Latest Odyssey Re Headlines
All the headlines from our Odyssey Re Topic Page, ordered by recency.
Odyssey Re Forms U.K. Company
Jun 20 2006 // Odyssey Re Holdings Corp. has formed Newline Insurance Company Limited (NICL), described as “a casualty-focused insurance company based in London, England.” Odyssey Re said it had received “all necessary...
Odyssey Re Q1 Net $149.7 Million
May 1 2006 // Connecticut-based Odyssey Re Holdings Corp. (in which Canada’s Fairfax Financial has an 80 percent stake) reported net income available to common shareholders of $149.7 million, or $2.07 per diluted share, for the...
S&P Affirms Odyssey Re and Subs ‘A-‘ FSR Ratings; Off CreditWatch
Apr 5 2006 // Standard & Poor’s Ratings Services announced that it has affirmed its “A-” counterparty credit and financial strength ratings on Odyssey America Reinsurance Corp., Clearwater Insurance Co., and...
Rating Agencies React to Fairfax 10-K Filing; Part 2 – Fitch Maintains Credit Watch on Group
Apr 4 2006 // The rating agencies have taken different actions on Fairfax Financial Holdings and its subsidiaries, including Odyssey Re Holdings in which Fairfax has an 80 percent stake, following the Group’s filing of its Form...
Fitch Places Fairfax, Odyssey Re some Subs on Rating Watch Negative
Mar 24 2006 // Fitch Ratings announced that it has placed Fairfax Financial Holdings Limited, Odyssey Re Holdings Corp. and its insurance subsidiaries, and TIG Holdings Inc. on Rating Watch Negative. “The rating action on TIG...
OdysseyRe Delays Filing of 2005 10-K
Mar 17 2006 // Odyssey Re Holdings Corp. intends to file a notice with the Securities and Exchange Commission that it will delay the filing of its 2005 Annual Report on Form 10-K. In connection with its previously announced restatement...
OdysseyRe Posts $96.9 Million Q3 Loss
Oct 28 2005 // Odyssey Re Holdings Corp. joined the Q3 loss parade with a reported net loss of $96.9 million, or $1.51 per diluted share, for the quarter ended September 30, 2005. The figure includes previously announced catastrophe...
OdysseyRe Completes Sale of Preferred Shares
Oct 24 2005 // OdysseyRe Holdings Corp. announced that it has completed the previously announced sale of $100 million of its preferred shares (See IJ Website Oct. 18). OdysseyRe said it “has sold 2,000,000 8.125 percent series A...
S&P Rating Action on Odyssey Re
Oct 18 2005 // Standard & Poor’s Ratings Services announced that it has assigned its “BB” preferred stock rating to Odyssey Re Holding Corp.’s $50 million Series A and $50 million Series B perpetual preferred...
OdysseyRe Completes Stock Sale
Oct 13 2005 // OdysseyRe Holdings Corp. announced that it has completed the previously announced sale of 4,100,000 shares of its common stock, at a price of $24.96 per share (See IJ Web site Oct. 7). Net proceeds to OdysseyRe were...
OdysseyRe Updates Katrina Losses to $225 Million; Rita Loss $50 Million; Announces $102 Million Share Sale
Oct 7 2005 // Odyssey Re Holdings Corp., which is 80 percent owned by Canada’s Fairfax Financial Holdings Limited, announced from its Stamford Conn. headquarters that it has updated its estimate of losses from Hurricane...
Fitch Takes Fairfax Off Credit Watch; Affirms Ratings
Sep 26 2005 // Fitch Ratings announced that it has affirmed the ratings of Canada’s Fairfax Financial Holdings, Ltd. with a stable out look, and has removed the ratings from its negative credit watch. “The rating action...
OdysseyRe Updates Katrina Estimates, Other Q3 Events
Sep 9 2005 // Odyssey Re Holdings Corp., the reinsurance arm of Canada’s Fairfax, has issued a bulletin from its Stamford, Conn. headquarters indicating that its net pre-tax losses from Hurricane Katrina are expected to be $80 to...
Fairfax, Odyssey Re Receive SEC Subpoenas in “Non-Traditional Insurance” Probe
Sep 8 2005 // Toronto-based Fairfax Financial Holdings Limited announced that the Fairfax group, including its reinsurance subsidiary Odyssey Re, have received a subpoena from the Securities and Exchange Commission requesting documents...
Odyssey Re Increase Storm Loss Estimates
Apr 4 2005 // Odyssey Re Holdings Corp. announced that it expects after-tax net losses in the range of $26 million to $29 million during the first quarter of 2005. The increase is attributable to losses from Windstorm Erwin and an...
Odyssey Re Holdings Corp. Names New CFO
Mar 10 2005 // Odyssey Re Holdings Corp. reported that Robert Giammarco has been appointed executive vice president and chief financial officer of the company, effective March 31, 2005. Giammarco joins the company from Banc of America...
Odyssey Re Holdings Corp. Unveils Q4 Report
Feb 11 2005 // Odyssey Re Holdings Corp. this week reported its fourth quarter and full year 2004 results. Net income amounted to $50.9 million, or $0.74 per common share for the quarter ended Dec. 31, 2004, compared to $47.6 million or...
Fairfax, OdysseyRe Estimate Hurricane Losses
Sep 30 2004 // Toronto-based Fairfax Financial Holdings Limited announced that its initial estimate of aggregate potential net losses relating to Hurricanes Frances, Ivan and Jeanne is in the range of US$85 million to US$95 million after...
S&P Affirms Odyssey Re’s Operating Subs ‘A-‘ Ratings, Stable Outlook
Sep 28 2004 // Standard & Poor’s Ratings Services announced that it has affirmed its “A-” counterparty credit and financial strength ratings on Odyssey Re Holdings Corp.’s (ORH) operating subsidiaries:...
S&P Sees No Change in Odyssey Re Ratings
Jul 8 2004 // Standard & Poor’s Ratings Services announced that its ratings on Odyssey Re Holdings Corp. (ORH) and related subsidiaries, will not be affected by the recent announcement of ORH’s proposed acquisition of...
