SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
AMENDMENT NO. 6 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
August 18, 2006
(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).
CUSIP No. 67612W108 13D Page 2 of 37 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 55,464,400
Owned by -----------------------------------------------------------------
Each (9) Sole Dispositive Power
Reporting
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)
IN
--------------------------------------------------------------------------------
2
CUSIP No. 67612W108 13D Page 3 of 37 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 (9) Sole Dispositive Power
Reporting
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
CUSIP NO. 67612W108 13D Page 4 of 37 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 (9) Sole Dispositive Power
Reporting
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
CUSIP NO. 67612W108 13D Page 5 of 37 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 (9) Sole Dispositive Power
Reporting
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
CUSIP NO. 67612W108 13D Page 6 of 37 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 (9) Sole Dispositive Power
Reporting
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
CUSIP No. 67612W108 13D Page 7 of 37 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 (9) Sole Dispositive Power
Reporting
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
CUSIP No. 67612W108 13D Page 8 of 37 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 (9) Sole Dispositive Power
Reporting
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
CUSIP NO. 67612W108 13D Page 9 of 37 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 3,900,000
Owned by -----------------------------------------------------------------
Each (9) Sole Dispositive Power
Reporting
Person With -----------------------------------------------------------------
(10) Shared Dispositive Power
3,900,000
--------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by each Reporting Person
3,900,000
--------------------------------------------------------------------------------
(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)
5.6
--------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions)
CO
--------------------------------------------------------------------------------
9
CUSIP NO. 67612W108 13D Page 10 of 37 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 46,200,000
Owned by -----------------------------------------------------------------
Each (9) Sole Dispositive Power
Reporting
Person With -----------------------------------------------------------------
(10) Shared Dispositive Power
46,200,000
--------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by each Reporting Person
46,200,000
--------------------------------------------------------------------------------
(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)
66.7
--------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions)
CO
--------------------------------------------------------------------------------
10
CUSIP NO. 67612W108 13D Page 11 of 37 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 46,200,000
Owned by -----------------------------------------------------------------
Each (9) Sole Dispositive Power
Reporting
Person With -----------------------------------------------------------------
(10) Shared Dispositive Power
46,200,000
--------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by each Reporting Person
46,200,000
--------------------------------------------------------------------------------
(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)
66.7
--------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions)
CO
--------------------------------------------------------------------------------
11
CUSIP NO. 67612W108 13D Page 12 of 37 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 3,916,841
Owned by -----------------------------------------------------------------
Each (9) Sole Dispositive Power
Reporting
Person With -----------------------------------------------------------------
(10) Shared Dispositive Power
3,916,841
--------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by each Reporting Person
3,916,841
--------------------------------------------------------------------------------
(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)
5.7
--------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions)
CO
--------------------------------------------------------------------------------
12
CUSIP No. 67612W108 13D Page 13 of 37 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 (9) Sole Dispositive Power
Reporting
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
CUSIP No. 67612W108 13D Page 14 of 37 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 (9) Sole Dispositive Power
Reporting
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. 6 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, Inc., TIG Insurance Company, and ORH
Holdings Inc., as amended by Amendment No. 1 thereto filed on March 7, 2003, by
Amendment No. 2 thereto filed on November 23, 2004, by Amendment No. 3 thereto
filed on October 12, 2005, by Amendment No. 4 thereto filed on December 27,
2005, and by Amendment No. 5 thereto filed on February 28, 2006 (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.
Amendment No. 3 to the Schedule 13D related to the purchase (the "2005
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.
Amendment No. 4 to the Schedule 13D related to the transfer (the "2005
Transfer") by TIG Insurance Company, a wholly-owned subsidiary of Fairfax, of
7,744,125 Shares to TIG Insurance Group, Inc., another wholly-owned subsidiary
of Fairfax, in exchange for all of the issued and outstanding shares of common
stock of Fairmont Specialty Group, Inc., another wholly-owned subsidiary of
Fairfax.
Amendment No. 5 to the Schedule 13D related to the purchase (the
"Purchase") by Fairfax Inc., a wholly-owned subsidiary of Fairfax, of 1,000,000
Shares from TIG Insurance Company, another wholly-owned subsidiary of Fairfax.
This Amendment No. 6 to the Schedule 13D relates to the purchase and
cancellation by a subsidiary of Fairfax of $23,480,000 aggregate principal
amount of New Exchangeable Notes.
The following amendments to Items 4, 5, 6 and 7 of the Schedule 13D
are hereby made.
15
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, the
2005 Purchase, the 2005 Transfer 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. In addition, see the description of the Note
Cancellation Agreement (defined below) in Item 6 below, pursuant to which
Intrepid (defined below) has agreed to use commercially reasonable efforts to
purchase Shares;
(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;
(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;
16
(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.
To the best knowledge of the Reporting Persons, the following persons
beneficially own approximately 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 22,881
Andrew A. Barnard 517,709
Anthony Griffiths 10,000
Brandon W. Sweitzer 4,750
Frank B. Bennett 4,050
The Shares shown above for James F. Dowd and Andrew A. Barnard include
Shares acquired pursuant to OdysseyRe's Employee Share Purchase Plan within the
last 60 days. Mr. Barnard has reported on Form 4 the disposition on July 3, 2006
of 17,981 Shares at a price of $25.25 per share, reflecting the disposition of
restricted shares to satisfy Mr. Barnard's tax liability.
(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.
17
(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.
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 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 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.
Pursuant to a note cancellation and purchase price adjustment
agreement, dated as of August 18, 2006, among Fairfax LLC, Fairfax, Intrepid and
Banc of America Securities LLC (the "Note Cancellation Agreement"), Fairfax LLC
purchased for cancellation from Intrepid $23,480,000 aggregate principal amount
of New Exchangeable Notes (the "Purchased Notes"). Fairfax LLC agreed to pay a
purchase price of $23,546,000 for the Purchased Notes, which purchase price is
subject to adjustment, as set forth in the Note Cancellation Agreement, to
reflect costs incurred by Intrepid and its affiliates in relation to the Note
Cancellation Agreement, including costs related
18
to the purchase by Intrepid of Shares that will be used to cover all or a
portion of any hedge maintained. Pursuant to the Note Cancellation Agreement,
Intrepid has agreed to use commercially reasonable efforts to purchase 1,000,000
Shares, on any securities exchange or privately. Intrepid has agreed to use good
faith efforts to effect such purchases of Shares in a manner that would, if
Intrepid were Fairfax LLC or an affiliated purchaser of Fairfax LLC, be subject
to the safe harbor provided by Rule 10b-18(b) under the Securities Exchange Act
of 1934, as amended, or otherwise in a manner that Intrepid, in its discretion,
believes is in compliance with applicable requirements. $9,392,000 aggregate
principal amount of New Exchangeable Notes was cancelled on May 26, 2006 and, as
a result, following the purchase and cancellation of the Purchased Notes by
Fairfax LLC pursuant to the Note Cancellation Agreement, $68,092,000 aggregate
principal amount of New Exchangeable Notes remains outstanding.
OdysseyRe has entered into a registration rights agreement with TIC
and ORH Holdings. The registration rights agreement includes rights to require
OdysseyRe to register the offer and sale of Shares held by TIC and ORH Holdings
on up to three different occasions. Each of TIC and ORH Holdings 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 TIC and ORH Holdings in up to three future
registration statements that OdysseyRe files with the Securities and Exchange
Commission. Under the agreement, OdysseyRe also provides TIC and ORH Holdings
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 of 1933, as
amended.
Messrs. Andrew A. Barnard, James F. Dowd, Frank B. Bennett, Anthony
Griffiths and Brandon W. Sweitzer have been granted stock options to purchase
Shares in the amount of 62,500, 15,000, 3,750, 5,000, 3,750, respectively, under
the OdysseyRe 2002 Stock Incentive Plan that have vested but which 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:
6.1 Joint filing agreement dated as of August 18, 2006 among 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, Inc., TIG Insurance
Company, ORH Holdings Inc., and United States Fire Insurance
Company.
19
6.2 Note Cancellation and Purchase Price Adjustment Agreement dated
as of August 18, 2006 among Fairfax Financial (US) LLC, Fairfax
Financial Holdings Limited, Intrepid Portfolios LLC and Banc of
America Securities LLC.
20
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 18th day of August, 2006.
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/ Paul Rivett
------------------------------------
Name: Paul Rivett
Title: Vice President
FFHL GROUP LTD.
By: /s/ V. Prem Watsa
------------------------------------
Name: V. Prem Watsa
Title: Vice President
FAIRFAX INC.
By: /s/ John K. Cassil
------------------------------------
Name: John K. Cassil
Title: Vice President
FAIRFAX FINANCIAL (US) LLC.
By: /s/ John K. Cassil
------------------------------------
Name: John K. Cassil
Title: President and Manager
TIG HOLDINGS, INC.
By: /s/ William J. Gillett
------------------------------------
Name: William J. Gillett
Title: President
TIG INSURANCE GROUP, INC.
By: /s/ William J. Gillett
------------------------------------
Name: William J. Gillett
Title: President
TIG INSURANCE COMPANY
By: /s/ William J. Gillett
------------------------------------
Name: William J. Gillett
Title: President
ORH HOLDINGS INC.
By: /s/ Ronald Schokking
------------------------------------
Name: Ronald Schokking
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, Inc.
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
24
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 WHICH SUCH
NAME 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
25
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 WHICH SUCH
NAME 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
26
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 WHICH SUCH
NAME 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
27
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 WHICH SUCH
NAME 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
Anthony Griffiths Independent Business Consultant Canadian
(Director) Toronto, Ontario, Canada
Brandon W. Sweitzer Senior Advisor to the President of the Chamber of United States
(Director) Commerce of The United States
1615 H Street, NW
Washington, DC 20062
Paul Murray President, Pine Smoke Investments Canadian
(Director) 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
Paul Rivett Vice President, Canadian
(Vice President) Fairfax Financial Holdings Limited
28
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 WHICH SUCH
NAME EMPLOYMENT IS CONDUCTED CITIZENSHIP
---- ----------------------------------------------- -----------
James F. Dowd President and Chief Executive Officer, United States
(Chairman) Fairfax Inc. 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 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
29
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 WHICH SUCH
NAME 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 Officer, United States
(Chairman, President and Chief Executive Fairfax Inc.
Officer) 300 First Stamford Place
Stamford, Connecticut 06902
John K. Cassil Vice President, United States
(Vice President, Treasurer and Director) Fairfax Inc.
300 First Stamford Place
Stamford, Connecticut 06902
Bradley P. Martin Vice President, Canadian
(Corporate Secretary) Fairfax Financial Holdings Limited
30
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 WHICH SUCH
NAME EMPLOYMENT IS CONDUCTED CITIZENSHIP
---- ------------------------------------------------- -----------
John K. Cassil Vice President, United States
(President and Manager) Fairfax Inc.
300 First Stamford Place
Stamford, Connecticut 06902
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
31
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 WHICH SUCH
NAME 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
Bradley P. Martin Vice President, Canadian
(Director) Fairfax Financial Holdings Limited
95 Wellington Street West
Suite 800
Toronto, Ontario M5J 2N7
Dennis C. Gibbs Chief Executive Officer and Director, United States
(Chief Executive Officer and Director) TIG Insurance Company
c/o Riverstone Resources
250 Commercial St.
Suite 5000
Manchester, New Hampshire 03101
William J. Gillett President and Director, United States
(President and Director) TIG Insurance Company
Michael J. Sluka Senior Vice President, Chief Financial Officer, United States
(Senior Vice President, Chief Financial Treasurer and Director,
Officer and Treasurer) TIG Insurance Company
32
ANNEX I
DIRECTORS AND EXECUTIVE OFFICERS OF
TIG INSURANCE GROUP, INC.
The following table sets forth certain information with respect to the
directors and executive officers of TIG Insurance Group, Inc.
PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT AND
THE NAME, PRINCIPAL BUSINESS AND ADDRESS OF ANY
CORPORATION OR OTHER ORGANIZATION IN WHICH SUCH
NAME EMPLOYMENT IS CONDUCTED CITIZENSHIP
---- ------------------------------------------------- -----------
William J. Gillett President and Director, United States
(President and Director) TIG Insurance Company
c/o Riverstone Resources LLC
250 Commercial St.
Suite 5000
Manchester, New Hampshire 03101
Dennis C. Gibbs Chief Executive Officer and Director, United States
(Chief Executive Officer, Director and TIG Insurance Company
Chairman)
Charles G. Ehrlich Senior Vice President, Secretary and General United States
(Senior Vice President, General Counsel Counsel,
and Secretary) Riverstone Claims Management LLC
250 Commercial Street, Suite 5000
Manchester, NH 03101
Michael J. Sluka Senior Vice President, Chief Financial Officer, United States
(Senior Vice President, Chief Financial Treasurer and Director,
Officer, Treasurer, and Director) TIG Insurance Company
33
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 WHICH SUCH
NAME EMPLOYMENT IS CONDUCTED CITIZENSHIP
---- ------------------------------------------------- -----------
Dennis C. Gibbs Chairman, Chief Executive Officer and Director, United States
(Chairman, Chief Executive Officer and TIG Insurance Company
Director) c/o Riverstone Resources LLC
250 Commercial St.
Suite 5000
Manchester, New Hampshire 03101
William J. Gillett President and Director, United States
(President and Director) TIG Insurance Company
Charles G. Ehrlich Senior Vice President, Secretary and General United States
(Senior Vice President and Director) 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, Secretary,
and 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 Officer, United States
(Senior Vice President, Chief Financial Treasurer and Director,
Officer, Treasurer and Director) TIG Insurance Company
34
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 WHICH SUCH
NAME 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
35
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 WHICH SUCH
NAME 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
305 Madison Avenue
Morristown, NJ 07962
Mary Jane Robertson Executive Vice President, Chief Financial Officer United States
(Executive Vice President, Chief and Treasurer,
Financial Officer, Treasurer and Crum & Forster Holdings Corp. and various other
Director) insurance subsidiaries
Dennis J. Hammer Senior Vice President and Controller, United States
(Senior Vice President and Controller) United States Fire Insurance Company
36
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
----------- -----------
6.1 Joint filing agreement dated as of August 18, 2006 among 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, Inc., TIG Insurance
Company, ORH Holdings Inc., and United States Fire Insurance
Company.
6.2 Note Cancellation and Purchase Price Adjustment Agreement dated as
of August 18, 2006 among Fairfax Financial (US) LLC, Fairfax
Financial Holdings Limited, Intrepid Portfolios LLC and Banc of
America Securities LLC.
37