NU Online News Service, March 4, 12:37 p.m. EST

Odyssey Re Holdings Corp. said it has named Brian D. Young as its new president and chief executive officer effective April 1.

He replaces Andrew A. Barnard, who will assume a senior leadership role at parent company Fairfax Financial Holdings Ltd. based in Toronto.

Mr. Young has been with the company for 15 years, serving in a number of underwriting and management positions. For the past two years, Mr. Young has been chief operating officer overseeing Odyssey Re's four main operating divisions.

Mr. Barnard said Mr. Young represents the next generation of leadership for the company and he expects the company to “thrive under his stewardship.”

Odyssey Re, a wholly-owned subsidiary of Fairfax Financial, is a worldwide underwriter of property and casualty treaty and facultative reinsurance as well as specialty insurance.

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