What is the relationship between Fairfax Financial and Prem Watsa in the context of the input sentence. Choose an answer from: product/material produced; manufacturer; distributed by; industry; position held; original broadcaster; owned by; founded by; distribution format; headquarters location; stock exchange; currency; parent organization; chief executive officer; director/manager; owner of; operator; member of; employer; chairperson; platform; subsidiary; legal form; publisher; developer; brand; business division; location of formation; creator.

"Given the volatility of the market, combined with the capital-intensive nature of the business, we believe that APR Energy would benefit from a period as a privately held company as it seeks financial stability," Fairfax Financial Chairman and Chief Executive Prem Watsa said in a statement.
owned_by