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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
Stewart Information Services Corporation
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(Name of Issuer)
Common Stock, par value $1.00 per share
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(Title of Class of Securities)
86037210
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(CUSIP Number)
Check the following box if a fee is being paid with this statement
[ ]. (A fee is not required only if the filing person: (1) has a previous
statement on file reporting beneficial ownership of more than five percent of
the class of securities described in Item 1; and (2) has filed no amendment
subsequent thereto reporting beneficial ownership of five percent or less of
such class.) (See Rule 13d-7).
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.
The information required in 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 ("Act") or otherwise subject to the liabilities of that
section of the Act but shall be subject to all other provisions of the Act.
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CUSIP NO. 86037210
- -------------------------------------------------------------------------------
1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above
Persons
V. Prem Watsa
----------------------------------------------------------------------
(No S.S. or I.R.S. Identification Nos.)
- -------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(b) X . . . . . . . . . . . . . . . . . . . . . . . . . . .
- -------------------------------------------------------------------------------
3) SEC Use Only . . . . . . . . . . . . . . . . . . . . . . . . . .
- -------------------------------------------------------------------------------
4) Citizenship or Place of Organization Canada
---------------------------------
- -------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power -0-
Beneficially Owned ---------------------------------
by Each Reporting
Person With ---------------------------------------------------------
(6) Shared Voting Power 292,313
---------------------------
---------------------------------------------------------
(7) Sole Dispositive Power -0-
-------------------------
---------------------------------------------------------
(8) Shared Dispositive Power 292,313
-----------------------
- -------------------------------------------------------------------------------
9) Aggregate Amount Beneficially Owned by Each Reporting
Person 292,313
- -------------------------------------------------------------------------------
10) Check if the Aggregate Amount in Row (9) Excludes Certain
Shares (See Instructions) . . . . . . . . . . . . . . . . . .
- -------------------------------------------------------------------------------
11) Percent of Class Represented by Amount in Row 9 4.9%
-------------
- -------------------------------------------------------------------------------
12) Type of Reporting Person (See Instructions) IN (Canadian)
-------------------
- -------------------------------------------------------------------------------
2(1)
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CUSIP NO. 86037210
---------------
- -------------------------------------------------------------------------------
1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of
Above Persons
The Sixty Two Investment Company Limited
----------------------------------------------------------------------
(No S.S. or I.R.S. Identification Nos.)
- -------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) . . . . . . . . . . . . . . . . . . . . . . . . . . .
(b) X . . . . . . . . . . . . . . . . . . . . . . . . . .
- -------------------------------------------------------------------------------
3) SEC Use Only . . . . . . . . . . . . . . . . . . . . . . . . .
- -------------------------------------------------------------------------------
4) Citizenship or Place of Organization British Columbia, Canada
---------------------------------
- -------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power -0-
Beneficially Owned ------------------------------
by Each Reporting
Person With ---------------------------------------------------------
(6) Shared Voting Power 292,313
---------------------------
---------------------------------------------------------
(7) Sole Dispositive Power -0-
-------------------------
---------------------------------------------------------
(8) Shared Dispositive Power 292,313
-----------------------
- -------------------------------------------------------------------------------
9) Aggregate Amount Beneficially Owned by Each Reporting
Person 292,313
- -------------------------------------------------------------------------------
10) Check if the Aggregate Amount in Row (9) Excludes Certain
Shares (See Instructions) . . . . . . . . . . . . . . . . . .
- -------------------------------------------------------------------------------
11) Percent of Class Represented by Amount in Row 9 4.9%
----------------------
- -------------------------------------------------------------------------------
12) Type of Reporting Person (See Instructions) CO (Canadian)
--------------------------
- -------------------------------------------------------------------------------
2(2)
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CUSIP NO. 86037210
--------------
- -------------------------------------------------------------------------------
1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of
Above Persons
810679 Ontario Ltd.
----------------------------------------------------------------------
(No S.S. or I.R.S. Identification Nos.)
- -------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) . . . . . . . . . . . . . . . . . . . . . . . . . . .
(b) X . . . . . . . . . . . . . . . . . . . . . . . . . .
- -------------------------------------------------------------------------------
3) SEC Use Only. . . . . . . . . . . . . . . . . . . . . . . .
- -------------------------------------------------------------------------------
4) Citizenship or Place of Organization Ontario, Canada
---------------------------------
- -------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power -0-
Beneficially Owned -------------------------------
by Each Reporting
Person With ----------------------------------------------------------
(6) Shared Voting Power 292,313
----------------------------
----------------------------------------------------------
(7) Sole Dispositive Power -0-
--------------------------
----------------------------------------------------------
(8) Shared Dispositive Power 292,313
------------------------
- -------------------------------------------------------------------------------
9) Aggregate Amount Beneficially Owned by Each Reporting
Person 292,313
- -------------------------------------------------------------------------------
10) Check if the Aggregate Amount in Row (9) Excludes Certain
Shares (See Instructions) . . . . . . . . . . . . . . . . . .
- -------------------------------------------------------------------------------
11) Percent of Class Represented by Amount in Row 9 4.9%
---------------------
- -------------------------------------------------------------------------------
12) Type of Reporting Person (See Instructions) CO (Canadian)
--------------------------
- -------------------------------------------------------------------------------
2(3)
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CUSIP NO. 86037210
-----------------
- -------------------------------------------------------------------------------
1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above
Persons
Fairfax Financial Holdings Limited
----------------------------------------------------------------------
(No S.S. or I.R.S. Identification Nos.)
- -------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) . . . . . . . . . . . . . . . . . . . . . . . . . . .
(b) X . . . . . . . . . . . . . . . . . . . . . . . . . .
- -------------------------------------------------------------------------------
3) SEC Use Only . . . . . . . . . . . . . . . . . . . . . . . . .
- -------------------------------------------------------------------------------
4) Citizenship or Place of Organization Canada
--------------------------------
- -------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power -0-
Beneficially Owned -------------------------------
by Each Reporting
Person With ----------------------------------------------------------
(6) Shared Voting Power 292,313
----------------------------
----------------------------------------------------------
(7) Sole Dispositive Power -0-
--------------------------
----------------------------------------------------------
(8) Shared Dispositive Power 292,313
------------------------
- -------------------------------------------------------------------------------
9) Aggregate Amount Beneficially Owned by Each Reporting Person 292,313
- -------------------------------------------------------------------------------
10) Check if the Aggregate Amount in Row (9) Excludes Certain
Shares (See Instructions) . . . . . . . . . . . . . . . . . . . . . .
- -------------------------------------------------------------------------------
11) Percent of Class Represented by Amount in Row 9 4.9%
------------------------
- -------------------------------------------------------------------------------
12) Type of Reporting Person (See Instructions) HC (Canadian)
---------------------------
- -------------------------------------------------------------------------------
2(4)
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CUSIP NO. 86037210
-----------------
- -------------------------------------------------------------------------------
1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above
Persons
Hamblin Watsa Investment Counsel Ltd.
-----------------------------------------------------------------------
(No S.S. or I.R.S. Identification Nos.)
- -------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(b) X . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- -------------------------------------------------------------------------------
3) SEC Use Only . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- -------------------------------------------------------------------------------
4) Citizenship or Place of Organization Canada
---------------------------------
- -------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power -0-
Beneficially Owned -------------------------------
by Each Reporting
Person With ----------------------------------------------------------
(6) Shared Voting Power 292,313
------------------------------
----------------------------------------------------------
(7) Sole Dispositive Power -0-
-------------------------
----------------------------------------------------------
(8) Shared Dispositive Power 292,313
----------------------
----------------------------------------------------------
9) Aggregate Amount Beneficially Owned by Each Reporting Person 292,313
- -------------------------------------------------------------------------------
10) Check if the Aggregate Amount in Row (9) Excludes Certain
Shares (See Instructions) . . . . . . . . . . . . . . . . . . . . . . .
- -------------------------------------------------------------------------------
11) Percent of Class Represented by Amount in Row 9 4.9%
------------------------
- -------------------------------------------------------------------------------
12) Type of Reporting Person (See Instructions) CO and IA (Canadian)
----------------------------
- -------------------------------------------------------------------------------
2(5)
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ITEM 1(A)
Name of Issuer: Stewart Information Services Corporation
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ITEM 1(B)
Address of Issuer's Principal Executive Offices: 2200 West Loop South,
Houston, Texas 77027
-------------------------------
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ITEM 2(A)
Names of Persons Filing: V. Prem Watsa, The Sixty Two Investment Company
Limited, 810679 Ontario Ltd., Fairfax Financial Holdings Limited and Hamblin
Watsa Investment Counsel Ltd. (See Note 1 below)
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ITEM 2(B)
Address of Principal Business Office or, if none, Residence:
95 Wellington Street West, Suite 802, Toronto, Ontario, Canada M5J 2N7
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ITEM 2(C)
Citizenship: Canada
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ITEM 2(D)
Title of Class of Securities: Common Shares
--------------------------------------------------
ITEM 2(E)
CUSIP Number: 86037210
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ITEM 3
If this statement is filed pursuant to Rule 13d-1(b) or 13d-2(b), check whether
the person filing is a:
(a) [ ] Broker or Dealer registered under Section 15 of the Act
(b) [ ] Bank as defined in Section 3(a)(6) of the Act
(c) [ ] Insurance Company as defined in Section 3(a)(19) of
the Act
__________________________________
Note 1: Mr. Watsa, The Sixty Two Investment Company
Limited, 810679 Ontario Ltd. and Hamblin
Watsa Investment Counsel Ltd. are filing this
Schedule 13G pursuant to a no-action letter
dated June 8, 1994 from the Commission to
Fairfax Financial Holdings Limited.
3
<PAGE> 8
(d) [ ] Investment Company registered under Section 8 of the
Investment Company Act
(e) [ X ] Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940
(f) [ ] Employee Benefit Plan, Pension Fund which is subject
to the provisions of the Employee Retirement Income
Security Act of 1974 or Endowment Fund; see Section
240.13d-1(b)(1)(ii)(F)
(g) [ X ] Parent Holding Company, in accordance with Section
240.13d-1(b)(ii)(G) (See Note 2 below)
(h) [ ] Group, in accordance with Section 240.13d-
1(b)(1)(ii)(H)
ITEM 4
Ownership.
- ---------
If the percent of the class owned, as of December 31 of the year
covered by the statement, or as of the last day of any month described in Rule
13d-1(b)(2), if applicable, exceeds five percent, provide the following
information as of that date and identify those shares which there is a right to
acquire.
(a) Amount Beneficially Owned:
--------------------------------------------------------------
(b) Percent of Class:
-----------------------
(c) Number of shares as to which such person has:
(i) sole power to vote or to
direct the vote
------------------------------------------
(ii) shared power to vote or
to direct the vote
-----------------------------------------
(iii) sole power to dispose or
to direct the disposition
--------------------------------
(iv) shared power to dispose or to
direct the disposition of
---------------------------------
ITEM 5
Ownership of Five Percent or Less of a Class.
- --------------------------------------------
If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial owner of more
than five percent of the class of securities, check the following [ X ].
__________________________________
Note 2: The filing of this Schedule 13G and the
statements therein shall not be construed as
an admission that Mr. Watsa, The Sixty Two
Investment Company Limited, 810679 Ontario
Ltd. or Fairfax Financial Holdings Limited
are for the purposes of Sections 13(d) or
13(g) of the Securities Exchange Act of 1934
the beneficial owners of the Issuer's Common
Stock or have any pecuniary interest therein.
4
<PAGE> 9
ITEM 6
Ownership of More than Five Percent on Behalf of Another Person.
- ---------------------------------------------------------------
Not applicable.
ITEM 7
Identification Classification of Subsidiary Which Acquired the Security Being
- -----------------------------------------------------------------------------
Reported on By the Parent Holding Company.
- -----------------------------------------
Mr. Watsa, directly, and indirectly through The Sixty Two Investment
Company Limited and 810679 Ontario Ltd., owns the controlling equity voting
interest of Fairfax Financial Holdings Limited ("Fairfax"). Fairfax is filing
this Schedule 13G on behalf of one of Fairfax's subsidiary corporations,
Hamblin Watsa Investment Counsel Ltd., a Canadian investment adviser
("Hamblin"). Hamblin, through its investment advisory agreements with clients
outside the Fairfax group, shares the power to vote, and the power to dispose
of, 292,313 shares of the Issuer's Common Stock. Exhibit A attached hereto
states the identity and Item 3 classification of Hamblin.
ITEM 8
Identification and Classification of Members of the Group.
- ---------------------------------------------------------
Not applicable.
ITEM 9
Notice of Dissolution of Group.
- ------------------------------
Not applicable.
ITEM 10
Certification.
- -------------
By signing below I certify that, to the best and my knowledge and
belief, the securities referred to above were acquired in the ordinary course
of business and were not acquired for the purpose of and do not have the effect
of changing or influencing the control of the issuer of such securities and
were not acquired in connection with or as a participant in any transaction
having such purposes or effect.
5
<PAGE> 10
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: February ________, 1996
-------------------------------------------
Signature
V. Prem Watsa
-------------------------------------------
Name
THE SIXTY TWO INVESTMENT COMPANY
LIMITED
By:
------------------------------------------
Signature
V.Prem Watsa, President
------------------------------------------
Name / Title
810679 ONTARIO LTD.
By
------------------------------------------
Signature
V.Prem Watsa, President
------------------------------------------
Name / Title
FAIRFAX FINANCIAL HOLDINGS LIMITED
By:
------------------------------------------
Signature
Eric P. Salsberg, V.P. Corporate Affairs
------------------------------------------
Name / Title
HAMBLIN WATSA INVESTMENT COUNSEL LTD.
By:
------------------------------------------
Signature
A.F. Hamblin, President
------------------------------------------
Name / Title
6
<PAGE> 11
EXHIBIT A
TO SCHEDULE 13G FILED BY
FAIRFAX FINANCIAL HOLDINGS LIMITED AND OTHERS
Relevant Subsidiary Item 3 Classification
- ------------------- ---------------------
Hamblin Watsa Investment
Counsel Ltd. (e) Investment Advisor
7
