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OdysseyRe Declares Dividends on Common Stock, and Series A and Series B Preferred Stock

^{Published on 2009-02-19 14:53:10, Last Modified on 2009-02-19 14:53:42 - Market Wire}
 

STAMFORD, Conn.--([ BUSINESS WIRE ])--Odyssey Re Holdings Corp. (NYSE: ORH) announced today that its Board of Directors declared a quarterly cash dividend of $0.075 per common share, payable on March 31, 2009 to common shareholders of record on March 17, 2009.

In addition, the Board of Directors declared cash dividends of $0.5078125 per share on OdysseyRe's 8.125% non-cumulative Series A preferred stock, and $0.2745313per share on OdysseyRe's floating rate non-cumulative Series B preferred stock. These dividends will be payable on April 20, 2009 to Series A and Series B preferred shareholders of record on March 31, 2009.

Odyssey Re Holdings Corp. is a leading worldwide underwriter of property and casualty treaty and facultative reinsurance, as well as specialty insurance. OdysseyRe operates through its subsidiaries, Odyssey America Reinsurance Corporation, Hudson Insurance Company, Hudson Specialty Insurance Company, Clearwater Insurance Company, Newline Underwriting Management Limited, Newline Asia Services Pte. Ltd. and Newline Insurance Company Limited. The Company underwrites through offices in the United States, London, Paris, Singapore, Toronto and Mexico City. Odyssey Re Holdings Corp. is listed on the New York Stock Exchange under the symbol, "ORH."