Odyssey Re
-
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.
-
The CEO of Advent Underwriting will move to the sister Fairfax company in the New Year.
Most Recent
-
Former PartnerRe CEO Clarke becomes BMS chair as Eurazeo deal completes
28 September 2023 -
Ex-AFL owners face asset freeze, spending limits after fraud case
28 September 2023 -
AI could hinder D&I by amplifying existing biases: Dive In panel
28 September 2023 -
IFRS 17 to cost insurance industry $21bn-$27bn: WTW
28 September 2023 -
Porch Group invests $57mn in HOA as Vesttoo fallout continues
28 September 2023 -
Tower renews reinsurance with only ‘moderate’ increases
28 September 2023