Odyssey Re
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The CEO of Advent Underwriting will move to the sister Fairfax company in the New Year.
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Root plans to use the additional capital to bring its smartphone-based cover to more US states.
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Odyssey Re CEO Brian Young says the segment “is not priced to perform”.
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The Odyssey unit’s grade stems from the group’s balance sheet and operating results.
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Property cat remains profitable but no longer can subsidise other lines.
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Bizet will help JLT Re’s drive to expand in the Caribbean and Latin American markets.
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