Odyssey Re
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Earlier this week, this publication revealed that the firm parted ways with treaty VP and former TransRe executive Humberto Contasta. -
The executive joined the reinsurer a year ago after over 14 years at TransRe, where he held various property treaty positions.
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Odyssey also booked an underwriting loss and a combined ratio of 107.8%.
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Fairfax completed the sale of a $900mn stake in Odyssey Group to CPPIB and Omers earlier this month.
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The company will use the proceeds to repurchase up to $1bn of subordinated voting shares.
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The proceeds of the transaction will be used to fund a $1bn share repurchasing programme.
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From ESG to social inflation, systemic risk to cat risk, we highlight some of the top discussions from this year’s four-day virtual conference.
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All employees received a one-off special bonus in June using the company’s unused travel and entertainment budget.
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Alberto Marcano takes over from Andrew Dickson, who has become head of surety at Hudson.
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Scor’s John Jenkins and OdysseyRe’s Brian Young both believe “significant” change is needed in the pricing of Japanese business.
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Fairfax sinks to fourth quarter loss on mark-to-market investment losses.
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The CEO of Advent Underwriting will move to the sister Fairfax company in the New Year.
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