OdysseyRe Announces New Office Opening in Brazil

STAMFORD, Conn.--(BUSINESS WIRE)-- Odyssey America Reinsurance Corporation (“Odyssey Re”) is pleased to advise that the Superintendent of Private Insurance in Brazil (SUSEP) has approved OdysseyRe to conduct business as an admitted reinsurer in Brazil. This important development follows the recent appointment of Mauro Caetano, who was hired to establish a Sao Paulo office for OdysseyRe.

Brian Young, Chief Operating Officer, stated, "We are delighted that SUSEP has approved our license upgrade. Our admitted status willenhance our growth prospects and the service we can deliver to our reinsurance clients in this important market.”

Odyssey Re Holdings Corp. is a leading worldwide underwriter of property and casualty treaty and facultative reinsurance, as well as specialty insurance. OdysseyRe operates through its subsidiaries, Odyssey America Reinsurance Corporation, Hudson Insurance Company, Hudson Specialty Insurance Company, Newline Underwriting Management Limited, Newline Asia Services Pte. Ltd. and Newline Insurance Company Limited. The Company underwrites through offices in the United States, London, Paris, Singapore, Toronto, Mexico City and Sao Paulo.

Odyssey Re Holdings Corp.
Brian D. Young, 212-978-2800
Chief Operating Officer

Source: Odyssey Re Holdings Corp.