to the Company to pay withholding taxes, or satisfy the exercise price, applicable to the exercise of options, (x) as a bona fide gift or gifts, provided that the donee or donees thereof agree to be bound by the restrictions set forth herein, (y) to any entity under Fairfax's control, including any of its subsidiaries, provided that such entity agrees to be bound by the restrictions set forth herein, and provided further that any such transfer shall not involve a disposition for value or (z) with your prior written consent. 1 This agreement is irrevocable and will be binding on Fairfax and the respective successors, heirs, personal representatives, and assigns of Fairfax. FAIRFAX FINANCIAL HOLDINGS LIMITED By: /s/ Paul C. Rivett ------------------------------- Name: Paul C. Rivett Title Vice President 2 -----END PRIVACY-ENHANCED MESSAGE-----