Announced
Completed
Financials
Tags
United States
reinsurance
Reinsurance
Acquisition
Minority
Private
Private Equity
Completed
Friendly
Single Bidder
Cross Border
Synopsis
Canada Pension Plan Investment Board, a professional investment management organization, and Ontario Municipal Employees Retirement System, a Canadian public pension fund, completed the acquisition of a minority stake in Odyssey, an underwriter of property and casualty treaty and facultative reinsurance, as well as specialty insurance from Fairfax Financial Holdings, a financial holding company, for $900m. After closing, Fairfax will retain the flexibility to repurchase the interests of OMERS and CPPIB Credit Investments in Odyssey Group over time.
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