Odyssey Re (NYSE:ORH) is an underwriter of reinsurance, providing a full range of property and casualty products on a worldwide basis. Odyssey offers both treaty and facultative reinsurance to property and casualty insurers and reinsurers and also writes insurance business. In 2008, Odyssey had gross premiums written of $2.3 billion and its shareholders’ equity as of 31 December 2008 was $2.8 billion. Reinsurance represented 65.5% their gross premiums written, and primary insurance represented the remainder, or 34.5%.
Odyssey was incorporated on 21 March 2001 in the state of Delaware and completed their initial public offering in June 2001. Prior to the initial public offering, Odyssey was wholly owned by Fairfax Financial Holdings (FFH). As of 31 December 2008, Fairfax owned 70.4% of Odyssey's shares.