Odyssey Re
-
Brit’s combined ratio shed 23.4 points to return to a profitable 94%. -
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.
-
Odyssey also booked an underwriting loss and a combined ratio of 107.8%.
-
Fairfax completed the sale of a $900mn stake in Odyssey Group to CPPIB and Omers earlier this month.
-
The company will use the proceeds to repurchase up to $1bn of subordinated voting shares.
-
The proceeds of the transaction will be used to fund a $1bn share repurchasing programme.
-
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.
-
All employees received a one-off special bonus in June using the company’s unused travel and entertainment budget.
-
Alberto Marcano takes over from Andrew Dickson, who has become head of surety at Hudson.
-
Scor’s John Jenkins and OdysseyRe’s Brian Young both believe “significant” change is needed in the pricing of Japanese business.
-
Fairfax sinks to fourth quarter loss on mark-to-market investment losses.
Most Recent
-
AssuredPartners ‘significantly additive’ to future M&A pipeline
09 December 2024 -
AJG confirms agreement to buy AssuredPartners for $13.45bn
09 December 2024 -
Daily Digest: Top news from 9 December
09 December 2024 -
LMA launches International Bodily Injury Index
09 December 2024