Click on points on the map for company specific information.
Pacific Insurance became a subsidiary of Fairfax on March 24, 2011. Based in Kuala Lumpur, the company offers all classes of general insurance in Malaysia including fire, motor and personal accident and is known for being a leading and a quality provider of medical insurance. In 2014, Pacific Insurance’s net premiums written were RM153.5 million (approximately RM 3.3 = US$1). At year-end, the company had shareholders’ equity of RM186.2 million and there were approximately 206 employees.
Pacific Insurance is led by the Chief Executive Officer, Mr. Sonny Tan Siew Hock.
The Pacific Insurance Berhad,
40-01, Q Sentral,
2A Jalan Stesen Sentral 2,
Kuala Lumpur Sentral, 50470 Kuala Lumpur.
50780 Kuala Lumpur.
See www.pacificinsurance.com.my for more information about Pacific Insurance.
BIDV Insurance Joint Stock Corporation (“BIC”) is 35% owned by Fairfax. BIC was acquired on September 18, 2015. Based in Hanoi, Vietnam, the company is a leading non-life insurer in Vietnam and is primarily engaged in writing fire, engineering and motor business. In 2015, BIC’s net written premiums were VND 1,044.1 billion. At year-end, the company had shareholders’ equity of VND 1,976.6 billion (approximately VND 22,540 = US$1) and there were approximately 830 employees.
BIC is led by Chief Executive Officer, Mr. Tran Hoai An.
BIC has a financial strength rating of "B+" (Stable) by AM Best.
191 Ba Trieu,
Tel: (+84-04) 2200282
Fax: (+84-04) 2200281
PT Fairfax Insurance Indonesia (formerly PT Batavia Mitratama Insurance) became a subsidiary of Fairfax on May 21, 2014. Based in Jakarta, Indonesia, the company is a general insurance company, specializing in property insurance. In 2015, Fairfax Indonesia’s net written premiums were USD 4,682,936. At year-end, the company had shareholders’ equity of USD 20,806,593 and there were approximately 135 employees.
Fairfax Indonesia is led by Chief Executive Officer, Mr. Arun Nanwani.
AXA Tower Kuningan City
41st Floor, No. 1,6 &7
Jin. Prof. Dr. Satrio Kav. 18
Jakarta Selatan 12940
Tel: (+62 21) 50300255
Fax: (+62 21) 50300233
See www.fairfax-insurance.com for more information about Fairfax Indonesia.
Union Assurance General Limited became a subsidiary of Fairfax on January 1, 2015. Based in Colombo, Sri Lanka, the company is a private provider of general insurance solutions. In 2015, Union Assurance General’s net written premiums were LKR 4.6 billion. At year-end, the company had shareholders’ equity of LKR 3.3 billion (approximately LKR 143.5 = US$1) and there were approximately 748 employees.
Union Assurance General is led by Chief Executive Officer, Mr. Sanjeev Jha.
Union Assurance Centre
20, St. Michael's Road
Tel: 011 2428000
Fax: 011 2343065
See www.uageneral.com/en/ for more information about Assurance General.
Advent is a wholly-owned subsidiary of Fairfax. Based in the U.K., Advent is a specialty insurance and reinsurance business. In 2014, Advent's net premiums written were US$153.6 million. At year-end, the company had shareholders' equity of US$151.7 million and there were approximately 100 employees.
Advent offers insurance and reinsurance solutions through Advent Syndicate 780 at Lloyd's.
Advent is led by the Chief Executive Officer, Nigel Fitzgerald.
"ADVENT - Achieving Excellence Together"
2 Minster Court
See www.adventgroup.co.uk for more information about Advent.
Advent Syndicate 780 operates within the Lloyd’s market which has ratings of “A” (Excellent) from A.M. Best and “A+” (Strong) from S&P.
Thai Reinsurance Public Company Limited is 29.99% owned by Fairfax. Based in Bangkok, Thailand, it is a reinsurer providing reinsurance coverage for property, casualty, engineering, marine, and life customers. Thai Re also offers risk management consulting, technical assistance, marketing support, education and information services. In 2014, Thai Re’s net premiums written were THB 6,068.9 million (THB 32.964 = US$1). At year-end, the company had shareholders’ equity of approximately THB 3,053.6 million and there were over 110 employees.
Thai Re is led by Chief Executive Officer Mr. Surachai Sirivallop, who has been managing the company for over 24 years.
48/23-24 Soi Rajchadapisek 20
Samsennok, Huaykwang Bangkok 10310
See www.thaire.co.th for more information about Thai Re.
Alltrust Insurance Company of China is owned 14.95% by Fairfax. Alltrust provides a full spectrum of primary insurance products and services in China, including property insurance, liability insurance, surety bonds, short-term health insurance, accident insurance, motor insurance and reinsurance.
Alltrust is headquartered in Shanghai and was established in September 2004 by a group of large Chinese power conglomerates and industrial investment groups, including five of China’s largest power groups that generate over 45% of the country’s power supply.
Alltrust has been profitable since its inception and has over RMB 3 billion in capital. The company has a national network across China with 33 provincial branches and more than 200 sub-branches and over 5,000 employees. As of 2014, Alltrust’s annual gross written premium was in excess of RMB 5.8 billion.
Alltrust is led by the Chairman, Mr. Ren Zhoncheng and President, Mr. Danny Fung.
Huaneng Union Tower, 2/F
No. 958 Lujiazui Circle Road
ZIP Code: 200120
See www.alltrust.com.cn for more information about Alltrust.
Brit is controlled by Fairfax and is a market-leading global specialty insurer and reinsurer, focused on underwriting complex risks.
We have a major presence in Lloyd’s of London, the world’s specialist insurance market provider, and a significant US and international reach. We underwrite a broad class of commercial specialty insurance with a strong focus on property, casualty and energy business. Our capabilities are underpinned by our strong financials.
In 2014 Brit’s gross written premiums were £1,302.1m and we employed 520 employees.
Brit is led by its Chief Executive Officer, Mark Cloutier who has been with Brit since 2011.
Our business is underwritten exclusively through our Lloyd’s Syndicate 2987 and benefits from Lloyd's ratings of A (Excellent) from A.M. Best, AA- (Very Strong) from Fitch and A+ (Strong) from Standard & Poor’s.
The Leadenhall Building
122 Leadenhall Street
Tel: +44 (0)20 7984 8500
Crum & Forster Holdings Corp. (C&F) is a wholly-owned subsidiary of Fairfax. Based in Morristown, New Jersey, C&F, through its insurance companies, writes commercial property and casualty insurance in the United States, offering a broad range of coverages, including specialty, standard and excess and surplus lines. Products and services are offered through five operating brands (indicated below). In 2014, C&F's net premiums written were US$1,346.3 million. At year-end, the companies had statutory surplus of US$1,231.4 million and there were over 1,800 employees.
The C&F group of insurance companies include United States Fire Insurance Company, The North River Insurance Company, Crum and Forster Insurance Company, Crum & Forster Indemnity Company, Crum & Forster Specialty Insurance Company, Seneca Insurance Company, Inc., Seneca Specialty Insurance Company, First Mercury Insurance Company and American Underwriters Insurance Company. The group also includes an insurance producer, CoverX Corporation, a pet insurance agency, Fairmont Specialty Insurance Agency, and a full service national program administrator, The Redwoods Group, Inc.
C&F is led by Chairman and Chief Executive Officer, Mr. Marc Adee. Marc has been with Fairfax since 2000.
PO Box 1973
305 Madison Avenue
Morristown, NJ 07962
See www.cfins.com for more information about C&F and its subsidiaries.
The insurance operating subsidiaries of C&F have a financial strength rating of “A” (Excellent) by A.M. Best, and a financial strength rating of “A-” (Strong) by S&P.
Falcon Insurance Company (Hong Kong) Limited is a wholly-owned subsidiary of Fairfax. Based in Hong Kong, it writes property and casualty insurance to niche markets in Hong Kong. In 2014, Falcon's net premiums written were HK$532.3 million (approximately HK$7.8 = US$1). At year-end, the company had shareholders’ equity of HK$509.7 million and there were approximately 66 employees.
Through acquisitions and organic growth, Falcon now ranks amongst the territory's major general insurance companies, numbering amongst its client base many of Hong Kong's leading corporations.
Falcon is led by Mr. Cody Hui, General Manager. Cody has been with Falcon since early 2015.
3/F Cityplaza Four,
12 Taikoo Wan Road
Taikoo Shing, Hong Kong
See www.falconinsurance.com.hk for more information about Falcon.
Falcon has a financial strength rating of “A-” (Stable) by S&P.
Falcon Insurance Public Company Limited (Thailand) operates as a joint venture with The Navakij Insurance Public Company Limited. Falcon Thailand offers a variety of general insurance products including property, motor, personal accident, engineering, marine and miscellaneous. In 2014, Falcon Thailand’s net premiums written were approximately THB652.6 million (THB 32.5=US$1). At year-end, the company had shareholders’ equity of approximately THB500.7 million.
Falcon Thailand is led by the Chief Executive Officer, Mrs. Sopa Kanjanarintr, who has been with Falcon Thailand since the founding of the company.
33/4 Building A, The 9th Towers, 24th-25th Flo., Rama 9 Rd., Huay Khwang, Bangkok 10310
See www.falconinsurance.co.th for more information about Falcon Thailand.
Fairfax Brasil Seguros Corporativos S.A. was established as a wholly-owned subsidiary of Fairfax in 2009. Based in São Paulo, Fairfax Brasil commenced writing commercial property and casualty insurance in Brazil in March, 2010. Fairfax Brasil operates in all lines of commercial business, with a primary focus on property, energy, casualty, surety, marine, financial lines, special risks, hull and aviation. At year-end, the company had shareholders' equity of US$43.0 million and had approximately 65 employees.
Fairfax Brasil is led by the Chief Executive Officer, Mr. Bruno Camargo.
Bruno has been with Fairfax Brasil since inception.
Alameda Santos, 1940 4º andar
Cerqueira César - São Paulo
SP - Brasil
See www.fairfax.com.br for more information about Fairfax Brazil.
First Capital is owned 98% by Fairfax. Based in Singapore, it writes property and casualty insurance primarily to Singapore markets. In 2014, First Capital's net premiums written were SGD206.4 million (approximately SGD1.33 = US$1). At year-end, the company had shareholders' equity of SGD501.4 million and there were 134 employees.
First Capital is engaged in writing both personal and commercial lines of non-life insurance business across various classes such as Fire, Engineering, Marine Cargo, Marine Hull, Bond, Professional Indemnity, Motor, Public Liability, Workers’ Compensation, Personal Accident and other Miscellaneous Accident insurance business. First Capital is a leading underwriter of Marine Hull insurance in the region and this class of business forms a significant segment of the Company’s well balanced overall business portfolio.
First Capital is led by the Chief Executive Officer, Mr. Ramaswamy Athappan. Mr. Athappan has been with Fairfax since 2006.
6, Raffles Quay, #21-00
See www.first-insurance.com.sg for more information about First Capital.
First Capital has a financial strength rating of “A” (Excellent) by A.M. Best.
Group Re is primarily comprised of CRC Reinsurance and Wentworth Insurance, both wholly-owned subsidiaries of Fairfax. Based in Barbados, these companies underwrite treaty and facultative reinsurance on a global basis. In 2014, Group Re’s net premiums written were US$163.4 million. At year-end, the Group Re companies had combined shareholders’ equity of US$540.1 million.
#12 Pine Commercial Centre
The Pine, St. Michael
Barbados, WI BB11103
Wentworth has a financial strength rating of “A-” (Excellent) by A.M. Best.
Gulf Insurance Group is 41% owned by Fairfax and operates as a joint venture with Gulf Insurance’s largest shareholder, Kuwait Projects Company (Holdings) or KIPCO. Gulf Insurance was established in 1962 and is currently the largest insurance company in Kuwait in terms of written and retained premiums. Gulf Insurance covers a variety of risks related to Motor; Marine and Aviation; Property and Casualty; Life and Health insurance. In 2014, Gulf Insurance’s gross premiums written were 173.6 million KWD and net premiums written 90.9 million KWD (approximately KWD 0.283 = US$1). At year-end, the company had shareholders’ equity of 101.9 million KWD and there were approximately 1,300 employees.
Its subsidiaries include Arab Misr Insurance Group, Egypt; Arab Orient Insurance Company, Jordan; Bahrain Kuwait Insurance Company, Bahrain; Egyptian Life Takaful Insurance Company, Egypt; Fajr Al-Gulf Insurance & Reinsurance Company, Lebanon; Gulf Insurance & Reinsurance Company, Kuwait; Dar al Salam Insurance Company, Iraq; GlobeMed Kuwait, Kuwait and its affiliates include: Buruj Cooperative Insurance Company, Saudi Arabia; Alliance Insurance Company, UAE; Al Argan International Real Estate Company, Kuwait; Egyptian Takaful Property & Liability Company, Egypt and United Networks, Kuwait.
Gulf Insurance is led by Mr. Khaled Saoud Al-Hasan, Group Chief Executive Officer, who has been with Gulf Insurance since 1978.
KIPCO Tower, Floor 42
Khalid Bin al Waleed Street
Block 5, Building No. 1
P.O. Box 23982
Sharq, Kuwait City
Tel: 965-1-80-20-80; 2296-1999
See www.gulfinsgroup.com for more information about Gulf Insurance, subsidiaries and its affiliates.
Gulf Insurance has a financial strength rating of "A-" (Strong) by S&P and "A-" (Excellent) by A.M. Best.
Hamblin Watsa is a wholly-owned subsidiary of Fairfax. Based in Toronto, it provides investment management services exclusively to the insurance and reinsurance subsidiaries of the Fairfax group.
See www.hwic.ca for more information about Hamblin Watsa.
ICICI Lombard is 26% owned by Fairfax and is a joint venture with ICICI Bank Limited. ICICI Lombard is the largest private sector general insurance company in India with a gross written premium (GWP) of US$0.87 billion. The company has approximately 5,691 employees and 260 branches.
ICICI Lombard offers insurance solutions across various classes such as personal, health, motor, travel, rural, liability, credit, aviation, fire, marine and engineering risks.
ICICI Lombard is led by the Managing Director and Chief Executive Officer, Mr. Bhargav Dasgupta. Bhargav has been with ICICI Lombard since 2009.
414 ICICI Lombard House,
Veer Savarkar Marg,
Mumbai - 400025
Tel: 91 6196 1100
See www.icicilombard.com for more information about ICICI Lombard.
Northbridge Financial Corporation is a wholly-owned subsidiary of Fairfax. Based in Toronto the company is a leading commercial property and casualty insurance management company that offers a wide range of innovative solutions to Canadian businesses through its market facing brands. Northbridge Insurance, TruShield Insurance, Zenith Insurance and Federated Insurance. At year-end 2014, the company had net written premiums of Cdn$1.2 billion, shareholders' equity of Cdn $1.6 billion and employed over 1,400 people.
Northbridge is led by President and Chief Executive Officer, Ms. Silvy Wright. Silvy has been with Fairfax since 1994.
105 Adelaide Street West, Suite 700
Toronto, Ontario, Canada
See www.nbfc.com for more information about Northbridge and its subsidiaries.
The insurance operating subsidiaries of Northbridge have a financial strength rating of “A” (Excellent) by A.M. Best and “A-” (Strong) by S&P.
OdysseyRe is a wholly-owned subsidiary of Fairfax. Based in Stamford, Connecticut, it underwrites treaty and facultative reinsurance as well as specialty insurance business on a global basis, with principal locations in the United States, Toronto, London, Paris, Singapore and Latin America. In 2014, OdysseyRe's net premiums written were US$2,393.8 million. At year-end, the company had shareholders' equity of US$3,983.2 million and there were over 920 employees.
OdysseyRe operates through its subsidiaries Odyssey Reinsurance Company, Hudson Insurance Company, Hudson Specialty Insurance Company, Hudson Excess Insurance Company, Clearwater Select Insurance Company, Newline Underwriting Management Limited, OdysseyRe's managing agent at Lloyd's, Newline Insurance Company Limited, Newline Asia Services Pte. Ltd., Newline Australia Insurance Pty. Ltd. and Odyssey Reinsurance Company Escritório de Representação no Brasil Ltda.
Odyssey Re is led by its President and Chief Executive Officer, Mr. Brian Young. Brian has been with Fairfax since 1996.
300 First Stamford Place
Stamford, CT 06902
See www.odysseyre.com for more information about OdysseyRe and its subsidiaries.
The insurance operating subsidiaries of OdysseyRe have a financial strength rating of “A” (Excellent) by A.M. Best and “A-” (Strong) by S&P.
Polish Re (Polskie Towarzystwo Reasekuracji S.A.) is a wholly-owned subsidiary of Fairfax. Based in Warsaw, Poland, it writes reinsurance business in the Central and Eastern European region. In 2014, Polish Re's net premiums earned were PLN 190.6 million (USD 60.5 million). At year-end, the company had shareholders’ equity of PLN 231.7 million (USD 65.2 million) and there were 44 employees.
Polish Re is not only providing its clients with reinsurance capacity but also provides them with know-how by sharing experience and expertise. Polish Re operates in approximately 40 markets, where it has 2o0 clients. It has been operating in the insurance market since June 1996.
Polish Re is led by the Chief Executive Officer, Mrs. Monika Woźniak-Makarska.
Ul. Bytomska 4
01-612 Warsaw, Poland
See www.polishre.com for more information about Polish Re.
The financial strength rating of Polish Re is “A-” (Excellent) by A.M. Best.
RiverStone provides a broad range of complementary run-off services and management support. Its insurance experts are available to provide consultation relating to all aspects of claims, reinsurance, and litigation management as well as general matters such as due diligence reviews, forensic accounting reviews, and staff training. In addition, RiverStone is prepared to acquire or service insurance or liability portfolios in a variety of ways, depending upon customer needs.
The runoff business comprises the U.S. runoff group and the European runoff group. The U.S. runoff group includes TIG Insurance Company, General Fidelity Insurance Company, American Safety Casualty Insurance Company, American Safety Indemnity Company, Commonwealth Insurance Company of America and Clearwater Insurance Company. The European Runoff Group includes RiverStone Insurance (UK) Limited, RiverStone Insurance Limited and Syndicate 3500. The Runoff Group also includes TIG Insurance (Barbados) Limited and Resolution Group Reinsurance (Barbados) Limited. At year-end 2014, the runoff group had combined shareholders' equity of US$2,064.7 million, and had 265 employees in the U.S., located primarily in Manchester, New Hampshire, and 118 employees in its offices in the United Kingdom.
RiverStone is led by the Chief Executive Officer, Mr. Nick Bentley. Nick has been with Fairfax since 1998.
RiverStone Resources LLC
250 Commercial Street
Manchester, NH 03101
See www.riverstone-group.com for more information about the RiverStone Group.
Singapore Re is 27.63% owned by Fairfax. Singapore Re, established for 40 years in the Republic of Singapore, primarily focuses on business emanating from insurers in the Asian region. The company operates as a general reinsurance company and underwrites property, liability, miscellaneous accident, and marine classes on a facultative and treaty basis.
First listed on the Singapore Exchange in 1987, Singapore Re has grown steadily since its formative years. In 2014, Singapore Re’s net premiums written were S$56.8 million (approximately S$1.29=US$1). At year-end, the company had shareholders' equity of S$236 million and there were approximately 60 employees.
Singapore Re is led by the Chief General Manager/Chief Executive, Ms. Theresa Wee Sui Ling.
85 Amoy Street
See www.singre.com.sg for more information about Singapore Re.
Singapore Re has a financial strength rating of “A-” (Excellent) by A.M. Best.
Zenith National Insurance Corp. is a wholly-owned subsidiary of Fairfax. Based in Woodland Hills, California, Zenith is primarily engaged in the workers' compensation insurance business in the United States. Zenith conducts business in 46 states and the District of Columbia through independent agencies. In 2014, Zenith’s net premiums written were US$718 million. At year-end 2014, the company had statutory surplus of US$565 million and had approximately 1,476 employees.
Zenith operates through its subsidiaries Zenith Insurance Company and ZNAT Insurance Company. Zenith has been a specialist in workers’ compensation since 1951.
Zenith is led by its Chief Executive Officer, Ms. Kari Van Gundy. Kari has been with Zenith for 23 years and a part of Fairfax since the acquisition of Zenith in May 2010.
21255 Califa St.
Woodland Hills, CA 91367
See www.thezenith.com for more information about Zenith and its subsidiaries.
The insurance operating subsidiaries of Zenith have a financial strength rating of “A” (Excellent) by A.M. Best.
Colonnade Insurance S.A. (“Colonnade”) is a non-life insurance company owned by Fairfax Financial Holdings Limited. Based in Luxembourg, it operates through branches in the Czech Republic, Hungary, Slovakia and Ukraine.
Colonnade offers a wide range of non-life insurance products, through personal and corporate lines, including property and liability insurance, household insurance, motor insurance and travel and accident insurance.
Colonnade employs more than 200 experienced professionals and generates annual written premiums exceeding EUR 40 million.
Colonnade is led by President of Fairfax Central and Eastern Europe, Peter Csakvari.
20, rue Eugène Ruppert
The Grand Duchy of Luxembourg
Phone: +352 26 49 35 67
Colonnade Insurance S.A.,
Na Pankráci 1683/127
140 00 Praha 4
Phone: +420 2 3409 4011
Colonnade Insurance S.A.
Stefánia út 51.
Phone:+36 1 460 1400
Colonnade Insurance S.A.,
pobočka poisťovne z iného členského štátu
042 80 Košice
Phone: +421 2 5710 2811
Colonnade Ukraine Insurance Company
8, Illinska str.
Phone: +380 44 537 53 90