Fairfax announces executive succession

Brian Young was named president of Fairfax Insurance Group, succeeding Andrew Barnard, who has taken up the role of chairman, effective Jan. 1, Toronto-based Fairfax Financial Holdings Ltd. said Friday.

Carl Overy has succeeded Mr. Young as CEO of Odyssey Group Holdings Inc., a subsidiary of Fairfax Financial, effective Jan. 1.

Mr. Young joined Stamford, Connecticut-based Odyssey Group in 1996 and was named CEO in 2011.

As CEO, Mr. Overy will lead Odyssey Re, Hudson Insurance Group and Newline Group, Odyssey Group’s three operating platforms.

Mr. Overy previously was CEO of Odyssey Re and prior to that was CEO of Newline and the London branch of Odyssey Re.