EXHIBIT 5.2

                               [Letterhead of PWC]


The Board of Directors
Fairfax Financial Holdings Limited
95 Wellington Street West
Suite 800
Toronto, Ontario
M5J 2N7


July 25, 2003

Dear Sirs:

I consent to inclusion or incorporation by reference in this Form F-10 of
Fairfax Financial Holdings Limited of my report dated February 10, 2003, on the
policy liabilities as at December 31, 2002 and 2001 and the changes in policy
liabilities reflected in the statement of earnings for each of the years in the
three-year period ended December 31, 2002 and the reference to my name in the
Experts section of the registration statement.

Yours truly,

/s/ Richard Gauthier, FCIA, FCAS
PricewaterhouseCoopers LLP