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22 February 2023Insurance

Odyssey promotes insiders as CEO takes on duties at parent Fairfax

Fairfax reinsurance unit OdysseyRe named a 20 year insider and the CEO of its London Market division to its newly created role of Global CEO for OdysseyRe as the Odyssey Group plugs leadership gaps as its to-date leader takes on oversight within the  Fairfax ranks.

Carl Overy, CEO of Odyssey’s London Market Division since 2008 the division’s prior chief actuary, takes the newly created post of Global CEO to oversee management of OdysseyRe’s global reinsurance portfolio and underwriting platform operating across North America, Latin America, EMEA, Asia Pacific and London.

The changes follow word that Odyssey Group president and CEO Brian Young will be adding new management oversight role at the parent group Fairfax Financial Holdings to his titles.

Robert Pollock will succeed Overy as CEO of the London Market division, which encompasses both the London branch of Odyssey Reinsurance Company and Newline Group, the international insurance arm of Odyssey Group.

Pollock joined Odyssey Group in 2004 as a casualty treaty underwriter and has risen through the ranks to become head of U.S. financial lines, cyber and workers comp in 2021.

Odyssey Group president and CEO Brian Young said: “It’s a win-win to be able to elevate Carl and Bob, both of whom have devoted their careers to us, into higher leadership positions with greater responsibilities.”

Newly appointed Global CEO of OdysseyRe Carl Overy added, “I am delighted to have the opportunity to lead the global team at OdysseyRe, and the appointment of Bob to lead the London Market Division once again demonstrates our commitment to promote from within. The stability of our management team at every level of the organization is a hallmark of Odyssey that greatly benefits our employees, clients and distribution partners.”

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