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 Fairfax's Newline insurer to open German office