- Published: May 2012
- Region: United States
Summary: Odyssey Re Group Dec 11
- Published: December 2011
- Standard & Poors
The insurer financial strength ratings on Odyssey Re Holdings Corp.'s (ORH) operating reinsurance and insurance subsidiaries--Odyssey Reinsurance Co. (ORC) and Hudson Specialty Insurance Co. (collectively referred to as Odyssey Re Group)--are based on their core position as wholly owned subsidiaries of Fairfax Financial Holdings Ltd. (FFH). The ratings are also based on the company's enhanced and well-diversified global footprint in reinsurance and specialty insurance and strong operating performance supported by disciplined underwriting and successful value investing. Offsetting these positive factors are catastrophe exposure that can lead to earnings and capital volatility, high allocation to common stocks, and reserving risk due to long-tail casualty writings. However, these weaknesses are somewhat offset by the insurer's strong capitalization. Odyssey Re Group's competitive position...
Companies mentioned in this report are: Hudson Specialty Insurance Co.,Odyssey Reinsurance Co.,Odyssey Re Holdings Corp.,Fairfax Financial Holdings Ltd.
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This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
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Hudson Specialty Insurance Co.,Odyssey Reinsurance Co.,Odyssey Re Holdings Corp.,Fairfax Financial Holdings Ltd.