SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
AMENDMENT NO. 3 TO
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Odyssey Re Holdings Corp.
-------------------------
(Name of Issuer)
Common Stock, $.01 par value
------------------------------
(Title of Class of Securities)
67612W108
---------
(CUSIP Number)
Eric P. Salsberg
Vice President, Corporate Affairs
Fairfax Financial Holdings Limited
95 Wellington Street West, Suite 800
Toronto, Ontario, Canada, M5J 2N7
Telephone: (416) 367-4941
-------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
- With a copy to -
Christopher J. Cummings
Shearman & Sterling LLP
Commerce Court West
199 Bay Street, Suite 4405
Toronto, Ontario M5L 1E8
Telephone (416) 360-8484
October 6, 2005
---------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on
Schedule 13G to report the acquisition which is the subject
of this Schedule 13D, and is filing this schedule became of
Rule 13d-1(b)(3) or (4), check the following box [ ].
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other
provisions of the Act (however, see the Notes).
13D
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CUSIP No. 67612W108 | | Page 2 of 39
| | Pages
| |
--------------------------------------------------------------------------------
(1) | Name of Reporting Person
| V. Prem Watsa
|
---------|----------------------------------------------------------------------
(2) | Check the Appropriate Box if a Member of a Group (a) [ ]
| (b) [X]
---------|----------------------------------------------------------------------
(3) | SEC Use Only
|
---------|----------------------------------------------------------------------
(4) | Source of Funds
| OO
---------|----------------------------------------------------------------------
(5) | Check box if Disclosure of Legal Proceedings is Required Pursuant to
| Item 2(d) or 2(e). [ ]
|
---------|----------------------------------------------------------------------
(6) | Citizenship or Place of Organization
| Canada
|
--------------------------------------------------------------------------------
| (7) | Sole Voting Power
| |
|--------------------------------
| |
Number of | (8) | Shared Voting Power
Shares Beneficially | | 55,464,000
Owned |--------------------------------
by Each | |
Reporting | (9) | Sole Dispositive Power
Person With | |
|--------------------------------
| (10)| Shared Dispositive Power
| | 55,464,000
| |
--------------------------------------------------------------------------------
(11) | Aggregate Amount Beneficially Owned by each
| Reporting Person 55,464,000
|
---------|----------------------------------------------------------------------
(12) | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
| (See Instructions) [ ]
|
---------|----------------------------------------------------------------------
(13) | Percent of Class Represented by Amount in Row (11) 80.1
---------|----------------------------------------------------------------------
(14) | Type of Reporting Person (See Instructions) IN
--------------------------------------------------------------------------------
2
13D
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CUSIP No. 67612W108 | | Page 3 of 39
| | Pages
| |
--------------------------------------------------------------------------------
(1) | Name of Reporting Person
| 1109519 ONTARIO LIMITED
|
---------|----------------------------------------------------------------------
(2) | Check the Appropriate Box if a Member of a Group (a) [ ]
| (b) [X]
---------|----------------------------------------------------------------------
(3) | SEC Use Only
|
---------|----------------------------------------------------------------------
(4) | Source of Funds
| OO
---------|----------------------------------------------------------------------
(5) | Check box if Disclosure of Legal Proceedings is Required Pursuant to
| Item 2(d) or 2(e). [ ]
|
---------|----------------------------------------------------------------------
(6) | Citizenship or Place of Organization
| Ontario, Canada
|
--------------------------------------------------------------------------------
| (7) | Sole Voting Power
| |
|--------------------------------
| |
Number of | (8) | Shared Voting Power
Shares Beneficially | | 55,464,400
Owned |--------------------------------
by Each | |
Reporting | (9) | Sole Dispositive Power
Person With | |
|--------------------------------
| (10)| Shared Dispositive Power
| | 55,464,400
| |
--------------------------------------------------------------------------------
(11) | Aggregate Amount Beneficially Owned by each
| Reporting Person 55,464,400
|
---------|----------------------------------------------------------------------
(12) | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
| (See Instructions) [ ]
|
---------|----------------------------------------------------------------------
(13) | Percent of Class Represented by Amount in Row (11) 80.1
---------|----------------------------------------------------------------------
(14) | Type of Reporting Person (See Instructions) CO
--------------------------------------------------------------------------------
3
13D
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CUSIP No. 67612W108 | | Page 4 of 39
| | Pages
| |
--------------------------------------------------------------------------------
(1) | Name of Reporting Person
| THE SIXTY TWO INVESTMENT COMPANY LIMITED
|
---------|----------------------------------------------------------------------
(2) | Check the Appropriate Box if a Member of a Group (a) [ ]
| (b) [X]
---------|----------------------------------------------------------------------
(3) | SEC Use Only
|
---------|----------------------------------------------------------------------
(4) | Source of Funds
| OO
---------|----------------------------------------------------------------------
(5) | Check box if Disclosure of Legal Proceedings is Required Pursuant to
| Item 2(d) or 2(e). [ ]
|
---------|----------------------------------------------------------------------
(6) | Citizenship or Place of Organization
| British Columbia
|
--------------------------------------------------------------------------------
| (7) | Sole Voting Power
| |
|--------------------------------
| |
Number of | (8) | Shared Voting Power
Shares Beneficially | | 55,464,400
Owned |--------------------------------
by Each | |
Reporting | (9) | Sole Dispositive Power
Person With | |
|--------------------------------
| (10)| Shared Dispositive Power
| | 55,464,400
| |
--------------------------------------------------------------------------------
(11) | Aggregate Amount Beneficially Owned by each
| Reporting Person 55,464,400
|
---------|----------------------------------------------------------------------
(12) | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
| (See Instructions) [ ]
|
---------|----------------------------------------------------------------------
(13) | Percent of Class Represented by Amount in Row (11) 80.1
---------|----------------------------------------------------------------------
(14) | Type of Reporting Person (See Instructions) CO
--------------------------------------------------------------------------------
4
13D
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CUSIP No. 67612W108 | | Page 5 of 39
| | Pages
| |
--------------------------------------------------------------------------------
(1) | Name of Reporting Person
| 810679 ONTARIO LIMITED
|
---------|----------------------------------------------------------------------
(2) | Check the Appropriate Box if a Member of a Group (a) [ ]
| (b) [X]
---------|----------------------------------------------------------------------
(3) | SEC Use Only
|
---------|----------------------------------------------------------------------
(4) | Source of Funds
| OO
---------|----------------------------------------------------------------------
(5) | Check box if Disclosure of Legal Proceedings is Required Pursuant to
| Item 2(d) or 2(e). [ ]
|
---------|----------------------------------------------------------------------
(6) | Citizenship or Place of Organization
| Ontario, Canada
|
--------------------------------------------------------------------------------
| (7) | Sole Voting Power
| |
|--------------------------------
| |
Number of | (8) | Shared Voting Power
Shares Beneficially | | 55,464,400
Owned |--------------------------------
by Each | |
Reporting | (9) | Sole Dispositive Power
Person With | |
|--------------------------------
| (10)| Shared Dispositive Power
| | 55,464,400
| |
--------------------------------------------------------------------------------
(11) | Aggregate Amount Beneficially Owned by each
| Reporting Person 55,464,400
|
---------|----------------------------------------------------------------------
(12) | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
| (See Instructions) [ ]
|
---------|----------------------------------------------------------------------
(13) | Percent of Class Represented by Amount in Row (11) 80.1
---------|----------------------------------------------------------------------
(14) | Type of Reporting Person (See Instructions) CO
--------------------------------------------------------------------------------
5
13D
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CUSIP No. 67612W108 | | Page 6 of 39
| | Pages
| |
--------------------------------------------------------------------------------
(1) | Name of Reporting Person
| FAIRFAX FINANCIAL HOLDINGS LIMITED
|
---------|----------------------------------------------------------------------
(2) | Check the Appropriate Box if a Member of a Group (a) [ ]
| (b) [X]
---------|----------------------------------------------------------------------
(3) | SEC Use Only
|
---------|----------------------------------------------------------------------
(4) | Source of Funds
| OO
---------|----------------------------------------------------------------------
(5) | Check box if Disclosure of Legal Proceedings is Required Pursuant to
| Item 2(d) or 2(e). [ ]
|
---------|----------------------------------------------------------------------
(6) | Citizenship or Place of Organization
| Canada
|
--------------------------------------------------------------------------------
| (7) | Sole Voting Power
| |
|--------------------------------
| |
Number of | (8) | Shared Voting Power
Shares Beneficially | | 55,464,400
Owned |--------------------------------
by Each | |
Reporting | (9) | Sole Dispositive Power
Person With | |
|--------------------------------
| (10)| Shared Dispositive Power
| | 55,464,400
| |
--------------------------------------------------------------------------------
(11) | Aggregate Amount Beneficially Owned by each
| Reporting Person 55,464,400
|
---------|----------------------------------------------------------------------
(12) | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
| (See Instructions) [ ]
|
---------|----------------------------------------------------------------------
(13) | Percent of Class Represented by Amount in Row (11) 80.1
---------|----------------------------------------------------------------------
(14) | Type of Reporting Person (See Instructions) CO
--------------------------------------------------------------------------------
6
13D
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CUSIP No. 67612W108 | | Page 7 of 39
| | Pages
| |
--------------------------------------------------------------------------------
(1) | Name of Reporting Person
| FFHL GROUP LTD.
|
---------|----------------------------------------------------------------------
(2) | Check the Appropriate Box if a Member of a Group (a) [ ]
| (b) [X]
---------|----------------------------------------------------------------------
(3) | SEC Use Only
|
---------|----------------------------------------------------------------------
(4) | Source of Funds
| OO
---------|----------------------------------------------------------------------
(5) | Check box if Disclosure of Legal Proceedings is Required Pursuant to
| Item 2(d) or 2(e). [ ]
|
---------|----------------------------------------------------------------------
(6) | Citizenship or Place of Organization
| Canada
|
--------------------------------------------------------------------------------
| (7) | Sole Voting Power
| |
|--------------------------------
| |
Number of | (8) | Shared Voting Power
Shares Beneficially | | 55,464,400
Owned |--------------------------------
by Each | |
Reporting | (9) | Sole Dispositive Power
Person With | |
|--------------------------------
| (10)| Shared Dispositive Power
| | 55,464,400
| |
--------------------------------------------------------------------------------
(11) | Aggregate Amount Beneficially Owned by each
| Reporting Person 55,464,400
|
---------|----------------------------------------------------------------------
(12) | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
| (See Instructions) [ ]
|
---------|----------------------------------------------------------------------
(13) | Percent of Class Represented by Amount in Row (11) 80.1
---------|----------------------------------------------------------------------
(14) | Type of Reporting Person (See Instructions) CO
--------------------------------------------------------------------------------
7
13D
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CUSIP No. 67612W108 | | Page 8 of 39
| | Pages
| |
--------------------------------------------------------------------------------
(1) | Name of Reporting Person
| FAIRFAX INC.
|
---------|----------------------------------------------------------------------
(2) | Check the Appropriate Box if a Member of a Group (a) [ ]
| (b) [X]
---------|----------------------------------------------------------------------
(3) | SEC Use Only
|
---------|----------------------------------------------------------------------
(4) | Source of Funds
| OO
---------|----------------------------------------------------------------------
(5) | Check box if Disclosure of Legal Proceedings is Required Pursuant to
| Item 2(d) or 2(e). [ ]
|
---------|----------------------------------------------------------------------
(6) | Citizenship or Place of Organization
| Wyoming
|
--------------------------------------------------------------------------------
| (7) | Sole Voting Power
| |
|--------------------------------
| |
Number of | (8) | Shared Voting Power
Shares Beneficially | | 55,464,400
Owned |--------------------------------
by Each | |
Reporting | (9) | Sole Dispositive Power
Person With | |
|--------------------------------
| (10)| Shared Dispositive Power
| | 55,464,400
| |
--------------------------------------------------------------------------------
(11) | Aggregate Amount Beneficially Owned by each
| Reporting Person 55,464,400
|
---------|----------------------------------------------------------------------
(12) | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
| (See Instructions) [ ]
|
---------|----------------------------------------------------------------------
(13) | Percent of Class Represented by Amount in Row (11) 80.1
---------|----------------------------------------------------------------------
(14) | Type of Reporting Person (See Instructions) CO
--------------------------------------------------------------------------------
8
13D
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CUSIP No. 67612W108 | | Page 9 of 39
| | Pages
| |
--------------------------------------------------------------------------------
(1) | Name of Reporting Person
| FAIRFAX FINANCIAL (US) LLC
|
---------|----------------------------------------------------------------------
(2) | Check the Appropriate Box if a Member of a Group (a) [ ]
| (b) [X]
---------|----------------------------------------------------------------------
(3) | SEC Use Only
|
---------|----------------------------------------------------------------------
(4) | Source of Funds
| OO
---------|----------------------------------------------------------------------
(5) | Check box if Disclosure of Legal Proceedings is Required Pursuant to
| Item 2(d) or 2(e). [ ]
|
---------|----------------------------------------------------------------------
(6) | Citizenship or Place of Organization
| Delaware
|
--------------------------------------------------------------------------------
| (7) | Sole Voting Power
| |
|--------------------------------
| |
Number of | (8) | Shared Voting Power
Shares Beneficially | | 4,300,000
Owned |--------------------------------
by Each | |
Reporting | (9) | Sole Dispositive Power
Person With | |
|--------------------------------
| (10)| Shared Dispositive Power
| | 4,300,000
| |
--------------------------------------------------------------------------------
(11) | Aggregate Amount Beneficially Owned by each
| Reporting Person 4,300,000
|
---------|----------------------------------------------------------------------
(12) | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
| (See Instructions) [ ]
|
---------|----------------------------------------------------------------------
(13) | Percent of Class Represented by Amount in Row (11) 6.2
---------|----------------------------------------------------------------------
(14) | Type of Reporting Person (See Instructions) CO
--------------------------------------------------------------------------------
9
13D
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CUSIP No. 67612W108 | | Page 10 of 39
| | Pages
| |
--------------------------------------------------------------------------------
(1) | Name of Reporting Person
| TIG HOLDINGS, INC.
|
---------|----------------------------------------------------------------------
(2) | Check the Appropriate Box if a Member of a Group (a) [ ]
| (b) [X]
---------|----------------------------------------------------------------------
(3) | SEC Use Only
|
---------|----------------------------------------------------------------------
(4) | Source of Funds
| OO
---------|----------------------------------------------------------------------
(5) | Check box if Disclosure of Legal Proceedings is Required Pursuant to
| Item 2(d) or 2(e). [ ]
|
---------|----------------------------------------------------------------------
(6) | Citizenship or Place of Organization
| Delaware
|
--------------------------------------------------------------------------------
| (7) | Sole Voting Power
| |
|--------------------------------
| |
Number of | (8) | Shared Voting Power
Shares Beneficially | | 47,200,000
Owned |--------------------------------
by Each | |
Reporting | (9) | Sole Dispositive Power
Person With | |
|--------------------------------
| (10)| Shared Dispositive Power
| | 47,200,000
| |
--------------------------------------------------------------------------------
(11) | Aggregate Amount Beneficially Owned by each
| Reporting Person 47,200,000
|
---------|----------------------------------------------------------------------
(12) | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
| (See Instructions) [ ]
|
---------|----------------------------------------------------------------------
(13) | Percent of Class Represented by Amount in Row (11) 68.2
---------|----------------------------------------------------------------------
(14) | Type of Reporting Person (See Instructions) CO
--------------------------------------------------------------------------------
10
13D
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CUSIP No. 67612W108 | | Page 11 of 39
| | Pages
| |
--------------------------------------------------------------------------------
(1) | Name of Reporting Person
| TIG INSURANCE GROUP INC.
|
---------|----------------------------------------------------------------------
(2) | Check the Appropriate Box if a Member of a Group (a) [ ]
| (b) [X]
---------|----------------------------------------------------------------------
(3) | SEC Use Only
|
---------|----------------------------------------------------------------------
(4) | Source of Funds
| OO
---------|----------------------------------------------------------------------
(5) | Check box if Disclosure of Legal Proceedings is Required Pursuant to
| Item 2(d) or 2(e). [ ]
|
---------|----------------------------------------------------------------------
(6) | Citizenship or Place of Organization
| California
|
--------------------------------------------------------------------------------
| (7) | Sole Voting Power
| |
|--------------------------------
| |
Number of | (8) | Shared Voting Power
Shares Beneficially | | 47,200,000
Owned |--------------------------------
by Each | |
Reporting | (9) | Sole Dispositive Power
Person With | |
|--------------------------------
| (10)| Shared Dispositive Power
| | 47,200,000
| |
--------------------------------------------------------------------------------
(11) | Aggregate Amount Beneficially Owned by each
| Reporting Person 47,200,000
|
---------|----------------------------------------------------------------------
(12) | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
| (See Instructions) [ ]
|
---------|----------------------------------------------------------------------
(13) | Percent of Class Represented by Amount in Row (11) 68.2
---------|----------------------------------------------------------------------
(14) | Type of Reporting Person (See Instructions) CO
--------------------------------------------------------------------------------
11
13D
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CUSIP No. 67612W108 | | Page 12 of 39
| | Pages
| |
--------------------------------------------------------------------------------
(1) | Name of Reporting Person
| TIG INSURANCE COMPANY
|
---------|----------------------------------------------------------------------
(2) | Check the Appropriate Box if a Member of a Group (a) [ ]
| (b) [X]
---------|----------------------------------------------------------------------
(3) | SEC Use Only
|
---------|----------------------------------------------------------------------
(4) | Source of Funds
| OO
---------|----------------------------------------------------------------------
(5) | Check box if Disclosure of Legal Proceedings is Required Pursuant to
| Item 2(d) or 2(e). [ ]
|
---------|----------------------------------------------------------------------
(6) | Citizenship or Place of Organization
| California
|
--------------------------------------------------------------------------------
| (7) | Sole Voting Power
| |
|--------------------------------
| |
Number of | (8) | Shared Voting Power
Shares Beneficially | | 12,660,966
Owned |--------------------------------
by Each | |
Reporting | (9) | Sole Dispositive Power
Person With | |
|--------------------------------
| (10)| Shared Dispositive Power
| | 12,660,966
| |
--------------------------------------------------------------------------------
(11) | Aggregate Amount Beneficially Owned by each
| Reporting Person 12,660,966
|
---------|----------------------------------------------------------------------
(12) | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
| (See Instructions) [ ]
|
---------|----------------------------------------------------------------------
(13) | Percent of Class Represented by Amount in Row (11) 18.3
---------|----------------------------------------------------------------------
(14) | Type of Reporting Person (See Instructions) CO
--------------------------------------------------------------------------------
12
13D
--------------------------------------------------------------------------------
CUSIP No. 67612W108 | | Page 13 of 39
| | Pages
| |
--------------------------------------------------------------------------------
(1) | Name of Reporting Person
| ORH HOLDINGS INC.
|
---------|----------------------------------------------------------------------
(2) | Check the Appropriate Box if a Member of a Group (a) [ ]
| (b) [X]
---------|----------------------------------------------------------------------
(3) | SEC Use Only
|
---------|----------------------------------------------------------------------
(4) | Source of Funds
| OO
---------|----------------------------------------------------------------------
(5) | Check box if Disclosure of Legal Proceedings is Required Pursuant to
| Item 2(d) or 2(e). [ ]
|
---------|----------------------------------------------------------------------
(6) | Citizenship or Place of Organization
| Delaware
|
--------------------------------------------------------------------------------
| (7) | Sole Voting Power
| |
|--------------------------------
| |
Number of | (8) | Shared Voting Power
Shares Beneficially | | 6,166,667
Owned |--------------------------------
by Each | |
Reporting | (9) | Sole Dispositive Power
Person With | |
|--------------------------------
| (10)| Shared Dispositive Power
| | 6,166,667
| |
--------------------------------------------------------------------------------
(11) | Aggregate Amount Beneficially Owned by each
| Reporting Person 6,166,667
|
---------|----------------------------------------------------------------------
(12) | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
| (See Instructions) [ ]
|
---------|----------------------------------------------------------------------
(13) | Percent of Class Represented by Amount in Row (11) 8.9
---------|----------------------------------------------------------------------
(14) | Type of Reporting Person (See Instructions) CO
--------------------------------------------------------------------------------
13
13D
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CUSIP No. 67612W108 | | Page 14 of 39
| | Pages
| |
--------------------------------------------------------------------------------
(1) | Name of Reporting Person
| UNITED STATES FIRE INSURANCE COMPANY
|
---------|----------------------------------------------------------------------
(2) | Check the Appropriate Box if a Member of a Group (a) [ ]
| (b) [X]
---------|----------------------------------------------------------------------
(3) | SEC Use Only
|
---------|----------------------------------------------------------------------
(4) | Source of Funds
| OO
---------|----------------------------------------------------------------------
(5) | Check box if Disclosure of Legal Proceedings is Required Pursuant to
| Item 2(d) or 2(e). [ ]
|
---------|----------------------------------------------------------------------
(6) | Citizenship or Place of Organization
| Delaware
|
--------------------------------------------------------------------------------
| (7) | Sole Voting Power
| |
|--------------------------------
| |
Number of | (8) | Shared Voting Power
Shares Beneficially | | 800,000
Owned |--------------------------------
by Each | |
Reporting | (9) | Sole Dispositive Power
Person With | |
|--------------------------------
| (10)| Shared Dispositive Power
| | 800,000
| |
--------------------------------------------------------------------------------
(11) | Aggregate Amount Beneficially Owned by each
| Reporting Person 800,000
|
---------|----------------------------------------------------------------------
(12) | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
| (See Instructions) [ ]
|
---------|----------------------------------------------------------------------
(13) | Percent of Class Represented by Amount in Row (11) 1.2
---------|----------------------------------------------------------------------
(14) | Type of Reporting Person (See Instructions) CO
--------------------------------------------------------------------------------
14
This Amendment No. 3 amends the Statement on Schedule 13D
filed with the Securities and Exchange Commission on June 27, 2001 by V. Prem
Watsa, The Sixty Two Investment Company Limited, Fairfax Financial Holdings
Limited ("Fairfax"), Odyssey Re Holdings Ltd., Odyssey Re Group Ltd., Fairfax
Inc., TIG Holdings, Inc., TIG Insurance Group, TIG Insurance Company, and ORH
Holdings Inc., as amended by Amendment No. 1 thereto filed on March 7, 2003 and
by Amendment No. 2 thereto filed on November 23, 2005 (such schedule, as
amended, the "Schedule 13D") in relation to shares of common stock, par value
$0.01 per share, of Odyssey Re Holdings Corp. ("Shares").
Amendment No. 1 to the Schedule 13D related to the purchase by
Fairfax, through a subsidiary, pursuant to a master note purchase agreement,
dated as of March 3, 2003, of 4,300,000 outstanding Shares (the "2003 Purchased
Shares") in a private transaction. As consideration for the Purchased Shares, a
subsidiary of Fairfax issued $78,045,000 aggregate principal amount of 3.15%
Exchangeable Notes due February 28, 2010 (the "Old Exchangeable Notes"),
exchangeable into 4,300,000 Shares.
Amendment No. 2 to the Schedule 13D related to the purchase
(the "2004 Purchase") by a subsidiary of Fairfax of its $78,045,000 aggregate
principal amount of Old Exchangeable Notes in a private transaction. As
consideration, the subsidiary issued $100,964,000 aggregate principal amount of
new 3.15% Exchangeable Notes due November 19, 2009 (the "New Exchangeable
Notes"). The New Exchangeable Notes are exchangeable into 4,300,000 Shares. The
Old Exchangeable Notes have been cancelled.
This Amendment No. 3 to the Schedule 13D relates to the
purchase (the "Purchase") by a subsidiary of Fairfax of 3,100,000 Shares in
Odyssey Re Holdings Corp.'s underwritten public offering of 4,100,000 Shares
made pursuant to Odyssey Re Holdings Corp.'s prospectus supplement dated October
6, 2005, filed with the Securities and Exchange Commission on October 7, 2005.
The following amendments to Items 2, 3, 4, 5, 6 and 7 of the
Schedule 13D are hereby made.
ITEM 2. IDENTITY AND BACKGROUND
Item 2 of the Schedule 13D is hereby amended in its entirety
to read as follows:
"This statement is being jointly filed by the following
persons (collectively, the "Reporting Persons"):
1. V. Prem Watsa, an individual, is a citizen of Canada.
Mr. Watsa's business address is 95 Wellington Street
West, Suite 800, Toronto, Ontario, M5J 2N7;
2. 1109519 Ontario Limited ("1109519"), a corporation
incorporated under the laws of Ontario, is controlled by
V. Prem Watsa. The principal business of 1109519 is as
an investment holding company. The principal
15
business address and principal office address of 1109519
is 95 Wellington Street West, Suite 800, Toronto,
Ontario, M5J 2N7;
3. The Sixty Two Investment Company Limited ("Sixty Two"),
a corporation incorporated under the laws of British
Columbia, is controlled by V. Prem Watsa. The principal
business of Sixty Two is as an investment holding
company. The principal business address and principal
office address of Sixty Two is 1600 Cathedral Place, 925
West Georgia St., Vancouver, British Columbia, Canada,
V6C 3L3;
4. 810679 Ontario Limited ("810679"), a corporation
incorporated under the laws of Ontario, is controlled by
V. Prem Watsa. The principal business of 810679 is as an
investment holding company. The principal business
address and principal office address of 810679 is 95
Wellington Street West, Suite 800, Toronto, Ontario,
Canada, M5J 2N7;
5. Fairfax, a corporation incorporated under the laws of
Canada, is controlled by Sixty Two, 1109519 and V. Prem
Watsa. Fairfax is a financial services holding company.
The principal business and principal office address of
Fairfax is 95 Wellington Street West, Suite 800,
Toronto, Ontario, Canada, M5J 2N7;
6. FFHL Group Ltd., a corporation incorporated under the
laws of Canada, is a wholly-owned subsidiary of Fairfax.
The principal business of FFHL Group Ltd. is as a
holding company. The principal business address and
principal office address of FFHL Group Ltd. is 95
Wellington Street West, Suite 800, Toronto, Ontario,
Canada, M5J 2N7;
7. Fairfax Inc., a corporation incorporated under the laws
of Wyoming, is a wholly-owned subsidiary of Fairfax. The
principal business of Fairfax Inc. is as a holding
company. The principal business address and principal
office address of Fairfax Inc. is 300 First Stamford
Place, Stamford, CT 06902;
8. Fairfax Financial (US) LLC ("Fairfax LLC"), a Delaware
limited liability company, is a wholly-owned subsidiary
of Fairfax. The sole member of Fairfax LLC is Fairfax
Inc. The principal business of Fairfax LLC is as a
holding company. The principal business address and
principal office address of Fairfax LLC is 5205 North
O'Connor Blvd., Irving, Texas 75039;
9. TIG Holdings, Inc., a corporation incorporated under the
laws of Delaware, is a wholly-owned subsidiary of
Fairfax. The principal business of TIG Holdings, Inc. is
as a holding company. The principal business address and
principal office address of TIG Holdings, Inc. is 5205
North O'Connor Blvd., Irving, Texas 75039;
16
10. TIG Insurance Group Inc., a corporation incorporated
under the laws of California, is a majority-owned
subsidiary of Fairfax. The principal business of TIG
Insurance Group is as a holding company. The principal
business address and principal office address of TIG
Insurance Group is 5205 North O'Connor Blvd., Irving,
Texas 75039;
11. TIG Insurance Company ("TIG"), a corporation
incorporated under the laws of California, is a
majority-owned subsidiary of Fairfax. The principal
business of TIG is property/casualty insurance. The
principal business address and principal office address
of TIG is 5205 North O'Connor Blvd., Irving, Texas
75039;
12. ORH Holdings Inc. ("ORH"), a corporation incorporated
under the laws of Delaware, is a majority-owned
subsidiary of Fairfax. The principal business of ORH is
as a holding company. The principal business address and
principal office address of ORH is 300 First Stamford
Place, Stamford, Connecticut 06902; and
13. United States Fire Insurance Company ("US Fire"), a
corporation incorporated under the laws of Delaware, is
a wholly-owned subsidiary of Fairfax. The principal
business of US Fire is insurance. The principal business
address and principal office address of US Fire is 305
Madison Avenue, P.O. Box 1973, Morristown, New Jersey
07962.
Neither the filing of this Schedule 13D nor the information
contained herein shall be deemed to constitute an affirmation by V. Prem Watsa,
1109519, Sixty Two, 810679, Fairfax, FFHL Group Ltd., Fairfax Inc., Fairfax LLC,
TIG Holdings, Inc., TIG Insurance Group, TIG, ORH or US Fire that such person is
the beneficial owner of the Shares referred to herein for purposes of Section
13(d) or 13(g) of the Securities Exchange Act of 1934, as amended (the "Exchange
Act"), or for any other purpose, and such beneficial ownership is expressly
disclaimed.
The name, present principal occupation or employment and name,
principal business and address of any corporation or other organization in which
such employment is conducted and the citizenship of each executive officer and
director, or each member of the board of managers, as applicable, of each of the
Reporting Persons is set forth in Annex A, B, C, D, E, F, G, H, I, J, K or L, as
the case may be, and such Annexes are incorporated herein by reference.
Pursuant to Rule 13d-1(k) under the Exchange Act, the
Reporting Persons have agreed to file jointly one statement with respect to
their ownership of the Shares.
During the last five years, none of the Reporting Persons,
and, to the best of each such Reporting Person's knowledge, none of the persons
listed in Annex A, B, C, D, E, F, G, H, I, J, K or L have been (a) convicted in
a criminal proceeding (excluding traffic violations or similar misdemeanors) or
(b) a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction and as a result of such proceeding was or is subject to a
judgment, decree or final order enjoining future violations of, or prohibiting
or mandating activities subject to, federal or state securities laws or finding
any violation with respect to such laws."
17
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Item 3 of the Schedule 13D is hereby amended in its entirety
to read as follows:
Fairfax Inc. purchased the 3,100,000 Shares for an aggregate
purchase price of $77,376,000. The source of funds for the purchase was cash.
ITEM 4. PURPOSE OF TRANSACTION
Item 4 of the Schedule 13D is hereby amended in its entirety
to read as follows:
"The 2003 Purchased Shares were acquired and the 2004 Purchase
and the Purchase were made by Fairfax for investment purposes and in order for
Odyssey Re Holdings Corp. ("OdysseyRe") to be included in Fairfax's U.S.
consolidated tax group so as to more quickly use Fairfax's future income tax
asset and to allow for the cash flow benefit of receiving tax sharing payments
from OdysseyRe.
The Reporting Persons have the following plans and proposals:
(a) The Reporting Persons currently do not intend to acquire
or dispose of Shares, but may formulate plans to do so in the future. The
Reporting Persons intend to review, on a continuous basis, various factors
related to their direct or indirect investment, as the case may be, in
OdysseyRe, including the price and availability of the Shares, subsequent
developments affecting OdysseyRe's business, other investment and business
opportunities available to the Reporting Persons and general stock market and
economic conditions. Based upon these and other factors, the Reporting Persons
may decide to purchase additional Shares or may decide in the future to sell all
or part of their investment in OdysseyRe;
(b) The Reporting Persons have no plans or proposals to cause
OdysseyRe to enter into any extraordinary corporate transaction, such as a
merger, reorganization or liquidation of OdysseyRe or any of its subsidiaries;
(c) The Reporting Persons have no plans or proposals to cause
OdysseyRe or any of its subsidiaries to sell or transfer a material amount of
assets;
(d) The Reporting Persons have no plans or proposals which
would result in a change in the present board of directors or management of
OdysseyRe, whether through a change in the number or term of directors or
otherwise;
(e) The Reporting Persons have no plans to make any material
change in the present capitalization or dividend policy of OdysseyRe;
(f) The Reporting Persons have no plans or proposals to cause
OdysseyRe to make any other material change in its business or corporate
structure;
18
(g) The Reporting Persons have no plans or proposals to cause
OdysseyRe to change its certificate of incorporation or bylaws or to take other
actions which may impede the acquisition of control of OdysseyRe by any person;
(h) The Reporting Persons have no plans or proposals to cause
the Shares to be delisted from any securities exchange or cease to be authorized
to be quoted in an inter-dealer quotation system;
(i) The Reporting Persons have no plans or proposals to cause
the Shares to become eligible for termination of registration pursuant to
Section 12(g) of the Exchange Act; and
(j) The Reporting Persons have no plans or proposals to take
any actions similar to those enumerated above."
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Item 5 of the Schedule 13D is hereby amended in its entirety
to read as follows:
"(a) Based on the most recent information available, the
aggregate number and percentage of the Shares (the securities identified
pursuant to Item 1 of this Schedule 13D) that are beneficially owned by each of
the Reporting Persons is set forth in boxes 11 and 13 of the second part of the
cover page to this Schedule 13D for each of the Reporting Persons, and such
information is incorporated herein by reference.
(b) The number of Shares as to which each of the Reporting
Persons has sole voting power, shared voting power, sole dispositive power and
shared dispositive power is set forth in boxes 7, 8, 9 and 10, respectively, on
the second part of the cover page to this Schedule 13D for each of the Reporting
Persons, and such information is incorporated herein by reference.
(c) Except as described herein, none of the Reporting Persons,
nor, to the best knowledge of the Reporting Persons, any person listed in Annex
A, B, C, D, E, F, G, H, I, J, K or L beneficially owns, or during the last 60
days has acquired or disposed of, any Shares.
Andrew A. Barnard acquired 202,135 Shares pursuant to the
Odyssey Re Holdings Corp. Restricted Share Plan on September 14, 2005.
To the best knowledge of the Reporting Persons, the following
persons beneficially own the following amounts of Shares and have sole voting
power and sole dispositive power with respect to such Shares, except that Mr.
Griffiths shares voting and dispositive power over 5,000 of such Shares with
Fourfourtwo Investments Limited, a company controlled by Mr. Griffiths (in each
case the amount of Shares accounts for less than 1% of the total outstanding
amount of Shares):
James F. Dowd 12,549
Andrew A. Barnard: 471,482
Anthony Griffiths: 8,750
19
Robbert Hartog 3,750
Brandon W. Sweitzer 3,500
Frank B. Bennett 2,800
Samuel A. Mitchell 1,000
(d) No person is known to have the right to receive or the
power to direct the receipt of dividends from, or the proceeds from the sale of,
Shares held by the Reporting Persons other than each of the Reporting Persons.
(e) Not applicable."
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER
Item 6 of the Schedule 13D is hereby amended in its entirety
to read as follows:
"Except as described herein, none of the Reporting Persons,
nor to the best knowledge of each of the Reporting Persons, any person listed in
Annex A, B, C, D, E, F, G, H, I, J, K or L has any contract, arrangement,
understanding or relationship (legal or otherwise) with any person with respect
to any securities of OdysseyRe, including, but not limited to, transfer or
voting of any of the securities, finder's fees, joint ventures, loan or option
arrangements, puts or calls, guarantees of profits, division of profits or loss,
or the giving or withholding of proxies other than as described below.
On October 6, 2005, Fairfax Inc. agreed to purchase 3,100,000
Shares in OdysseyRe's underwritten public offering of 4,100,000 Shares made
pursuant to OdysseyRe's prospectus supplement dated October 6, 2005 filed with
the Securities and Exchange Commission on 7, 2005. The closing of the Purchase
occurred on October 12, 2005.
Pursuant to a master note purchase agreement among Fairfax
LLC, the Purchaser, Fairfax, as guarantor, and Banc of America Securities LLC,
as agent, dated as of November 19, 2004 (the "Master Note Purchase Agreement"),
in consideration for the Old Exchangeable Notes, Fairfax LLC issued (1)
$68,092,000 aggregate principal amount of New Exchangeable Notes that are
exchangeable into 2,900,000 Shares at the option of the Purchaser during the
period beginning on and including November 3, 2006 through and including
November 17, 2006, such date the "Exchange Period End Date" for such
Exchangeable Notes and (2) $32,872,000 aggregate principal amount of New
Exchangeable Notes that are exchangeable into 1,400,000 Shares at the option of
the Purchaser during the period beginning on and including August 4, 2006
through and including August 18, 2006, such date the "Exchange Period End Date"
for such Exchangeable Notes. The Old Exchangeable Notes have been cancelled. In
addition, under the Master Note Purchase Agreement, the New Exchangeable Notes
are exchangeable at the option of the Purchaser if at any time prior to the
applicable Exchange Period End Date (a) OdysseyRe shall declare either (i) a
dividend on the Shares to be paid in property other than cash or Shares or (ii)
a quarterly cash dividend in excess of $0.03125 per Share, or (b) Fairfax LLC
fails to reimburse the Purchaser for certain costs. The performance of Fairfax
LLC's obligations under the New Exchangeable Notes has been guaranteed by
Fairfax and, pursuant to a pledge agreement among Fairfax LLC, the Purchaser,
and Banc of America
20
Securities LLC, as agent, dated as of November 19, 2004 (the "Pledge
Agreement"), secured by a pledge of the 2003 Purchased Shares in favor of the
Purchaser. Immediately following the 2004 Purchase, the Purchaser transferred
the New Exchangeable Notes to Intrepid Portfolios LLC ("Intrepid"), an affiliate
of Bank of America, N.A. In addition, the Purchaser transferred its rights and
obligations, and Intrepid assumed the Purchaser's rights and obligations, under
the Master Note Purchase Agreement and the Pledge Agreement.
OdysseyRe has entered into a registration rights agreement
with TIG and ORH. The registration rights agreement includes rights to require
OdysseyRe to register the offer and sale of Shares held by TIG and ORH on up to
three different occasions. Each of TIG and ORH may also require OdysseyRe to
file registration statements on Form S-3. The registration rights agreement also
includes the right to require OdysseyRe to include OdysseyRe common stock held
by TIG and ORH in up to three future registration statements that OdysseyRe
files with the Securities and Exchange Commission. Under the agreement,
OdysseyRe also provides TIG and ORH with the right to participate in any
securities offerings by OdysseyRe in order to maintain their percentage
ownership. These rights are subject to various conditions and limitations. Under
the registration rights agreement, OdysseyRe will bear all expenses incurred in
connection with the registrations, other than any underwriting discounts and
commissions. Registration of Shares upon the exercise of these registration
rights would result in such Shares becoming freely tradable without restriction
under the Securities Act.
Messrs. Andrew A. Barnard, James F. Dowd, Frank B. Bennett,
Robbert Hartog, Anthony Griffiths and Brandon W. Sweitzer have been granted
stock options to purchase Shares in the amount of 37,500, 11,250, 3,750, 3,750,
2,500 and 2,500, respectively, under the OdysseyRe 2002 Stock Incentive Plan
that have not been exercised."
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Item 7 of the Schedule 13D is hereby amended by the addition
of the following exhibits to the end thereof:
3.1 Joint filing agreement dated as of October 12, 2005
between V. Prem Watsa, 1109519 Ontario Limited, The
Sixty Two Investment Company Limited, 810679 Ontario
Limited, Fairfax Financial Holdings Limited, FFHL Group
Limited, Fairfax Inc., Fairfax Financial (US) LLC, TIG
Holdings, Inc., TIG Insurance Group, TIG Insurance
Company, ORH Holdings Inc., and United States Fire
Insurance Company.
21
SIGNATURES
After reasonable inquiry and to the best knowledge and belief of the
undersigned, such person certifies that the information set forth in this
statement with respect to such person is true, complete and correct.
IN WITNESS WHEREOF, the undersigned has executed this instrument as of the
12th day of October, 2005.
V. PREM WATSA
/s/ V. Prem Watsa
----------------------------------------------
1109519 ONTARIO LIMITED
By: /s/ V. Prem Watsa
-----------------------------------------
Name: V. Prem Watsa
Title: President
THE SIXTY TWO INVESTMENT
COMPANY LIMITED
By: /s/ V. Prem Watsa
-----------------------------------------
Name: V. Prem Watsa
Title: President
810679 ONTARIO LIMITED
By: /s/ V. Prem Watsa
-----------------------------------------
Name: V. Prem Watsa
Title: President
FAIRFAX FINANCIAL HOLDINGS LIMITED
By: /s/ Eric P. Salsberg
-----------------------------------------
Name: Eric P. Salsberg
Title: Vice President, Corporate Affairs
FFHL GROUP LTD.
By: /s/ Eric P. Salsberg
-----------------------------------------
Name: Eric P. Salsberg
Title: Vice President
FAIRFAX INC.
By: /s/ Eric P. Salsberg
-----------------------------------------
Name: Eric P. Salsberg
Title: Vice President
FAIRFAX FINANCIAL (US) LLC.
By: /s/ Bradley P. Martin
-----------------------------------------
Name: Bradley P. Martin
Title: Vice President
TIG HOLDINGS, INC.
By: /s/ R. Scott Donovan
-----------------------------------------
Name: R. Scott Donovan
Title: President
TIG INSURANCE GROUP
By: /s/ R. Scott Donovan
-----------------------------------------
Name: R. Scott Donovan
Title: President
TIG INSURANCE COMPANY
By: /s/ R. Scott Donovan
-----------------------------------------
Name: R. Scott Donovan
Title: President
ORH HOLDINGS INC.
By: /s/ Eric P. Salsberg
-----------------------------------------
Name: Eric P. Salsberg
Title: Vice President
UNITED STATES FIRE INSURANCE COMPANY
By: /s/ Carol Ann Soos
-----------------------------------------
Name: Carol Ann Soos
Title: Vice President
ANNEX INDEX
-----------
ANNEX DESCRIPTION
----- -----------
A Directors and Executive Officers of 1109519 Ontario Limited
B Directors and Executive Officers of The Sixty Two Investment
Company Limited
C Directors and Executive Officers of 810679 Ontario Limited
D Directors and Executive Officers of Fairfax Financial
Holdings Limited
E Directors and Executive Officers of FFHL Group Ltd.
F Directors and Executive Officers of Fairfax Inc.
G Members of the Board of Managers and Executive Officers of
Fairfax Financial (US) LLC
H Directors and Executive Officers of TIG Holdings, Inc.
I Directors and Executive Officers of TIG Insurance Group
J Directors and Executive Officers of TIG Insurance Company
K Directors and Executive Officers of ORH Holdings Inc.
L Directors and Executive Officers of United States Fire
Insurance Company
26
ANNEX A
DIRECTORS AND EXECUTIVE OFFICERS OF
1109519 ONTARIO LIMITED
The following table sets forth certain information with respect to the
directors and executive officers of 1109519 Ontario Limited.
PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT
AND THE NAME, PRINCIPAL BUSINESS AND ADDRESS
OF ANY CORPORATION OR OTHER ORGANIZATION IN
NAME WHICH SUCH EMPLOYMENT IS CONDUCTED CITIZENSHIP
---- -------------------------------------------- -----------
V. Prem Watsa Chairman and Chief Executive Officer, Canadian
(President and Director) Fairfax Financial Holdings Limited
95 Wellington Street West
Suite 800
Toronto, Ontario M5J 2N7
Eric P. Salsberg Vice President, Corporate Affairs, Fairfax Canadian
(Assistant Secretary and Director) Financial Holdings Limited
27
ANNEX B
DIRECTORS AND EXECUTIVE OFFICERS OF
THE SIXTY TWO INVESTMENT COMPANY LIMITED
The following table sets forth certain information with respect to the
directors and executive officers of The Sixty Two Investment Company Limited.
PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT
AND THE NAME, PRINCIPAL BUSINESS AND ADDRESS
OF ANY CORPORATION OR OTHER ORGANIZATION IN
NAME WHICH SUCH EMPLOYMENT IS CONDUCTED CITIZENSHIP
---- --------------------------------------------- -----------
V. Prem Watsa Chairman and Chief Executive Officer, Canadian
(President and Director) Fairfax Financial Holdings Limited
95 Wellington Street West
Suite 800
Toronto, Ontario M5J 2N7
Eric P. Salsberg Vice President, Corporate Affairs, Fairfax Canadian
(Assistant Secretary and Director) Financial Holdings Limited
28
ANNEX C
DIRECTORS AND EXECUTIVE OFFICERS OF
810679 ONTARIO LIMITED
The following table sets forth certain information with respect to the
directors and executive officers of 810679 Ontario Limited.
PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT
AND THE NAME, PRINCIPAL BUSINESS AND ADDRESS
OF ANY CORPORATION OR OTHER ORGANIZATION IN
NAME WHICH SUCH EMPLOYMENT IS CONDUCTED CITIZENSHIP
---- --------------------------------------------- -----------
V. Prem Watsa Chairman and Chief Executive Officer, Canadian
(President and Director) Fairfax Financial Holdings Limited
95 Wellington Street West
Suite 800
Toronto, Ontario M5J 2N7
Eric P. Salsberg Vice President, Corporate Affairs, Canadian
(Assistant Secretary and Director) Fairfax Financial Holdings Limited
29
ANNEX D
DIRECTORS AND EXECUTIVE OFFICERS OF
FAIRFAX FINANCIAL HOLDINGS LIMITED
The following table sets forth certain information with respect to the
directors and executive officers of Fairfax Financial Holdings Limited.
PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT
AND THE NAME, PRINCIPAL BUSINESS AND ADDRESS
OF ANY CORPORATION OR OTHER ORGANIZATION IN
NAME WHICH SUCH EMPLOYMENT IS CONDUCTED CITIZENSHIP
---- --------------------------------------------- -----------
V. Prem Watsa Chairman and Chief Executive Officer, Canadian
(Chairman and Chief Executive Officer) Fairfax Financial Holdings Limited
95 Wellington Street West
Suite 800
Toronto, Ontario M5J 2N7
Frank B. Bennett President, Artesian Management Inc. United States
(Director) 301 Carlson Parkway, Suite 120
Minnetonka, MN 55305
Robbert Hartog President, Robhar Investments Ltd. Canadian
(Director) R.R. #1
Perkinsfield, Ontario L0L 2J0
Anthony Griffiths Independent Business Consultant Canadian
(Director) Toronto, Ontario, Canada
Brandon W. Sweitzer Senior Advisor to the President of the United States
(Director) Chamber of Commerce of The United States
1615 H Street, NW
Washington, DC 20062
Paul Murray President, Pine Smoke Investments Canadian
Toronto, Ontario Canada
Greg Taylor Vice President and Chief Canadian
(Vice President and Chief Financial Officer) Financial Officer, Fairfax
Financial Holdings Limited
Eric P. Salsberg Vice President, Corporate Affairs, Canadian
(Vice President, Corporate Affairs) Fairfax Financial Holdings Limited
30
PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT
AND THE NAME, PRINCIPAL BUSINESS AND ADDRESS
OF ANY CORPORATION OR OTHER ORGANIZATION IN
NAME WHICH SUCH EMPLOYMENT IS CONDUCTED CITIZENSHIP
---- --------------------------------------------- -----------
Paul Rivett Vice President, Canadian
(Vice President) Fairfax Financial Holdings Limited
31
ANNEX E
DIRECTORS AND EXECUTIVE OFFICERS OF
FFHL GROUP LTD.
The following table sets forth certain information with respect to the
directors and executive officers of FFHL Group Ltd.
PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT
AND THE NAME, PRINCIPAL BUSINESS AND ADDRESS
OF ANY CORPORATION OR OTHER ORGANIZATION IN
NAME WHICH SUCH EMPLOYMENT IS CONDUCTED CITIZENSHIP
---- -------------------------------------------- -----------
James F. Dowd President and Chief Executive Officer, United States
(Chairman) Fairfax Inc.
305 Madison Avenue
Morristown, NJ 07960
Eric P. Salsberg Vice President, Corporate Affairs, Canadian
(Vice President and Director) Fairfax Financial Holdings Limited
95 Wellington Street West
Suite 800
Toronto, Ontario M5J 2N7
Bradley P. Martin Vice President, Canadian
(Vice President and Director) Fairfax Financial Holdings Limited
V. Prem Watsa Chairman and Chief Executive Officer, Canadian
(Vice President and Director) Fairfax Financial Holdings Limited
Ronald Schokking Vice President, Finance, Canadian
(Vice President) Fairfax Financial Holdings Limited
M. Jane Williamson Vice President, Canadian
(Director) Fairfax Financial Holdings Limited
32
ANNEX F
DIRECTORS AND EXECUTIVE OFFICERS OF
FAIRFAX INC.
The following table sets forth certain information with respect to the
directors and executive officers of Fairfax Inc.
PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT
AND THE NAME, PRINCIPAL BUSINESS AND ADDRESS
OF ANY CORPORATION OR OTHER ORGANIZATION IN
NAME WHICH SUCH EMPLOYMENT IS CONDUCTED CITIZENSHIP
---- -------------------------------------------- -----------
Eric P. Salsberg Vice President, Corporate Affairs, Canadian
(Vice President and Director) Fairfax Financial Holdings Limited
95 Wellington Street West
Suite 800
Toronto, Ontario M5J 2N7
James F. Dowd Chairman, President and Chief Executive United States
(Chairman, President and Chief Executive Officer) Officer, Fairfax Inc.
305 Madison Avenue
Morristown, NJ 07906
Ronald Schokking Vice President, Finance, Canadian
(Vice President) Fairfax Financial Holdings Limited
Roland W. Jackson Vice President, Treasurer and Director, United States
(Vice President, Treasurer and Director) Fairfax Inc.
Trevor J. Ambridge Vice President Canadian
(Vice President) Fairfax Inc.
33
ANNEX G
MEMBERS OF THE BOARD OF MANAGERS AND EXECUTIVE OFFICERS OF
FAIRFAX FINANCIAL (US) LLC
The following table sets forth certain information with respect to the
members of the board of managers and executive officers of Fairfax Financial
(US) LLC.
PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT
AND THE NAME, PRINCIPAL BUSINESS AND ADDRESS
OF ANY CORPORATION OR OTHER ORGANIZATION IN
NAME WHICH SUCH EMPLOYMENT IS CONDUCTED CITIZENSHIP
---- -------------------------------------------- -----------
John K. Cassil Assistant Secretary, United States
(President and Manager) TIG Insurance Company
5205 North O'Connor Blvd.
Irving, Texas 75039
Roland Jackson Vice President, United States
(Manager) Fairfax Inc.
305 Madison Avenue
Morristown, NJ 07906
William McManus Managing Director, United States
(Manager) Horizon Management, Inc.
8318 Pineville-Matthews Road
Suite 390 G
Charlotte, NC 28226
Bradley P. Martin Vice President, Canadian
(Vice President) Fairfax Financial Holdings Limited
95 Wellington Street West
Suite 800
Toronto, Ontario M5J 2N7
34
ANNEX H
DIRECTORS AND EXECUTIVE OFFICERS OF
TIG HOLDINGS, INC.
The following table sets forth certain information with respect to the
directors and executive officers of TIG Holdings, Inc.
PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT
AND THE NAME, PRINCIPAL BUSINESS AND ADDRESS
OF ANY CORPORATION OR OTHER ORGANIZATION IN
NAME WHICH SUCH EMPLOYMENT IS CONDUCTED CITIZENSHIP
---- -------------------------------------------- -----------
V. Prem Watsa Chairman and Chief Executive Officer, Canadian
(Chairman and Director) Fairfax Financial Holdings Limited
95 Wellington Street West
Suite 800
Toronto, Ontario M5J 2N7
Trevor J. Ambridge Vice President, Canadian
(Director) Fairfax Inc.
305 Madison Avenue
Morristown, NJ 07906
Dennis C. Gibbs Chief Executive Officer and Director, United States
(Chief Executive Officer and Director) TIG Insurance Company
R. Scott Donovan President and Director, United States
(President and Director) TIG Insurance Company
Michael J. Sluka Senior Vice President, Chief Financial United States
(Senior Vice President, Chief Financial Officer Officer and Treasurer and Director,
and Treasurer) TIG Insurance Company
35
ANNEX I
DIRECTORS AND EXECUTIVE OFFICERS OF
TIG INSURANCE GROUP
The following table sets forth certain information with respect to the
directors and executive officers of TIG Insurance Group.
PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT
AND THE NAME, PRINCIPAL BUSINESS AND ADDRESS
OF ANY CORPORATION OR OTHER ORGANIZATION IN
NAME WHICH SUCH EMPLOYMENT IS CONDUCTED CITIZENSHIP
---- -------------------------------------------- -----------
R. Scott Donovan President and Director, United States
(President and Director) TIG Insurance Company
5205 North O'Connor Blvd.,
Irving, Texas 75039
Dennis C. Gibbs Chief Executive Officer and Director, United States
(Chief Executive Officer and Director) TIG Insurance Company
Charles G. Ehrlich Senior Vice President, Secretary and United States
(Senior Vice President, General Counsel and General Counsel
Secretary) Riverstone Claims Management LLC
250 Commercial Street, Suite 5000
Manchester, NH 03101
Michael J. Sluka Senior Vice President, Chief Financial United States
(Senior Vice President, Chief Financial Officer, Officer, Treasurer and Director,
Treasurer, and Director) TIG Insurance Company
William J. Gillett Managing Director -- Europe, United States
(Director) RiverStone Holdings Limited
2nd Floor, Mind House
77 Mansell St.
London, UK E18AF
36
ANNEX J
DIRECTORS AND EXECUTIVE OFFICERS OF
TIG INSURANCE COMPANY
The following table sets forth certain information with respect to the
directors and executive officers of TIG Insurance Company.
PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT
AND THE NAME, PRINCIPAL BUSINESS AND ADDRESS
OF ANY CORPORATION OR OTHER ORGANIZATION IN
NAME WHICH SUCH EMPLOYMENT IS CONDUCTED CITIZENSHIP
---- ------------------------------------------- -----------
Dennis C. Gibbs Chairman, Chief Executive Officer and United States
(Chairman, Chief Executive Officer and Director) Director,
TIG Insurance Company
R. Scott Donovan President and Director, United States
(President and Director) TIG Insurance Company
Charles G. Ehrlich Senior Vice President, Secretary and United States
(Senior Vice President and Director) General Counsel
Riverstone Claims Management LLC
250 Commercial Street, Suite 5000
Manchester, NH 03101
John M. Parker Senior Vice President, General Counsel, and United States
(Senior Vice President, General Counsel, and Secretary,
Secretary) TIG Insurance Company
Robert L. Gossett Senior Vice President and Director, United States
(Senior Vice President and Director) TIG Insurance Company
Michael J. Sluka Senior Vice President, Chief Financial United States
(Senior Vice President, Chief Financial Officer, Officer, Treasurer and Director,
Treasurer and Director) TIG Insurance Company
37
ANNEX K
DIRECTORS AND EXECUTIVE OFFICERS OF
ORH HOLDINGS INC.
The following table sets forth certain information with respect to the
directors and executive officers of ORH Holdings Inc.
PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT
AND THE NAME, PRINCIPAL BUSINESS AND ADDRESS
OF ANY CORPORATION OR OTHER ORGANIZATION IN
NAME WHICH SUCH EMPLOYMENT IS CONDUCTED CITIZENSHIP
---- -------------------------------------------- -----------
Andrew A. Barnard President and Chief Executive Officer, United States
(President) Odyssey Re Holdings Corp.
300 First Stamford Place,
Stamford, Connecticut 06902
Eric P. Salsberg Vice President, Corporate Affairs, Canadian
(Vice President and Director) Fairfax Financial Holdings Limited
95 Wellington Street West
Suite 800
Toronto, Ontario
Bradley P. Martin Vice President, Canadian
(Vice President and Director) Fairfax Financial Holdings Limited
38
ANNEX L
DIRECTORS AND EXECUTIVE OFFICERS OF
UNITED STATES FIRE INSURANCE COMPANY
The following table sets forth certain information with respect to the
directors and executive officers of United States Fire Insurance Company.
PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT
AND THE NAME, PRINCIPAL BUSINESS AND ADDRESS
OF ANY CORPORATION OR OTHER ORGANIZATION IN
NAME WHICH SUCH EMPLOYMENT IS CONDUCTED CITIZENSHIP
---- -------------------------------------------- -----------
Nikolas Antonopoulos Chief Executive Officer and President, United States
(Chief Executive Officer and Chairman) Crum & Forster Holdings Corp. and various
other insurance subsidiaries
305 Madison Avenue
Morristown, NJ 07962
Joseph F. Braunstein, Jr. President and Director, United States
(President and Director) United States Fire Insurance Company
Mary Jane Robertson Executive Vice President, Chief Financial United States
(Executive Vice President, Chief Financial Officer and Treasurer,
Officer, Treasurer and Director) Crum & Forster Holdings Corp. and various
other insurance subsidiaries
Dennis J. Hammer Senior Vice President and Controller, United States
(Senior Vice President and Controller) United States Fire Insurance Company
39
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
----------- -----------
3.1 Joint filing agreement dated as of October 12, 2005 between V. Prem Watsa,
1109519 Ontario Limited, The Sixty Two Investment Company Limited, 810679
Ontario Limited, Fairfax Financial Holdings Limited, FFHL Group Limited,
Fairfax Inc., Fairfax Financial (US) LLC, TIG Holdings, Inc., TIG
Insurance Group, TIG Insurance Company, ORH Holdings Inc., and United
States Fire Insurance Company.
40