Advent is a wholly-owned subsidiary of Fairfax. Based in the U.K., Advent is a reinsurance and insurance company, focused on specialty property reinsurance and insurance risks. In 2010, Advent's net premiums written were US$214.3 million. At year-end, the company had shareholders' equity of US$149.7 million and there were approximately 60 employees.

Advent offers reinsurance solutions through Advent Syndicate 780 at Lloyd's and Advent Re in Bermuda. Advent provides insurance cover, principally for physical damage risks, through Advent Syndicate 780 at Lloyd's.

Advent is led by the Chief Executive Officer, Mr. Jim Migliorini and Trevor Ambridge, Managing Director.  Jim and Trevor have been with Fairfax since 1996 and 1998, respectively.