Fairfax Financial - Subsidiaries

Subsidiaries

• Odyssey Re based in Stamford, Connecticut, underwrites treaty and facultative reinsurance as well as specialty insurance business (100%-owned by Fairfax).
• Northbridge Financial based in Toronto, provides property and casualty insurance through its Commonwealth, Federated, Lombard and Markel subsidiaries, primarily in the Canadian market as well as in selected U.S. and international markets (100%-owned—Fairfax completed the privatization of Northbridge on January 13, 2009).
• Crum & Forster based in Morristown, New Jersey, is a property and casualty insurance company.
• Zenith Insurance Company based in Woodland Hills, California, is a wholly owned subsidiary of Fairfax. Zenith has been a specialist in workers' compensation insurance. Fairfax purchased 100% of Zenith National Insurance Corp for approximately $1.3 billion on May 20, 2010.
• Falcon Insurance based in Hong Kong, writes property and casualty insurance.
• First Capital based in Singapore, writes property and casualty insurance.
• The U.S. runoff group consists of TIG, International Insurance and the Fairmont entities
• The European runoff group RiverStone Insurance UK and Dublin, Ireland-based nSpire Re
• Hamblin Watsa Investment Counsel Ltd. HWIC was founded in 1984 and provides asset management for all of Fairfax's subsidiaries
• Cunningham Lindsey provides insurance claims services (43.6%-owned)
• MFXchange established in 2002, provides technology services for Fairfax and the insurance industry
• Group Re
• ICICI Lombard is a 74/26% joint venture between ICICI Bank Limited, India's second largest bank and Fairfax Financial