Latest Odyssey Re Headlines
All the headlines from our Odyssey Re Topic Page, ordered by recency.
Odyssey Re to Buy OPL’s Opus Re
Jul 6 2004 // Odyssey Re Holdings Corp. announced that it has entered into a stock purchase agreement with Overseas Partners Ltd. to acquire all of the capital stock of Overseas Partners US Reinsurance Company (Opus Re), a Delaware...
Best Affirms Ratings for Odyssey Re Holdings Corp.
Jul 6 2004 // A.M. Best Co. has affirmed the financial strength ratings of A (Excellent) of Odyssey Re Holdings Corp.’s (Odyssey Re) (New York, N.Y.) reinsurance and insurance subsidiaries, which comprise the Odyssey Reinsurance...
Odyssey Re Holdings Increases Reinsurance Unit’s Capital by $165 Million
Dec 5 2003 // Odyssey Re Holdings Corp announced that it has completed its previously announced capital contribution of $165 million to its main underwriting subsidiary, Odyssey America Reinsurance Corporation (OARC). “The...
Odyssey Re Affirmed
Dec 1 2003 // A.M. Best Co. affirmed the financial strength ratings of Odyssey Reinsurance Group based in Wilmington, Del., of an “A” (excellent). In addition, the financial strength rating of “A” (excellent) was...
Odyssey Re Affirmed
Dec 1 2003 // A.M. Best Co. has affirmed the financial strength ratings of Odyssey Reinsurance Group based in Wilmington, Del., of an “A” (excellent). In addition, Best has assigned the financial strength rating of...
A.M. Best Affirms Financial Strength and Debt Ratings of Odyssey Re
Nov 10 2003 // A.M. Best Co. has affirmed the financial strength ratings of A (Excellent) of Odyssey Reinsurance Group (Wilmington, Del.). In addition, A.M. Best has assigned the financial strength rating of A (Excellent) to Hudson...
Odyssey Re Holdings Corp. Notes Acquisition of Surplus Lines Shell
Oct 29 2003 // Odyssey Re Holdings Corp. announced that its subsidiary, Odyssey America Reinsurance Corporation, had closed on its purchase of the shell company, General Security Indemnity Company, from SCOR Reinsurance Company. The...
Fairfax Wins U.K. Court Decision in Odyssey Re Case
Jul 9 2003 // Toronto’s Fairfax Financial Holdings announced that a London court has ruled in its favor in a case brought by a subsidiary, Sphere Drake Insurance, against underwriting agents who, it alleged, fraudulently obtained...
Odyssey Re Announces Board Changes
Sep 5 2002 // Odyssey Re Holdings Corp. of New York announced changes to its board of directors. Namely, Brandon Sweitzer has been appointed to the board, replacing Paul Ingrey. Sweitzer will also be a member of OdysseyRe’s Audit...
S&P’s assigns Odyssey Re Holdings BBB-minus rtg
Aug 16 2002 // Standard & Poor’s has assigned its triple-‘B’-minus counterparty credit rating to Canadian-based Odyssey Re Holdings Corp. The outlook is stable. Standard & Poor’s also said that it...
Stephen Van de Graaf Joins Odyssey Re as Sr. VP Finite Reinsurance
Nov 30 2001 // Odyssey Re American Reinsurance Corp. of Stamford Connecticut announced that Stephen Van de Graaf has joined the company as Sr. VP in its Non-Traditional unit to lead its Finite Reinsurance underwriting initiatives. Van de...
Odyssey Re Reports Preliminary Estimate of Exposure From Terrorist Attacks
Sep 17 2001 // Based on information received to date, Odyssey Re Holdings Corp. expects pre-tax net losses will be in the range of $80 million; after tax losses will be in the range of $55 million. Considerable time will be required...
Odyssey Re Holding Corp. Upgraded
Sep 17 2001 // Odyssey Re Holdings Corp. reported that S&P has upgraded the rating of Odyssey America Reinsurance Corporation and its subsidiaries, Odyssey Reinsurance Corporation and Hudson Insurance Co. to “A-.” In...
Odyssey Re Holdings Corp. Announces 2Q Results
Aug 10 2001 // Odyssey Re Holdings Corp. reported its second quarter 2001 net income of $21.9 million, an increase of 110.6 percent compared to $10.4 million in the same quarter of the prior year. Catastrophe losses included in the...
Odyssey Re IPO Raises $308 Million
Jun 14 2001 // Most of the funds, around $255 million, will be remitted to Fairfax, which retains 73.7 percent of ORH’s shares. Underwriters have a 30-day option to purchase an additional 2,571,429 shares. Trading in the shares...
