Member of the Order of Canada
- Awarded on: May 7, 2015
- Invested on: November 18, 2015
For his achievements as a business leader, and for his work as a volunteer and philanthropist.
Prem Watsa is a business leader who has leveraged his financial acumen to enhance his community. He founded Fairfax, an insurance and investment company, and made it one of the largest in Canada. He has likewise made the company a leader in corporate social responsibility, giving a percentage of its profits to charities. He is also well known for his personal philanthropy, not only in terms of financial support, but also in lending his time and expertise. In this way, he has supported a long list of organizations, including the Hospital for Sick Children, the University of Waterloo, World Vision, the United Way and St. Paul’s Anglican Church.