Odyssey 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.