2008-07-17 23:53:10 -

- Odyssey Re Holdings Corp. (NYSE: ORH) will release its second quarter 2008 earnings after the markets close on Thursday, July 31, 2008. Copies of the release will be available thereafter within the Investor Information section of the Company's web site at www.odysseyre.com.

A conference call to discuss the financial results will be held at 10:00 a.m. Eastern Daylight Saving Time on Friday, August 1, 2008.

A live audio webcast of the conference call will be available on the Odyssey Re Holdings Corp. web site (www.odysseyre.com). In addition, callers not able to access the Internet may listen to the conference call by dialing (888) 208-1379 (domestic) or (913) 981-5549 (international) and asking for the OdysseyRe call. A replay

of the call will be available from 12:00 p.m. Eastern Daylight Saving Time on Friday, August 1, 2008 until 11:59 p.m. Eastern Daylight Saving Time on Saturday, August 9, 2008. To access the replay, please call either (888) 203-1112 (domestic) or (719) 457-0820 (international); the passcode number is 1627904.

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 Latin America.

Odyssey Re Holdings Corp.
R. Scott Donovan, 203-977-0199
Chief Financial Officer