INVESTMENT AGREEMENTInvestment Agreement • March 31st, 2006 • Odyssey Re Holdings Corp • Fire, marine & casualty insurance • Delaware
THIS INVESTMENT AGREEMENT (this “Agreement”), dated as of January 1, 2003, is made by and between HAMBLIN WATSA INVESTMENT COUNSEL LTD. (“HW”), FAIRFAX FINANCIAL HOLDINGS LIMITED (“FFH”) and CLEARWATER INSURANCE COMPANY (f/k/a Odyssey Reinsurance Corporation) (“Clearwater”). As used in this Agreement, “we”, “us” and “our” shall refer to Clearwater, and “you” and “your” shall refer to HW and FFH jointly. This Agreement supersedes and replaces the Investment Management Agreements between Clearwater and HW dated May 11, 2001 and the Investment Administration Agreement between Clearwater and FFH dated May 11, 2001.
INVESTMENT AGREEMENTInvestment Agreement • March 31st, 2006 • Odyssey Re Holdings Corp • Fire, marine & casualty insurance
THIS INVESTMENT AGREEMENT (this “Agreement”), dated as of January 1, 2003, is made by and between HAMBLIN WATSA INVESTMENT COUNSEL LTD. (“HW”), FAIRFAX FINANCIAL HOLDINGS LIMITED (“FFH”) and NEWLINE UNDERWRITING MANAGEMENT LIMITED (“Newline”). As used in this Agreement, “we”, “us” and “our” shall refer to Newline, and “you” and “your” shall refer to HW and FFH jointly. This Agreement supersedes and replaces the Investment Management Agreements between Clearwater and HW dated May 11, 2001 and the Investment Administration Agreement between Clearwater and FFH dated February 16, 2001.
