Fairfax's Newline insurer to open German office

Newline Insurance Company Ltd., which is ultimately owned by Toronto-based Fairfax Financial Holdings Ltd., announced Tuesday it has received regulatory approval to open a new branch office in Cologne.

Newline, which writes international casualty and cargo coverage, is part of Fairfax-owned Odyssey Re Holdings Corp., based in Stamford, Conn.

The opening of a German office gives Newline a "platform within the E.U. for potential expansion into neighboring territories," stated Carl Overy, chief executive officer of London-based Newline Group, in a release. Read the full story

Related articles

CROATIA Osiguraje's Q1 net profit up by 71%

ADRIS Group, the holding company owning CROATIA Osiguranje (CO), announced its insurance arm increased its Q1 2017 net profit by 71% y-o-y, to HRK 67.8 million (about EUR 9.1 million).