Odyssey Re
Encyclopedia
Odyssey Re Holdings Corp. headquartered in Stamford, Connecticut
Stamford, Connecticut
Stamford is a city in Fairfield County, Connecticut, United States. According to the 2010 census, the population of the city is 122,643, making it the fourth largest city in the state and the eighth largest city in New England...

, is an underwriter of property and casualty treaty and facultative reinsurance, as well as specialty insurance. It is a wholly owned subsidiary of Fairfax Financial Holdings Limited, a financial services holding company. OdysseyRe operates through four divisions: Americas, EuroAsia, London Market and US Insurance. OdysseyRe offers a broad range of property, casualty, surety and credit, marine and energy, aviation and space reinsurance products from offices strategically located around the world.

OdysseyRe's insurance business operates through its subsidiaries Hudson Insurance Company, Hudson Specialty Insurance Company, Newline Syndicate 1218 and Newline Insurance Company Limited, offering healthcare, professional liability and environmental, management liability, crop, specialty property, specialty commercial auto, general liability/package, personal umbrella and surety products.

For the year ended December 31, 2010, reinsurance
Reinsurance
Reinsurance is insurance that is purchased by an insurance company from another insurance company as a means of risk management...

 represented 65.0% of gross premiums written, and primary insurance
Insurance
In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the...

 represented the remaining 35.0%.

Odyssey Re has over 700 employees in 21 offices worldwide, with major underwriting centers in the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...

, London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...

, Paris
Paris
Paris is the capital and largest city in France, situated on the river Seine, in northern France, at the heart of the Île-de-France region...

, Singapore
Singapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...

, Toronto
Toronto
Toronto is the provincial capital of Ontario and the largest city in Canada. It is located in Southern Ontario on the northwestern shore of Lake Ontario. A relatively modern city, Toronto's history dates back to the late-18th century, when its land was first purchased by the British monarchy from...

 and Mexico City
Mexico City
Mexico City is the Federal District , capital of Mexico and seat of the federal powers of the Mexican Union. It is a federal entity within Mexico which is not part of any one of the 31 Mexican states but belongs to the federation as a whole...

.

Odyssey Re was listed as one of America's 400 Best Big Companies by Forbes
Forbes
Forbes is an American publishing and media company. Its flagship publication, the Forbes magazine, is published biweekly. Its primary competitors in the national business magazine category are Fortune, which is also published biweekly, and Business Week...

in 2008 for the fourth time.
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