Reinsurance News


OdysseyRe names Christopher Shafer as Head of North American Cyber Underwriting

25th May 2023

Odyssey Reinsurance Company (OdysseyRe) has announced the appointment of Christopher Shafer as the Vice President and Head of North American Cyber Underwriting. Shafer will be responsible for assisting the company's business partners in effectively addressing cyber risk, both on a facultative and treaty basis. Brian Quinn, OdysseyRe's North American CEO, expressed his ... Read the full article

Odyssey’s Brian Young takes charge of re/insurance at Fairfax

21st February 2023

Fairfax Financial Holdings Limited has announced that, in connection with recent management changes at Odyssey, the CEO of Odyssey Group, Brian Young, will expand his remit to share oversight responsibilities with Andy Barnard, President of Fairfax Insurance Group, over all of Fairfax’s insurance and reinsurance operations. Odyssey has confirmed that Young ... Read the full article

OdysseyRe appoints Humberto Contasta to new role

18th August 2022

OdysseyRe has gained a new vice president of treaty underwriting in Humberto Contasta. The announcement was made on LinkedIn and stated that Contasta would be joining the firm at its Miami office. He comes to OdysseyRe after nearly five years at TRANSRE where he was assistant vice president for property treaty ... Read the full article

OdysseyRe names Michael Finnegan SVP & Head of US General Casualty

4th May 2022

OdysseyRe has announced that Michael Finnegan has re-joined the company as Senior Vice President (SVP) and Head of US General Casualty treaty. The firm has said that Finnegan will succeed Steve Van de Graaf, who is retiring after 27 years of service. Within his new role Finnegan brings more than 30 years ... Read the full article

OdysseyRe names Alejandro Zuñiga as CUO, Agro

28th April 2021

OdysseyRe has appointed Alejandro Zuñiga has been named Chief Underwriting Officer for its Facultative and Agro business in Latin America and the Caribbean. Zuñiga joined OdysseyRe in 2016 as a senior facultative underwriter based in Mexico City, and has written business for OdysseyRe throughout the Latin American region over the past ... Read the full article

OdysseyRe makes leadership changes as Dickson joins Hudson arm

10th March 2020

Odyssey Reinsurance Company (OdysseyRe) has named Alberto Marcano as Senior Vice President (SVP) and Chief Underwriting Officer (CUO) for Treaty in its Latin America unit, as Andrew Dickson transitions to a new role as Head of Surety for Hudson Insurance Group. Marcano brings more than three decades of insurance and reinsurance ... Read the full article

Moody’s upgrades Odyssey Re’s financial strength on positive underwriting

24th July 2019

Financial services ratings agency, Moody's, has upgraded the insurance financial strength rating of Odyssey Reinsurance Company and its subsidiaries to A2 from A3, on the back of strong underwriting results over the past few years. Moody's highlights that despite the impacts of catastrophe losses in both 2017 and 2018, the reinsurer, ... Read the full article

Odyssey’s Newline Brexit unit receives PCA rating from A.M. Best

7th March 2019

Newline Europe Versicherung AG, the European insurance hub that Odyssey Group Holdings plans to establish ahead of Brexit, has received a Preliminary Credit Assessment (PCA) from rating agency A.M. Best. The firm assigned a Financial Strength Assessment of A pca (Excellent) and a Long-Term Issuer Credit Assessment of ‘a+’ pca to ... Read the full article

OdysseyRe’s Newline Group launches Affinity & Special Risks operations

30th June 2017

Specialty insurer Newline Group, which is part of specialty insurer and reinsurer Odyssey Re Holdings Corp. (OdysseyRe), has announced the launch of a new business line dedicated to U.K. and International Affinity & Special Risks solutions. The new business line sees Newline offer Motor-related Warranty, Non-motor Warranty and value-driven add-ons, such as Excess ... Read the full article