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TORONTO, Feb. 21, 2023 (GLOBE NEWSWIRE) — Fairfax Monetary Holdings Restricted (TSX: FFH and FFH.U) is happy to announce that, in reference to latest administration modifications at Odyssey Group, Brian Younger, CEO of Odyssey Group, will start to share oversight tasks with Andy Barnard, President of Fairfax Insurance coverage Group, over all of Fairfax’s insurance coverage and reinsurance operations.
Brian Younger will proceed as CEO of Odyssey Group and, efficient April 1, 2023, Carl Overy, presently CEO of Odyssey’s London Market Division, will develop into CEO of Odyssey’s World Reinsurance Enterprise. Bob Pollock, presently head of Odyssey’s U.S. Monetary Strains, Cyber and Employee’s Compensation enterprise, will develop into CEO of Odyssey’s London Market Division and report back to Carl. Carl will report back to Brian in his persevering with capability as CEO of Odyssey Group.
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Prem Watsa, Chairman and CEO of Fairfax, commented: “Odyssey Group has thrived underneath Brian Younger’s management over the previous 12 years. We’re delighted with these promotions, which attest to the power of expertise at Odyssey Group and can place the corporate to proceed to develop profitability over the long run. Whereas Brian continues as CEO of Odyssey Group, we’re thrilled that he’ll start to work extra intently with Andy Barnard and share oversight tasks over all of our insurance coverage and reinsurance operations. Since Andy first assumed this oversight function in 2011, Fairfax has profitably expanded nearly fivefold. Our continued success will profit from Brian’s experience.”
Fairfax is a holding firm which, by its subsidiaries, is primarily engaged in property and casualty insurance coverage and reinsurance and the related funding administration.
For additional info contact: John Varnell, Vice President, Company Improvement at (416) 367-4941
