Falcon Insurance Company (Hong Kong) is a wholly-owned subsidiary of Fairfax. Based in Hong Kong, it writes property and casualty insurance to niche markets in Hong Kong. In 2010, Falcon's net premiums written were HK$379.1million (approximately HK$7.8 = US$1).  At year-end, the company had shareholders’ equity of HK$458.1 million and there were approximately 80 employees.

Through acquisitions and organic growth, Falcon now ranks amongst the territory's major general insurance companies, numbering amongst its client base many of Hong Kong's leading corporations.

Falcon is led by the Chief Executive Officer, Mr. Gobinath Athappan. Gobinath has been with Fairfax since 2001.