BUSINESS INSURANCE DIRECTORY OF WORLDWIDE REINSURERS: O-P
Posted On: Aug. 30, 1998 12:00 AM CSTOdyssey Reinsurance Group
1 Liberty Plaza, New York, N.Y. 10006; 212-978-4700
1997 1996*
Prem. written $383,306,000 NA
Prem. earned $430,958,000 NA
Capital/surplus $945,657,000 NA
Net income $88,491,000 NA
Losses $309,871,000 NA
Loss ratio 71.9% NA
Expenses $152,092,000 NA
Expense ratio 35.3% NA
Combined ratio 107.2% NA
Treaty 80% NA
Facultative 20% NA
Domestic 52% NA
Foreign 48% NA
Life 5% NA
Non-life 95% NA
* Odyssey Reinsurance Group was formed in 1997 by the combination of Odyssey Reinsurance Corp., Compagnie Transcontinentale de Reassurance and Odyssey Re London.
Parent: Fairfax Financial Holdings Ltd.
Subsidiaries: Compagnie Transcontientale de Reassurance, Paris; Odyssey Reinsurance Corp., New York; Odyssey Reinsurance Co. of Canada, Toronto; Odyssey Re Bermuda, Hamilton, Bermuda; Odyssey Re London, London.
Employees: 577.
Locations: Four domestic, six foreign.
Officers: James F. Dowd, chairman-Odyssey Re Group Ltd.; Andrew A. Barnard, president/CEO-Odyssey Re Group Ltd.; Michael C. Watson, executive vp/COO-Odyssey Re Group Ltd.; Jean-Phillipe Casanova, president/COO-Compagnie Transcontinentiale de Reassurance.
P
PXRE Corp.
399 Thornall St., Edison, N.J. 08837; 732-906-8100; fax: 732-906-9283
www.pxre.com
1997 1996
Prem. written $100,055,000 $116,604,000
Prem. earned $91,415,000 $123,042,000
Capital/surplus $451,321,000 $400,133,000
Net income $44,253,000 $49,161,000
Losses $12,491,000 $35,465,000
Loss ratio 13.7% 28.8%
Expenses $19,138,000 $15,194,000
Expense ratio 20.9% 12.3%
Combined ratio 34.6% 41.1%
Treaty 91.8% 92.7%
Facultative 8.2% 7.3%
Domestic 27% 29%
Foreign 73% 71%
Non-life 100% 100%
Founded: 1987.
Subsidiaries: PXRE Reinsurance Co.
Employees: 60.
Locations: Two domestic, two foreign.
Specialties: Catastrophe, marine and aviation, crop, credit/political risk.
Officers: Gerald L. Radke, chairman/president/CEO; Michael J. Bleisnick, executive vp-domestic operations; Gordon Forsyth III, executive vp-international operations; Sanford M. Kimmel, senior vp/treasurer/CFO; Eugene J. Sverchek, senior vp-domestic treaty.
Contact: Michael J. Toman, executive vp-domestic treaty, 203-846-4432.
PartnerRe Ltd.
PartnerRe Building, 106 Pitts Bay Road, Pembroke HM 08, Bermuda; 441-292-0888; fax: 441-292-7010
www.partnerre.com
1997* 1996
Prem. written $427,800,000 $206,000,000
Prem. earned $476,200,000 $210,500,000
Capital/surplus $1,978,300,000 $1,400,900,000
Net income $271,100,000 $249,700,000
Losses $207,300,000 $22,900,000
Loss ratio 43.5% 10.9%
Expenses $115,100,000 $31,000,000
Expense ratio 24.2% 14.7%
Combined ratio 67.7% 25.6%
Treaty 99% 98%
Facultative 1% 2%
Foreign 100% 100%
Life 7% NA
Non-life 93% 100%
* Includes 6 months of results for SAFR, which was acquired in July 1997.
Founded: 1993.
Subsidiaries: PartnerRe US, New York; Partner Reinsurance Co. Ltd.; SAFR, Paris.
Employees: 302.
Locations: One domestic, eight foreign.
Specialties: Catastrophe; property and construction; auto; marine, space and aviation; credit and surety; casualty; life and health.
Officers: Herbert Haag, president/CEO; Herve Cachin, chairman-SAFR; Graham Dimmock, executive vp; Scott Moore, president/CEO-PartnerRe US; Karen O'Connor Rubsam, senior vp/CFO.
Contact: Jean-Pierre Fillebeen.