1137048--2/27/2009--ODYSSEY_RE_HOLDINGS_CORP

related topics
{financial, litigation, operation}
{operation, international, foreign}
{debt, indebtedness, cash}
{operation, natural, condition}
{loss, insurance, financial}
{condition, economic, financial}
{acquisition, growth, future}
{product, liability, claim}
{stock, price, share}
Unpredictable natural and man-made catastrophic events could cause unanticipated losses and reduce our net income. If we are unable to realize our investment objectives, our business, financial condition or results of operations may be adversely affected. Certain business practices of the insurance industry have become the subject of investigations by government authorities and the subject of class action litigation. Emerging claim and coverage issues could adversely affect our business. A change in demand for reinsurance and insurance could lead to reduced premium rates and less favorable contract terms, which could reduce our net income. Failure to comply with the covenants in our credit facility could have an adverse effect on our financial condition. We may be adversely affected by foreign currency fluctuations. Our business could be adversely affected as a result of political, regulatory, economic or other influences in the insurance and reinsurance industries. Risks Related to Our Common Shares

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