Odyssey Re News

New AIR Reinsurance Cat Modeling Software Estimates Insurer Loss Potential

Catastrophe risk modeling firm AIR Worldwide announced that it has released Touchstone Re, a new catastrophe modeling software application designed for estimating the loss potential of reinsurance contracts and portfolios, industry loss warranties, and insurance-linked securities. AIR Worldwide said Touchstone …

AIR Releases New Reinsurance Catastrophe Modeling Software, Touchstone Re

Catastrophe risk modeling firm AIR Worldwide announced that it has released Touchstone Re™, a new catastrophe modeling software application designed for estimating the loss potential of reinsurance contracts and portfolios, industry loss warranties, and insurance-linked securities. AIR Worldwide said Touchstone …

Odyssey’s Newline Group Opens Unit in Canada with Focus on SMEs

Newline Group announced the launch of its new service company, Newline Canada Insurance Ltd., based in Toronto. Newline Group is part of the Odyssey Group, a wholly owned subsidiary of Fairfax Financial Holdings. Newline Canada will offer a suite of …

S&P Assigns Odyssey Re Europe with ‘A-‘ Rating, Stable Outlook

S&P Global Ratings has assigned its ‘A-‘ long-term financial strength rating to Odyssey Re Europe S.A. (ORESA), with a stable outlook. The rating on ORESA is based on an explicit guarantee provided by Odyssey Reinsurance Co., which has an ‘A-‘ …

Newline Group Establishes Branch Office (and EU Platform) in Germany

London-based Newline Insurance Co. Ltd., a subsidiary of Odyssey Re Holdings, announced it has received regulatory approval to establish a new branch office in Cologne, Germany. Led by Manuel Wirtz, who was appointed general representative in October, this new office …

Brexit Would Create Extra Burden for Reinsurers, Caution CEOs

While insurers and reinsurers will be able to deal with the aftermath of an exit of the U.K. from the European Union, the time and cost involved are unwelcome intrusions to the business, executives suggested here. Plan B might be …

OdysseyRe’s Newline Group Announces 2 Executive Appointments in Asia

Newline Group, part of Odyssey Re Holdings Corp., announced appointments to its leadership team based in Singapore. Rachel Flynn has been named the principal officer for Newline Asia and Susan Chew has been appointed chief underwriting officer. Flynn joined Newline …

Ratings: Odyssey Re, National Fire, American Safety, N.J. Manufacturers, Blue Whale

A.M. Best Co. has upgraded the issuer credit ratings (ICR) to “a+” from “a” and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) of the Odyssey Reinsurance Group members. Best also affirmed the ICR of “bbb” and the debt …

Best Affirms Odyssey Re and Subs ‘A’ Ratings; Outlook Stable

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Odyssey Reinsurance Group, based in Wilmington, Del., and its members. Best also affirmed the ICR of “bbb” and debt …