Odyssey Group
- Headquarters
- Post Office Box 537, Setauket, New York 11733-1344
- Phone
- (631) 751-8400
Odyssey Group Holdings, Inc., collectively with its subsidiaries known as Odyssey Group, is one of the world’s leading providers of reinsurance and specialty insurance. The company operates through three distinct yet complementary platforms: reinsurance (primarily underwritten by Odyssey Reinsurance Company) and specialty insurance (underwritten by Hudson Insurance Company, Hudson Excess Insurance Company, Newline Insurance Company Limited, Newline Syndicate 1218 at Lloyd’s, and Newline Europe Versicherung AG). This structure is supported by six divisions, 37 business units, and a network of more than 30 offices worldwide. Odyssey Group is a wholly owned subsidiary of Fairfax Financial Holdings Limited, a publicly traded holding company with total assets of $108 billion and $31 billion in total equity as of December 31, 2025. The company’s strategy centres on diversification and disciplined underwriting to achieve portfolio stability and profitable growth across global markets. With a strong balance sheet and a long-term focus, Odyssey Group provides secure, high-quality underwriting services to clients and brokers across property, casualty, and specialty lines, and is committed to philanthropic efforts through the Odyssey Group Foundation, which donated $11 million to charities in 2024.
Detailed Review
Odyssey Group operates as an integrated (re)insurance group under the global umbrella of Fairfax Financial Holdings. The group’s reinsurance arm, OdysseyRe, is a major player in treaty and facultative property and casualty reinsurance, with a presence in all major reinsurance markets. The specialty insurance side is managed through the Hudson Insurance Group and the Newline Group, offering tailored insurance solutions in lines including excess and surplus lines, professional liability, environmental liability, healthcare, and international specialty risks via Lloyd’s Syndicate 1218 and European operations.
Platforms and Brands
Odyssey Group’s three primary platforms are OdysseyRe (global property and casualty reinsurance), Hudson Insurance (U.S. specialty insurance including excess and surplus lines, professional liability, environmental, and healthcare), and Newline Group (international specialty insurance covering marine, aviation, property, and liability risks through Lloyd’s Syndicate 1218 and European operations). The company also runs the Odyssey Group Foundation, its corporate philanthropic arm.
Leadership and Financials
The company reported $21.0 billion in total assets and $6.0 billion in shareholders’ equity in its 2023 annual report. In 2025, it achieved net income of $1.1 billion (embedded in Fairfax’s $4.77 billion for fiscal year 2025). Odyssey Group unified its Hudson and Newline brands under a single identity to streamline market presence. Leadership underwent a transition in 2025, with Carl Overy appointed President & CEO on January 1, 2025, succeeding Brian D. Young. Other key executives include Richard Coerver (EVP & CFO), Elizabeth Sander (EVP & Chief Actuary), and Dina Daskalakis (EVP & General Counsel).
Regulatory and Ratings
Odyssey Group is regulated by multiple authorities, including the New York Department of Financial Services and the Lloyd’s market, and is rated A (Excellent) by A.M. Best. The company is not publicly traded; its ultimate parent is Fairfax Financial Holdings Limited (traded on the Toronto Stock Exchange under FFH).
Key Products
OdysseyRe (Odyssey Reinsurance Company)
Property and casualty treaty and facultative reinsurance on a global scale.
Hudson Insurance Company / Hudson Excess Insurance Company
U.S. specialty insurance including excess and surplus lines, professional liability, environmental, and healthcare.
Newline Insurance Company Limited / Newline Syndicate 1218 at Lloyd’s / Newline Europe Versicherung AG
International specialty insurance, marine, aviation, property, and liability risks.
Odyssey Group Foundation
Corporate philanthropic arm providing charitable donations worldwide.
Key Persons
- Carl Overy
President & Chief Executive Officer