OdysseyRe CEO to lead group from 2025

OdysseyRe CEO to lead group from 2025 | Insurance Business Australia

Insurance News

OdysseyRe CEO to lead group from 2025

Predecessor will serve as president for parent group

Insurance News

By
Kenneth Araullo

Odyssey Group Holdings has announced a leadership transition as part of its ongoing succession planning.

Effective January 1, 2025, Carl Overy (pictured above), the current global CEO of Odyssey Reinsurance Company, will step into the role of CEO of Odyssey Group, succeeding Brian Young.

Overy’s upcoming tenure as CEO marks an advancement within a company at which he has spent over two decades across various capacities. Before his appointment as global CEO of OdysseyRe in 2023, Overy held the position of CEO for Odyssey Group’s London Market division for 15 years, overseeing the London branch of Odyssey Reinsurance Company and Newline Group.

Young will transition to a new position as president of Fairfax Insurance Group, a move aligned with his new responsibilities at the parent company, Fairfax. In that role, he will collaborate closely with Andrew Barnard, who is set to become the chairman of Fairfax Insurance Group. Together, they will oversee the management of Fairfax’s extensive global reinsurance and insurance operations.

“It has been an honor and a privilege to serve as the CEO of Odyssey Group for the past 14 years. I’m excited to take on my new role at Fairfax and very happy to promote Carl,” Young said, expressing confidence in Overy’s capabilities.

“He brings new energy and a fresh perspective to the role, and I have no doubt that the company will continue to thrive under his leadership.”

“I’m very excited to become Odyssey’s third CEO in its 28-year history and build on the incredible momentum that Brian has generated during his tenure,” Overy said. “He has imparted a great deal of wisdom and valued principles that will carry us for many years to come. Please join me in thanking him for his steadfast leadership and wishing him the very best as he embarks on a new journey with our parent company, Fairfax.”

Odyssey Group Holdings its subsidiaries, collectively known as Odyssey Group, underwrites reinsurance primarily through Odyssey Reinsurance Company and provides specialty insurance through entities including Hudson Insurance Company, Hudson Excess Insurance Company, Newline Insurance Company Limited, Newline Syndicate 1218 at Lloyd’s, and Newline Europe Versicherung AG.

With a presence in over 35 offices across 13 countries, Odyssey Group is a key subsidiary of Fairfax Financial Holdings Limited.

What are your thoughts on this story? Please feel free to share your comments below.