Fairfax Financial Holdings Limited: Personnel Announcements
03 January 2025 - 11:35PM
Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U)
is pleased to announce that, effective January 1, 2025, Brian Young
has become the President of Fairfax Insurance Group and Andrew
Barnard, who has held this position since 2011, has moved to the
role of Chairman of Fairfax Insurance Group.
Brian joined Odyssey Group in 1996 and has
served as its Chief Executive Officer since 2011. Odyssey has
thrived under Brian’s leadership, generating an underwriting profit
for 13 consecutive years and nearly tripling in size during his
tenure.
Effective January 1, 2025, Carl Overy has become
the Chief Executive Officer of Odyssey, leading its three operating
platforms: OdysseyRe, Hudson, and Newline. Carl has served as the
Chief Executive Officer of OdysseyRe since April 2023 and
previously served as the Chief Executive Officer of Newline and the
London branch of OdysseyRe for 15 years.
Prem Watsa, Chairman and Chief Executive Officer
of Fairfax, commented: “Brian and Andy have worked together for
nearly 35 years, the last 28 at Fairfax. Our expansive global
(re)insurance operations will benefit greatly from their collective
oversight. Carl is a proven leader who has devoted more than two
decades of his life to Odyssey. We have no doubt that Odyssey will
scale new heights under his leadership in the years to come.”
Fairfax is a holding company which, through its
subsidiaries, is primarily engaged in property and casualty
insurance and reinsurance and the associated investment
management.
For further
information contact: |
John Varnell,
Vice President, Corporate Development at (416) 367-4941 |
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