================================================================================
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
AMENDMENT NO. 2 TO
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Zenith National Insurance Corp.
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock $1.00 Par Value
--------------------------------------------------------------------------------
(Title of Class of Securities)
989390109
--------------------------------------------------------------------------------
(CUSIP Number)
Eric P. Salsberg
Vice President, Corporate Affairs
Fairfax Financial Holdings Limited
95 Wellington Street West, Suite 800
Toronto, Ontario, Canada, M5J 2N7
Telephone (416) 367-4941
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
- With a copy to -
Brice T. Voran
Shearman & Sterling
Commerce Court West
199 Bay Street, Suite 4405
Toronto, Ontario M5L 1E8
Telephone (416) 360-8484
March 21, 2003
--------------------------------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
================================================================================
CUSIP No. 989390109 Page 2 of Pages
--------------------------------------------------------------------------------
1 Name of Reporting Person
V. PREM WATSA
--------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3 SEC Use Only
--------------------------------------------------------------------------------
4 Source of Funds
WC
--------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required Pursuant
to Item 2(d) or 2(e) [ ]
--------------------------------------------------------------------------------
6 Citizenship or Place of Organization
CANADIAN
--------------------------------------------------------------------------------
7 Sole Voting Power
-----------------------------------------------------------------
Number of 8 Shared Voting Power
Shares
Beneficially 7,811,445
Owned by Each -----------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person
With
-----------------------------------------------------------------
10 Shared Dispositive Power
7,811,445
--------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
7,811,445
--------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount In Row (11) Excludes
Certain Shares (See Instructions) [ ]
--------------------------------------------------------------------------------
13 Percent of Class Represented by Amount In Row (11)
41.6% (see Item 5)
--------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
IN
--------------------------------------------------------------------------------
2
CUSIP No. 989390109 Page 3 of Pages
--------------------------------------------------------------------------------
1 Name of Reporting Person
1109519 ONTARIO LIMITED
--------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3 SEC Use Only
--------------------------------------------------------------------------------
4 Source of Funds
WC
--------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required Pursuant
to Item 2(d) or 2(e) [ ]
--------------------------------------------------------------------------------
6 Citizenship or Place of Organization
ONTARIO, CANADA
--------------------------------------------------------------------------------
7 Sole Voting Power
-----------------------------------------------------------------
Number of 8 Shared Voting Power
Shares
Beneficially 7,811,445
Owned by Each -----------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person
With
-----------------------------------------------------------------
10 Shared Dispositive Power
7,811,445
--------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
7,811,445
--------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount In Row (11) Excludes
Certain Shares (See Instructions) [ ]
--------------------------------------------------------------------------------
13 Percent of Class Represented by Amount In Row (11)
41.6% (see Item 5)
--------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
CO
--------------------------------------------------------------------------------
3
CUSIP No. 989390109 Page 4 of Pages
--------------------------------------------------------------------------------
1 Name of Reporting Person
THE SIXTY TWO INVESTMENT COMPANY LIMITED
--------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3 SEC Use Only
--------------------------------------------------------------------------------
4 Source of Funds
WC
--------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required Pursuant
to Item 2(d) or 2(e) [ ]
--------------------------------------------------------------------------------
6 Citizenship or Place of Organization
BRITISH COLUMBIA, CANADA
--------------------------------------------------------------------------------
7 Sole Voting Power
-----------------------------------------------------------------
Number of 8 Shared Voting Power
Shares
Beneficially 7,811,445
Owned by Each -----------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person
With
-----------------------------------------------------------------
10 Shared Dispositive Power
7,811,445
--------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
7,811,445
--------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount In Row (11) Excludes
Certain Shares (See Instructions) [ ]
--------------------------------------------------------------------------------
13 Percent of Class Represented by Amount In Row (11)
41.6% (see Item 5)
--------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
CO
--------------------------------------------------------------------------------
4
CUSIP No. 989390109 Page 5 of Pages
--------------------------------------------------------------------------------
1 Name of Reporting Person
810679 ONTARIO LIMITED
--------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3 SEC Use Only
--------------------------------------------------------------------------------
4 Source of Funds
WC
--------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required Pursuant
to Item 2(d) or 2(e) [ ]
--------------------------------------------------------------------------------
6 Citizenship or Place of Organization
ONTARIO, CANADA
--------------------------------------------------------------------------------
7 Sole Voting Power
-----------------------------------------------------------------
Number of 8 Shared Voting Power
Shares
Beneficially 7,811,445
Owned by Each -----------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person
With
-----------------------------------------------------------------
10 Shared Dispositive Power
7,811,445
--------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
7,811,445
--------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount In Row (11) Excludes
Certain Shares (See Instructions) [ ]
--------------------------------------------------------------------------------
13 Percent of Class Represented by Amount In Row (11)
41.6% (see Item 5)
--------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
CO
--------------------------------------------------------------------------------
5
CUSIP No. 989390109 Page 6 of Pages
--------------------------------------------------------------------------------
1 Name of Reporting Person
FAIRFAX FINANCIAL HOLDINGS LIMITED
--------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3 SEC Use Only
--------------------------------------------------------------------------------
4 Source of Funds
WC
--------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required Pursuant
to Item 2(d) or 2(e) [ ]
--------------------------------------------------------------------------------
6 Citizenship or Place of Organization
CANADA
--------------------------------------------------------------------------------
7 Sole Voting Power
-----------------------------------------------------------------
Number of 8 Shared Voting Power
Shares
Beneficially 7,811,445
Owned by Each -----------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person
With
-----------------------------------------------------------------
10 Shared Dispositive Power
7,811,445
--------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
7,811,445
--------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount In Row (11) Excludes
Certain Shares (See Instructions) [ ]
--------------------------------------------------------------------------------
13 Percent of Class Represented by Amount In Row (11)
41.6% (see Item 5)
--------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
CO
--------------------------------------------------------------------------------
6
CUSIP No. 989390109 Page 7 of Pages
--------------------------------------------------------------------------------
1 Name of Reporting Person
CRC (BERMUDA) REINSURANCE LIMITED
--------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3 SEC Use Only
--------------------------------------------------------------------------------
4 Source of Funds
WC
--------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required Pursuant
to Item 2(d) or 2(e) [ ]
--------------------------------------------------------------------------------
6 Citizenship or Place of Organization
BERMUDA
--------------------------------------------------------------------------------
7 Sole Voting Power
-----------------------------------------------------------------
Number of 8 Shared Voting Power
Shares
Beneficially 323,574
Owned by Each -----------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person
With
-----------------------------------------------------------------
10 Shared Dispositive Power
323,574
--------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
323,574
--------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount In Row (11) Excludes
Certain Shares (See Instructions) [ ]
--------------------------------------------------------------------------------
13 Percent of Class Represented by Amount In Row (11)
1.7%
--------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
CO
--------------------------------------------------------------------------------
7
CUSIP No. 989390109 Page 8 of Pages
--------------------------------------------------------------------------------
1 Name of Reporting Person
FFHL GROUP LTD.
--------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3 SEC Use Only
--------------------------------------------------------------------------------
4 Source of Funds
WC
--------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required Pursuant
to Item 2(d) or 2(e) [ ]
--------------------------------------------------------------------------------
6 Citizenship or Place of Organization
CANADA
--------------------------------------------------------------------------------
7 Sole Voting Power
-----------------------------------------------------------------
Number of 8 Shared Voting Power
Shares
Beneficially 7,487,871
Owned by Each -----------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person
With
-----------------------------------------------------------------
10 Shared Dispositive Power
7,487,871
--------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
7,487,871
--------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount In Row (11) Excludes
Certain Shares (See Instructions) [ ]
--------------------------------------------------------------------------------
13 Percent of Class Represented by Amount In Row (11)
39.9% (see Item 5)
--------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
CO
--------------------------------------------------------------------------------
8
CUSIP No. 989390109 Page 9 of Pages
--------------------------------------------------------------------------------
1 Name of Reporting Person
FAIRFAX INC.
--------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3 SEC Use Only
--------------------------------------------------------------------------------
4 Source of Funds
WC
--------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required Pursuant
to Item 2(d) or 2(e) [ ]
--------------------------------------------------------------------------------
6 Citizenship or Place of Organization
WYOMING
--------------------------------------------------------------------------------
7 Sole Voting Power
-----------------------------------------------------------------
Number of 8 Shared Voting Power
Shares
Beneficially 7,487,871
Owned by Each -----------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person
With
-----------------------------------------------------------------
10 Shared Dispositive Power
7,487,871
--------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
7,487,871
--------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount In Row (11) Excludes
Certain Shares (See Instructions) [ ]
--------------------------------------------------------------------------------
13 Percent of Class Represented by Amount In Row (11)
39.9% (see Item 5)
--------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
CO
--------------------------------------------------------------------------------
9
CUSIP No. 989390109 Page 10 of Pages
--------------------------------------------------------------------------------
1 Name of Reporting Person
TIG HOLDINGS, INC.
--------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3 SEC Use Only
--------------------------------------------------------------------------------
4 Source of Funds
WC
--------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required Pursuant
to Item 2(d) or 2(e) [ ]
--------------------------------------------------------------------------------
6 Citizenship or Place of Organization
DELAWARE
--------------------------------------------------------------------------------
7 Sole Voting Power
-----------------------------------------------------------------
Number of 8 Shared Voting Power
Shares
Beneficially 4,180,649
Owned by Each -----------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person
With
-----------------------------------------------------------------
10 Shared Dispositive Power
4,180,649
--------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
4,180,649
--------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount In Row (11) Excludes
Certain Shares (See Instructions) [ ]
--------------------------------------------------------------------------------
13 Percent of Class Represented by Amount In Row (11)
22.3% (see Item 5)
--------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
CO
--------------------------------------------------------------------------------
10
CUSIP No. 989390109 Page 11 of Pages
--------------------------------------------------------------------------------
1 Name of Reporting Person
TIG INSURANCE GROUP
--------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3 SEC Use Only
--------------------------------------------------------------------------------
4 Source of Funds
WC
--------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required Pursuant
to Item 2(d) or 2(e) [ ]
--------------------------------------------------------------------------------
6 Citizenship or Place of Organization
CALIFORNIA
--------------------------------------------------------------------------------
7 Sole Voting Power
-----------------------------------------------------------------
Number of 8 Shared Voting Power
Shares
Beneficially 4,180,649
Owned by Each -----------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person
With
-----------------------------------------------------------------
10 Shared Dispositive Power
4,180,649
--------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
4,180,649
--------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount In Row (11) Excludes
Certain Shares (See Instructions) [ ]
--------------------------------------------------------------------------------
13 Percent of Class Represented by Amount In Row (11)
22.3% (see Item 5)
--------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
CO
--------------------------------------------------------------------------------
11
CUSIP No. 989390109 Page 12 of Pages
--------------------------------------------------------------------------------
1 Name of Reporting Person
TIG INSURANCE COMPANY
--------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3 SEC Use Only
--------------------------------------------------------------------------------
4 Source of Funds
WC
--------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required Pursuant
to Item 2(d) or 2(e) [ ]
--------------------------------------------------------------------------------
6 Citizenship or Place of Organization
CALIFORNIA
--------------------------------------------------------------------------------
7 Sole Voting Power
-----------------------------------------------------------------
Number of 8 Shared Voting Power
Shares
Beneficially 2,966,449
Owned by Each -----------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person
With
-----------------------------------------------------------------
10 Shared Dispositive Power
2,966,449
--------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
2,966,449
--------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount In Row (11) Excludes
Certain Shares (See Instructions) [ ]
--------------------------------------------------------------------------------
13 Percent of Class Represented by Amount In Row (11)
15.8%
--------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
CO
--------------------------------------------------------------------------------
12
CUSIP No. 989390109 Page 13 of Pages
--------------------------------------------------------------------------------
1 Name of Reporting Person
ODYSSEY RE HOLDINGS CORP.
--------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3 SEC Use Only
--------------------------------------------------------------------------------
4 Source of Funds
WC
--------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required Pursuant
to Item 2(d) or 2(e) [ ]
--------------------------------------------------------------------------------
6 Citizenship or Place of Organization
DELAWARE
--------------------------------------------------------------------------------
7 Sole Voting Power
-----------------------------------------------------------------
Number of 8 Shared Voting Power
Shares
Beneficially 1,214,200
Owned by Each -----------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person
With
-----------------------------------------------------------------
10 Shared Dispositive Power
1,214,200
--------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
1,214,200
--------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount In Row (11) Excludes
Certain Shares (See Instructions) [ ]
--------------------------------------------------------------------------------
13 Percent of Class Represented by Amount In Row (11)
6.5% (see Item 5)
--------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
CO
--------------------------------------------------------------------------------
13
CUSIP No. 989390109 Page 14 of Pages
--------------------------------------------------------------------------------
1 Name of Reporting Person
ODYSSEY AMERICA REINSURANCE CORPORATION
--------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3 SEC Use Only
--------------------------------------------------------------------------------
4 Source of Funds
WC
--------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required Pursuant
to Item 2(d) or 2(e) [ ]
--------------------------------------------------------------------------------
6 Citizenship or Place of Organization
CONNECTICUT
--------------------------------------------------------------------------------
7 Sole Voting Power
-----------------------------------------------------------------
Number of 8 Shared Voting Power
Shares
Beneficially 1,214,200
Owned by Each -----------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person
With
-----------------------------------------------------------------
10 Shared Dispositive Power
1,214,200
--------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
1,214,200
--------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount In Row (11) Excludes
Certain Shares (See Instructions) [ ]
--------------------------------------------------------------------------------
13 Percent of Class Represented by Amount In Row (11)
6.5% (see Item 5)
--------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
CO
--------------------------------------------------------------------------------
14
CUSIP No. 989390109 Page 15 of Pages
--------------------------------------------------------------------------------
1 Name of Reporting Person
ODYSSEY REINSURANCE CORPORATION
--------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3 SEC Use Only
--------------------------------------------------------------------------------
4 Source of Funds
WC
--------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required Pursuant
to Item 2(d) or 2(e) [ ]
--------------------------------------------------------------------------------
6 Citizenship or Place of Organization
DELAWARE
--------------------------------------------------------------------------------
7 Sole Voting Power
-----------------------------------------------------------------
Number of 8 Shared Voting Power
Shares
Beneficially 1,150,000
Owned by Each -----------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person
With
-----------------------------------------------------------------
10 Shared Dispositive Power
1,150,000
--------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
1,150,000
--------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount In Row (11) Excludes
Certain Shares (See Instructions) [ ]
--------------------------------------------------------------------------------
13 Percent of Class Represented by Amount In Row (11)
6.1%
--------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
CO
--------------------------------------------------------------------------------
15
CUSIP No. 989390109 Page 16 of Pages
--------------------------------------------------------------------------------
1 Name of Reporting Person
CRUM & FORSTER HOLDING INC.
--------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3 SEC Use Only
--------------------------------------------------------------------------------
4 Source of Funds
WC
--------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required Pursuant
to Item 2(d) or 2(e) [ ]
--------------------------------------------------------------------------------
6 Citizenship or Place of Organization
DELAWARE
--------------------------------------------------------------------------------
7 Sole Voting Power
-----------------------------------------------------------------
Number of 8 Shared Voting Power
Shares
Beneficially 3,307,222
Owned by Each -----------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person
With
-----------------------------------------------------------------
10 Shared Dispositive Power
3,307,222
--------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
3,307,222
--------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount In Row (11) Excludes
Certain Shares (See Instructions) [ ]
--------------------------------------------------------------------------------
13 Percent of Class Represented by Amount In Row (11)
17.6%
--------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
CO
--------------------------------------------------------------------------------
16
CUSIP No. 989390109 Page 17 of Pages
--------------------------------------------------------------------------------
1 Name of Reporting Person
UNITED STATES FIRE INSURANCE COMPANY
--------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3 SEC Use Only
--------------------------------------------------------------------------------
4 Source of Funds
WC
--------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required Pursuant
to Item 2(d) or 2(e) [ ]
--------------------------------------------------------------------------------
6 Citizenship or Place of Organization
NEW YORK
--------------------------------------------------------------------------------
7 Sole Voting Power
-----------------------------------------------------------------
Number of 8 Shared Voting Power
Shares
Beneficially 3,287,222
Owned by Each -----------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person
With
-----------------------------------------------------------------
10 Shared Dispositive Power
3,287,222
--------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
3,287,222
--------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount In Row (11) Excludes
Certain Shares (See Instructions) [ ]
--------------------------------------------------------------------------------
13 Percent of Class Represented by Amount In Row (11)
17.5%
--------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
CO
--------------------------------------------------------------------------------
17
CUSIP No. 989390109 Page 18 of Pages
--------------------------------------------------------------------------------
1 Name of Reporting Person
THE NORTH RIVER INSURANCE COMPANY
--------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3 SEC Use Only
--------------------------------------------------------------------------------
4 Source of Funds
WC
--------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required Pursuant
to Item 2(d) or 2(e) [ ]
--------------------------------------------------------------------------------
6 Citizenship or Place of Organization
NEW JERSEY
--------------------------------------------------------------------------------
7 Sole Voting Power
-----------------------------------------------------------------
Number of 8 Shared Voting Power
Shares
Beneficially 20,000
Owned by Each -----------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person
With
-----------------------------------------------------------------
10 Shared Dispositive Power
20,000
--------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
20,000
--------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount In Row (11) Excludes
Certain Shares (See Instructions) [ ]
--------------------------------------------------------------------------------
13 Percent of Class Represented by Amount In Row (11)
0.1%
--------------------------------------------------------------------------------
14 Type of Reporting Person (See Instructions)
CO
--------------------------------------------------------------------------------
18
This Amendment No. 2 amends the Statement on Schedule 13D
filed with the Securities and Exchange Commission on July 6, 1999 by Fairfax
Financial Holdings Limited ("Fairfax"), Hamblin Watsa Investment Counsel Ltd.,
The Sixty Two Investment Company Limited and V. Prem Watsa relating to the
purchase of 6,574,445 shares (the "1999 Purchased Shares") of common stock, par
value $1.00 per share (the "Common Stock"), of Zenith National Insurance Corp.,
a Delaware insurance holding company ("Zenith"), pursuant to a Stock Purchase
Agreement dated as of June 25, 1999 between Fairfax and Reliance Insurance
Company, which Statement on Schedule 13D was amended by Amendment No. 1 to the
Statement on Schedule 13D (such schedule, as amended, being the "Schedule 13D")
relating to the Stock Purchase Agreement dated as of November 21, 2001 between
Odyssey Reinsurance Corporation, a Delaware corporation, and Zenith, providing
for the purchase and sale of 1,000,000 shares (the "2001 Purchased Shares") of
Common Stock of Zenith.
This Amendment No. 2 relates to the purchase (the
"Transaction") on March 21, 2003 by Odyssey America Reinsurance Corporation
("Odyssey America"), a Connecticut corporation, of $30,000,000 aggregate
principal amount of 5.75% convertible senior notes due 2023 of Zenith (the
"Senior Notes"), which Senior Notes are convertible, subject to certain
conditions described below in Item 5, into 1,200,000 shares of Common Stock of
Zenith.
The following amendments to Items 2, 3, 4, 5, 6 and 7 of the
Schedule 13D are hereby made.
ITEM 2. IDENTITY AND BACKGROUND
Item 2 of the Schedule 13D is hereby amended in its entirety
to read as follows:
"This statement is being jointly filed by the following
persons (collectively, the "Reporting Persons"):
1. V. Prem Watsa, an individual, is a citizen of Canada.
Mr. Watsa's business address is 95 Wellington Street
West, Suite 800, Toronto, Ontario, Canada, M5J 2N7;
2. 1109519 Ontario Limited ("1109519"), a corporation
incorporated under the laws of Ontario, is controlled
by V. Prem Watsa. The principal business of 1109519
is as an investment holding company. The principal
business address and principal office address of
1109519 is 95 Wellington Street West, Suite 800,
Toronto, Ontario, M5J 2N7;
3. The Sixty Two Investment Company Limited ("Sixty
Two"), a corporation incorporated under the laws of
British Columbia, is controlled by V. Prem Watsa. The
principal business of Sixty Two is as an investment
holding company. The principal business address and
principal office address of Sixty Two is 1600
Cathedral Place, 925 West Georgia St., Vancouver,
British Columbia, Canada, V6C 3L3;
19
4. 810679 Ontario Limited ("810679"), a corporation
incorporated under the laws of Ontario, is controlled
by V. Prem Watsa. The principal business of 810679 is
as an investment holding company. The principal
business address and principal office address of
810679 is 95 Wellington Street West, Suite 800,
Toronto, Ontario, Canada, M5J 2N7;
5. Fairfax, a corporation incorporated under the laws of
Canada, is controlled by Sixty Two, 1109519, and V.
Prem Watsa. Fairfax is a financial services holding
company. The principal business and principal office
address of Fairfax is 95 Wellington Street West,
Suite 800, Toronto, Ontario, Canada, M5J 2N7;
6. CRC (Bermuda) Reinsurance Limited ("CRC (Bermuda)"),
a corporation incorporated under the laws of Bermuda,
is a wholly-owned subsidiary of Fairfax. The
principal business of CRC (Bermuda) is reinsurance.
The principal business address and principal office
address of CRC (Bermuda) is c/o Westbrook Limited,
Richmond House, 12 Par-la-Ville Road, P.O. Box HM
1022 Hamilton, HM DX Bermuda.
7. FFHL Group Ltd., a corporation incorporated under the
laws of Canada, is a wholly-owned subsidiary of
Fairfax. The principal business of FFHL Group Ltd. is
as a holding company. The principal business address
and principal office address of FFHL Group Ltd. is 95
Wellington Street West, Suite 800, Toronto, Ontario,
Canada, M5J 2N7;
8. Fairfax Inc., a corporation incorporated under the
laws of Wyoming, is a wholly-owned subsidiary of
Fairfax. The principal business of Fairfax Inc. is as
a holding company. The principal business address and
principal office address of Fairfax Inc. is 305
Madison Avenue, Morristown, NJ 07962;
9. TIG Holdings, Inc., a corporation incorporated under
the laws of Delaware, is a wholly-owned subsidiary of
Fairfax. The principal business of TIG Holdings, Inc.
is as a holding company. The principal business
address and principal office address of TIG Holdings,
Inc. is 5205 North O'Connor Blvd., Irving, Texas
75039;
10. TIG Insurance Group, a corporation incorporated under
the laws of California, is a majority-owned
subsidiary of Fairfax. The principal business of TIG
Insurance Group is as a holding company. The
principal business address and principal office
address of TIG Insurance Group is 5205 North O'Connor
Blvd., Irving, Texas 75039;
11. TIG Insurance Company ("TIG"), a corporation
incorporated under the laws of California, is a
majority-owned subsidiary of Fairfax. The principal
business of TIG is property/casualty insurance. The
principal
20
business address and principal office address of TIG
is 5205 North O'Connor Blvd., Irving, Texas 75039;
12. Odyssey Re Holdings Corp. ("OdysseyRe"), a
corporation incorporated under the laws of Delaware,
is a majority-owned subsidiary of Fairfax. The
principal business of Odyssey Re Holdings Corp. is as
a holding company. The principal business address and
principal office address of Odyssey Re Holdings Corp.
is 140 Broadway, 39th Floor, New York, New York
10005;
13. Odyssey America, a corporation incorporated under the
laws of Connecticut, is a wholly-owned subsidiary of
Odyssey Re Holdings Corp. The principal business of
Odyssey America is reinsurance. The principal
business address and principal office address of
Odyssey America is 300 First Stamford Place,
Stamford, Connecticut 06902;
14. Odyssey Reinsurance Corporation, a corporation
incorporated under the laws of Delaware, is a
wholly-owned subsidiary of Odyssey America. The
principal business of Odyssey Reinsurance Corporation
is reinsurance. The principal business address and
principal office address of Odyssey Reinsurance
Corporation is 300 First Stamford Place, Stamford,
Connecticut 06902;
15. Crum & Forster Holding Inc., a corporation
incorporated under the laws of Delaware, is a
wholly-owned subsidiary of Fairfax. The principal
business of Crum & Forster Holding Inc. is as a
holding company. The principal business address and
principal office address of Crum & Forster Holdings,
Inc. is 305 Madison Avenue, P.O. Box 1943,
Morristown, New Jersey 07962;
16. United States Fire Insurance Company, a corporation
incorporated under the laws of New York, is a
wholly-owned subsidiary of Fairfax. The principal
business of United States Fire Insurance Company is
insurance. The principal business address and
principal office address of United States Fire
Insurance Company is 305 Madison Avenue, P.O. Box
1943, Morristown, New Jersey 07962; and
17. The North River Insurance Company, a corporation
incorporated under the laws of New Jersey, is a
wholly-owned subsidiary of Fairfax. The principal
business of The North River Insurance Company is
insurance. The principal business address and
principal office address of The North River Insurance
Company is 305 Madison Avenue, P.O. Box 1943,
Morristown, New Jersey 07962.
Neither the filing of this Schedule 13D nor the information
contained herein shall be deemed to constitute an affirmation by V. Prem Watsa,
1109519, Sixty Two, 810679, Fairfax, CRC (Bermuda), FFHL Group Ltd., Fairfax
Inc., TIG Holdings, Inc., TIG Insurance Group,
21
TIG, OdysseyRe, Odyssey America, Odyssey Reinsurance Corporation, Crum & Forster
Holding Inc., United States Fire Insurance Company or The North River Insurance
Company that such person is the beneficial owner of the shares of Common Stock
of Zenith referred to herein for purposes of Section 13(d) or 13(g) of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"), or for any
other purpose, and such beneficial ownership is expressly disclaimed.
The name, present principal occupation or employment and name,
principal business and address of any corporation or other organization in which
such employment is conducted and the citizenship of each director and executive
officer of each of the Reporting Persons (other than V. Prem Watsa, an
individual) are set forth in Annex A, B, C, D, E, F, G, H, I, J, K, L, M, N, O
or P, as the case may be, and such Annexes are incorporated herein by reference.
Pursuant to Rule 13d-1(k) under the Exchange Act, the
Reporting Persons have agreed to file jointly one statement with respect to
their ownership of the shares of Common Stock of Zenith.
During the last five years, none of the Reporting Persons,
and, to the best of each such Reporting Person's knowledge, none of the
executive officers or directors of such Reporting Person have been (a) convicted
in a criminal proceeding (excluding traffic violations or similar misdemeanors)
or (b) a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction and as a result of such proceeding was or is subject to a
judgment, decree or final order enjoining future violations of, or prohibiting
or mandating activities subject to, federal or state securities laws or finding
any violation with respect to such laws."
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Item 3 of the Schedule 13D is hereby amended in its entirety
to read as follows:
"The source of the funds for the purchase of the 1999
Purchased Shares was working capital, including available cash on hand. The
purchase price for the 1999 Purchased Shares was approximately $186,232,155.
The source of the funds for the purchase of the 2001 Purchased
Shares was working capital, including available cash on hand. The purchase price
for the 2001 Purchased Shares was approximately $25,000,000.
The source of the funds for the purchase of the Senior Notes
was working capital, including available cash on hand. The purchase price for
the Senior Notes was approximately $30,000,000."
ITEM 4. PURPOSE OF TRANSACTION
Item 4 of the Schedule 13D is hereby amended in its entirety
to read as follows:
22
"The shares of Common Stock of Zenith referred to herein and
the Senior Notes have been acquired by the Reporting Persons for investment
purposes and not for the purposes of, or in connection with, or as a participant
in, any transaction having the purpose of changing or influencing the control of
Zenith. In addition, Fairfax and Zenith have entered into a standstill agreement
dated as of June 30, 1999 (the "Original Standstill Agreement") as amended by
Amendment No. 1 to the Standstill Agreement dated March 21, 2003 (the
"Standstill Amendment", and together with the Original Standstill Agreement, the
"Standstill Agreement") which prohibits Fairfax, subject to the terms and
conditions set forth in the Standstill Agreement, from acquiring any additional
securities or assets of Zenith. The Transaction was consummated in accordance
with terms and conditions of the Standstill Agreement.
The Reporting Persons have the following plans and proposals:
(a) The Reporting Persons currently do not intend to acquire
or dispose of securities of Zenith, but may formulate plans to do so in the
future. The Reporting Persons intend to review, on a continuous basis, various
factors related to their direct or indirect investment, as the case may be, in
Zenith, including the price and availability of the securities of Zenith,
subsequent developments affecting Zenith's business, other investment and
business opportunities available to the Reporting Persons and general stock
market and economic conditions. Based upon these and other factors, the
Reporting Persons may decide to purchase additional securities of Zenith or may
decide in the future to sell all or part of their investment in Zenith;
(b) The Reporting Persons have no plans or proposals to cause
Zenith to enter into any extraordinary corporate transaction, such as a merger,
reorganization or liquidation of Zenith or any of its subsidiaries;
(c) The Reporting Persons have no plans or proposals to cause
Zenith or any of its subsidiaries to sell or transfer a material amount of
assets;
(d) The Reporting Persons have no plans or proposals which
would result in a change in the present board of directors or management of
Zenith, whether through a change in the number or term of directors or
otherwise;
(e) The Reporting Persons have no plans to make any material
change in the present capitalization or dividend policy of Zenith;
(f) The Reporting Persons have no plans or proposals to cause
Zenith to make any other material change in its business or corporate structure;
(g) The Reporting Persons have no plans or proposals to cause
Zenith to change its certificate of incorporation or bylaws or to take other
actions which may impede the acquisition of control of Zenith by any person;
(h) The Reporting Persons have no plans or proposals to cause
the shares of Common Stock of Zenith to be delisted from any securities exchange
or cease to be authorized to be quoted in an inter-dealer quotation system;
23
(i) The Reporting Persons have no plans or proposals to cause
the shares of Common Stock of Zenith to become eligible for termination of
registration pursuant to Section 12(g) of the Exchange Act; and
(j) The Reporting Persons have no plans or proposals to take
any actions similar to those enumerated above.
The descriptions in this Item 4 of the Standstill Agreement
are qualified in their entirety by reference to the Standstill Agreement, a copy
of which has been filed as an Exhibit to this Schedule 13D."
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Item 5 of the Schedule 13D is hereby amended in its entirety
to read as follows:
"(a) Based on the most recent information available, the
aggregate number and percentage of the shares of Common Stock of Zenith (the
securities identified pursuant to Item 1 of this Schedule 13D) that are
beneficially owned by each of the Reporting Persons are set forth in boxes 11
and 13 of the second part of the cover page to this Schedule 13D for each of the
Reporting Persons, and such information is incorporated herein by reference.
The Senior Notes are convertible at any time prior to March
30, 2023 following the occurrence of any of the following events: (i) during any
fiscal quarter (beginning with the third quarter of 2003) if the sale price of
Zenith's Common Stock for at least 20 trading days in the 30 trading-day period
ending on the last trading day of the immediately preceding fiscal quarter
exceeds 120% of the conversion price on that 30th trading day; (ii) after the
30th day following the initial issuance of the Senior Notes, if, and so long as,
the Senior Notes are rated by Standard & Poor's Rating Services below "BB-" (or
an equivalent successor rating), or the credit rating assigned to the Senior
Notes is suspended or withdrawn; (iii) if Zenith has called the Senior Notes for
redemption; or (iv) upon the occurrence of certain corporate events.
If the Senior Notes were convertible into shares of Common Stock of Zenith as of
the date of the filing of this Schedule 13D at the conversion rate then
applicable, the following Reporting Persons would be deemed to beneficially own,
as of such date, the aggregate number and percentage of the shares of Common
Stock of Zenith set forth below.
Aggregate Amount Percent of Class Represented
Name of Reporting Person Beneficially Owned by Such Amount
------------------------ ------------------ ----------------------------
Odyssey America, OdysseyRe 2,414,200 12.1%
TIG Insurance Group, 5,380,649 26.9%
TIG Holdings, Inc.
Fairfax Inc., FFHL Group Ltd. 8,687,871 43.5%
Fairfax, 810679, Sixty Two, 9,011,445 45.1%
1109519, V. Prem Watsa
(b) The numbers of shares of Common Stock of Zenith as to
which each of the Reporting Persons has sole voting power, shared voting power,
sole dispositive power and shared dispositive power are set forth in boxes 7, 8,
9 and 10, respectively, on the second part of the cover page to this Schedule
13D for each of the Reporting Persons, and such information is incorporated
herein by reference.
(c) Except as described herein, none of the Reporting Persons,
nor, to the best knowledge of the Reporting Persons, any person listed in Annex
A, B, C, D, E, F, G, H, I, J, K, L, M, N, O or P, beneficially owns, or during
the last 60 days has acquired or disposed of, any shares of Common Stock of
Zenith.
24
(d) No person is known to have the right to receive or the
power to direct the receipt of dividends from, or the proceeds from the sale of,
shares of Common Stock of Zenith held by the Reporting Persons other than each
of the Reporting Persons.
(e) Not applicable."
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER
Item 6 of the Schedule 13D is hereby amended in its entirety
to read as follows:
Except as described in this Schedule 13D, none of the persons
named in Item 2, nor to the best knowledge of each of the Reporting Persons any
person listed in Annex A, B, C, D, E, F, G, H, I, J, K, L, M, N, O or P, has any
contract, arrangement, understanding or relationship (legal or otherwise) with
any person with respect to any securities of Zenith, including, but not limited
to, transfer or voting of any securities, finder's fees, joint ventures, loan or
option arrangements, puts or calls, guarantees of profits, division of profits
or loss, or the giving or withholding of proxies.
In connection with the Transaction, each of Fairfax and
Odyssey Re has entered into a lock-up agreement dated March 20, 2003 and March
18, 2003, respectively (together, the "Lock-up Agreements"). The Lock-up
Agreements restrict the ability of Fairfax, OdysseyRe, and entities under the
control of either of them to directly or indirectly (without the prior written
consent of Banc of America Securities LLC, Merrill Lynch & Co. and Merrill
Lynch, Pierce, Fenner & Smith Incorporated) transfer shares of, or securities
convertible into shares of, Common Stock of Zenith for the period commencing on
the date of the agreement and ending 90 days following March 18, 2003; provided,
however, that transfers of shares of Common Stock of Zenith may be made to
entities wholly-owned by Fairfax or OdysseyRe.
Further, Fairfax has entered into a Proxy Agreement dated
March 28, 2002 (the "Proxy Agreement") appointing John Clark (the "Trustee") as
its proxy with respect to all matters for which Fairfax and all of its
subsidiary corporations have the right to vote shares of Common Stock of Zenith.
Under the Proxy Agreement, the Trustee shall vote such shares in the same
proportion as the vote ultimately cast by all other voting shareholders. In the
event that a proxy contest not supported by management occurs while the
Standstill Agreement remains in effect, the Trustee shall vote as recommended by
management of Zenith.
Fairfax has also agreed to the Standstill Amendment which
extends Fairfax's covenants and agreements contained in the Original Standstill
Agreement until the earlier of (i) December 31, 2006 or (ii) the date on which
Stanley R. Zax is no longer the full-time President and Chairman of the Board of
Directors of Zenith.
The descriptions in this Item 6 of the Lock-up Agreements, the
Proxy Agreement, the Standstill Amendment and the Original Standstill Agreement
are qualified in their entirety by reference to the Lock-up Agreements, the
Proxy Agreement, the Standstill Amendment and the Original Standstill Agreement,
copies of which have been filed as exhibits to this Schedule 13D.
25
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Item 7 of the Schedule 13D is hereby amended by the addition
of the following exhibits to the end thereof:
"2.5 Joint Filing Agreement dated as of March 21, 2003
between V. Prem Watsa, 1109519 Ontario Limited, The
Sixty Two Investment Company Limited, 810679 Ontario
Limited, Fairfax Financial Holdings Limited., CRC
(Bermuda) Reinsurance Limited, FFHL Group Ltd.,
Fairfax Inc., TIG Holdings, Inc., TIG Insurance
Group, TIG Insurance Company, Odyssey Re Holdings
Corp., Odyssey America Reinsurance Corporation,
Odyssey Reinsurance Corporation, Crum & Forster
Holding Inc., United States Fire Insurance Company,
and The North River Insurance Company.
2.6 Proxy Agreement dated March 28, 2002 of Fairfax
Financial Holdings Limited.
2.7 Lock-up Agreement dated March 20, 2003 of Fairfax
Financial Holdings Limited.
2.8 Lock-up Agreement dated March 18, 2003 of Odyssey Re
Holdings Corp.
2.9 Amendment No. 1 to Standstill Agreement dated March
21, 2003 between Fairfax Financial Holdings Limited
and Zenith National Insurance Corp."
26
SIGNATURE
After reasonable inquiry and to the best of the undersigned's
knowledge and belief, the undersigned certifies that the information set forth
in this Schedule 13D with respect to the undersigned is true, complete and
correct.
IN WITNESS WHEREOF, the undersigned has executed this Schedule
13D as of the 21st day of March, 2003.
V. Prem Watsa
/s/ V. Prem Watsa
----------------------------------------
1109519 Ontario Limited
By: /s/ V. Prem Watsa
-----------------------------------
Name: V. Prem Watsa
Title: President
The Sixty Two Investment Company Limited
By: /s/ V. Prem Watsa
-----------------------------------
Name: V. Prem Watsa
Title: President
810679 Ontario Limited
By: /s/ V. Prem Watsa
-----------------------------------
Name: V. Prem Watsa
Title: President
27
Fairfax Financial Holdings Limited
By: /s/ Eric P. Salsberg
-----------------------------------
Name: Eric P. Salsberg
Title: Vice President,
Corporate Affairs
CRC (Bermuda) Reinsurance Limited
By: /s/ Ronald Schokking
-----------------------------------
Name: Ronald Schokking
Title: Vice President
FFHL Group Ltd.
By: /s/ Eric P. Salsberg
-----------------------------------
Name: Eric P. Salsberg
Title: Vice President
Fairfax Inc.
By: /s/ Eric P. Salsberg
-----------------------------------
Name: Eric P. Salsberg
Title: Vice President
28
TIG Holdings, Inc.
By: /s/ Eric P. Salsberg
-----------------------------------
Name: Eric P. Salsberg
Title: Vice President
TIG Insurance Group
By: /s/ Scott Donovan
-----------------------------------
Name: Scott Donovan
Title: President
TIG Insurance Company
By: /s/ Scott Donovan
-----------------------------------
Name: Scott Donovan
Title: President
Odyssey Re Holdings Corp.
By: /s/ Donald L. Smith
-----------------------------------
Name: Donald L. Smith
Title: Senior Vice President,
General Counsel and
Corporate Secretary
29
Odyssey America Reinsurance Corporation
By: /s/ Donald L. Smith
-----------------------------------
Name: Donald L. Smith
Title: Senior Vice President
Odyssey Reinsurance Corporation
By: /s/ Donald L. Smith
-----------------------------------
Name: Donald L. Smith
Title: Senior Vice President
Crum & Forster Holding Inc.
By: /s/ Mary Jane Robertson
-----------------------------------
Name: Mary Jane Robertson
Title: Executive Vice President,
Treasurer & Chief Financial
Officer
United States Fire Insurance Company
By: /s/ Mary Jane Robertson
-----------------------------------
Name: Mary Jane Robertson
Title: Executive Vice President,
Treasurer & Chief Financial
Officer
30
The North River Insurance Company
By: /s/ Mary Jane Robertson
-----------------------------------
Name: Mary Jane Robertson
Title: Executive Vice President,
Treasurer & Chief Financial
Officer
31
ANNEX INDEX
ANNEX DESCRIPTION
----- -----------
A Directors and Executive Officers of 1109519 Ontario Limited
B Directors and Executive Officers of The Sixty Two Investment Company
Limited
C Directors and Executive Officers of 810679 Ontario Limited
D Directors and Executive Officers of Fairfax Financial Holdings Limited
E Directors and Executive Officers of CRC (Bermuda) Reinsurance Limited
F Directors and Executive Officers of FFHL Group Ltd.
G Directors and Executive Officers of Fairfax Inc.
H Directors and Executive Officers of TIG Holdings, Inc.
I Directors and Executive Officers of TIG Insurance Group
J Directors and Executive Officers of TIG Insurance Company
K Directors and Executive Officers of Odyssey Re Holdings Corp.
L Directors and Executive Officers of Odyssey America Reinsurance
Corporation
M Directors and Executive Officers of Odyssey Reinsurance Corporation
N Directors and Executive Officers of Crum & Forster Holding Inc.
O Directors and Executive Officers of United States Fire Insurance
Company
P Directors and Executive Officers of The North River Insurance Company
32
ANNEX A
DIRECTORS AND EXECUTIVE OFFICERS OF
1109519 ONTARIO LIMITED
The following table sets forth certain information with
respect to the directors and executive officers of 1109519 Ontario Limited.
PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT
AND THE NAME, PRINCIPAL BUSINESS AND ADDRESS
OF ANY CORPORATION OR OTHER ORGANIZATION IN
NAME WHICH SUCH EMPLOYMENT IS CONDUCTED CITIZENSHIP
---- -------------------------------------------- -----------
V. Prem Watsa Chairman and Chief Executive Officer, Canadian
(President and Director) Fairfax Financial Holdings Limited
95 Wellington Street West
Suite 800
Toronto, Ontario M5J 2N7
Eric P. Salsberg Vice President, Corporate Affairs, Fairfax Canadian
(Assistant Secretary and Director) Financial Holdings Limited
33
ANNEX B
DIRECTORS AND EXECUTIVE OFFICERS OF
THE SIXTY TWO INVESTMENT COMPANY LIMITED
The following table sets forth certain information with
respect to the directors and executive officers of The Sixty Two Investment
Company Limited.
PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT
AND THE NAME, PRINCIPAL BUSINESS AND ADDRESS
OF ANY CORPORATION OR OTHER ORGANIZATION IN
NAME WHICH SUCH EMPLOYMENT IS CONDUCTED CITIZENSHIP
---- -------------------------------------------- -----------
Winslow W. Bennett President, Winwood Holdings Ltd. Canadian
(Chairman) 505 Burrard Street
Suite 1880
Vancouver, British Columbia
V7X 1M6
V. Prem Watsa Chairman and Chief Executive Officer, Canadian
(President and Director) Fairfax Financial Holdings Limited
95 Wellington Street West
Suite 800
Toronto, Ontario M5J 2N7
Eric P. Salsberg Vice President, Corporate Affairs, Fairfax Canadian
(Assistant Secretary and Director) Financial Holdings Limited
34
ANNEX C
DIRECTORS AND EXECUTIVE OFFICERS OF
810679 ONTARIO LIMITED
The following table sets forth certain information with
respect to the directors and executive officers of 810679 Ontario Limited.
PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT
AND THE NAME, PRINCIPAL BUSINESS AND ADDRESS
OF ANY CORPORATION OR OTHER ORGANIZATION IN
NAME WHICH SUCH EMPLOYMENT IS CONDUCTED CITIZENSHIP
---- -------------------------------------------- -----------
Winslow W. Bennett President, Winwood Holdings Ltd. Canadian
(Chairman) 505 Burrard Street
Suite 1880
Vancouver, British Columbia
V7X 1M6
V. Prem Watsa Chairman and Chief Executive Officer, Canadian
(President and Director) Fairfax Financial Holdings Limited
95 Wellington Street West
Suite 800
Toronto, Ontario M5J 2N7
Eric P. Salsberg Vice President, Corporate Affairs, Fairfax Canadian
(Assistant Secretary and Director) Financial Holdings Limited
35
ANNEX D
DIRECTORS AND EXECUTIVE OFFICERS OF
FAIRFAX FINANCIAL HOLDINGS LIMITED
The following table sets forth certain information with
respect to the directors and executive officers of Fairfax Financial Holdings
Limited.
PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT
AND THE NAME, PRINCIPAL BUSINESS AND ADDRESS
OF ANY CORPORATION OR OTHER ORGANIZATION IN
NAME WHICH SUCH EMPLOYMENT IS CONDUCTED CITIZENSHIP
---- -------------------------------------------- -----------
V. Prem Watsa Chairman and Chief Executive Officer, Fairfax Canadian
(Chairman and Chief Executive Officer) Financial Holdings Limited
95 Wellington Street West
Suite 800
Toronto, Ontario M5J 2N7
Winslow W. Bennett President, Winwood Holdings Ltd. Canadian
(Director) 505 Burrard Street, Suite 1880
Vancouver, British Columbia
V7X 1M6
Robbert Hartog President, Robhar Investments Ltd. Canadian
(Director) R.R. #1
Perkinsfield, Ontario L0L 2J0
Anthony Griffiths Independent Business Consultant Canadian
(Director) Toronto, Ontario, Canada
Trevor J. Ambridge Vice President and Chief Canadian
(Vice President and Chief Financial Officer) Financial Officer, Fairfax
Financial Holdings Limited
Eric P. Salsberg Vice President, Corporate Affairs, Canadian
(Vice President, Corporate Affairs) Fairfax Financial Holdings Limited
36
ANNEX E
DIRECTORS AND EXECUTIVE OFFICERS OF
CRC (BERMUDA) REINSURANCE LIMITED
The following table sets forth certain information with
respect to the directors and executive officers of CRC (Bermuda) Reinsurance
Limited.
PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT AND
THE NAME, PRINCIPAL BUSINESS AND ADDRESS OF
ANY CORPORATION OR OTHER ORGANIZATION IN WHICH
NAME SUCH EMPLOYMENT IS CONDUCTED CITIZENSHIP
---- ---------------------------------------------- -----------
Sam Chan Vice President Canadian
(Director and President) Fairfax Financial Holdings Limited
95 Wellington Street West, Ste. 800
Toronto, ON
Charles Collis Attorney British/Bermudian
(Director) Conyers Dill & Pearman
Clarendon House, Church Street
Hamilton, Bermuda
Christopher Garrod Attorney British/Bermudian
(Director) Conyers Dill & Pearman
Clarendon House, Church Street
Hamilton, Bermuda
Ronald Schokking Vice President, Finance Canadian
(Director, Vice President and Treasurer) Fairfax Financial Holdings Limited
Bradley P. Martin Vice President Canadian
(Vice President) Fairfax Financial Holdings Limited
Eric P. Salsberg Vice President, Corporate Affairs Canadian
(Vice President) Fairfax Financial Holdings Limited
37
ANNEX F
DIRECTORS AND EXECUTIVE OFFICERS OF
FFHL GROUP LTD.
The following table sets forth certain information with
respect to the directors and executive officers of FFHL Group Ltd.
PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT
AND THE NAME, PRINCIPAL BUSINESS AND ADDRESS
OF ANY CORPORATION OR OTHER ORGANIZATION IN
NAME WHICH SUCH EMPLOYMENT IS CONDUCTED CITIZENSHIP
---- -------------------------------------------- -----------
James F. Dowd President and Chief Executive Officer, United States
(Chairman) Fairfax Inc.
305 Madison Avenue
Morristown, NJ 07962
Eric P. Salsberg Vice President, Corporate Affairs, Canadian
(Vice President and Director) Fairfax Financial Holdings Limited
95 Wellington Street West
Suite 800
Toronto, Ontario M5J 2N7
Bradley P. Martin Vice President, Canadian
(Vice President and Director) Fairfax Financial Holdings Limited
V. Prem Watsa Chairman and Chief Executive Officer, Canadian
(Vice President and Director) Fairfax Financial Holdings Limited
Roland W. Jackson Vice President and Director, United States
(Executive Vice President and Chief Financial Fairfax Inc.
Officer)
38
ANNEX G
DIRECTORS AND EXECUTIVE OFFICERS OF
FAIRFAX INC.
The following table sets forth certain information with
respect to the directors and executive officers of Fairfax Inc.
PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT
AND THE NAME, PRINCIPAL BUSINESS AND ADDRESS
OF ANY CORPORATION OR OTHER ORGANIZATION IN
NAME WHICH SUCH EMPLOYMENT IS CONDUCTED CITIZENSHIP
---- -------------------------------------------- -----------
Eric P. Salsberg Vice President, Corporate Affairs, Canadian
(Vice President and Director) Fairfax Financial Holdings Limited
95 Wellington Street West
Suite 800
Toronto, Ontario M5J 2N7
James F. Dowd President and Chief Executive Officer, United States
(President, Chief Executive Officer and Director) Fairfax Inc.
305 Madison Avenue
Morristown, NJ 07962
Ronald Schokking Vice President, Canadian
(Vice President, Treasurer and Director) Fairfax Financial Holdings Limited
Roland W. Jackson Vice President and Director, United States
(Vice President and Director) Fairfax Inc.
39
ANNEX H
DIRECTORS AND EXECUTIVE OFFICERS OF
TIG HOLDINGS, INC.
The following table sets forth certain information with
respect to the directors and executive officers of TIG Holdings, Inc.
PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT
AND THE NAME, PRINCIPAL BUSINESS AND ADDRESS
OF ANY CORPORATION OR OTHER ORGANIZATION IN
NAME WHICH SUCH EMPLOYMENT IS CONDUCTED CITIZENSHIP
---- -------------------------------------------- -----------
V. Prem Watsa Chairman and Chief Executive Officer, Canadian
(Chairman and Director) Fairfax Financial Holdings Limited
95 Wellington Street West
Suite 800
Toronto, Ontario M5J 2N7
Trevor J. Ambridge Vice President and Chief Canadian
(Director) Financial Officer,
Fairfax Financial Holdings Limited
Michael A. Coutu Chairman, TIG Insurance Company, United States
(Director) 5205 North O'Connor Blvd.
Irving, Texas 75039
Dennis C. Gibbs Chief Executive Officer and Director, United States
(Chief Executive Officer and Director) TIG Insurance Company
R. Scott Donovan President and Director, United States
(President and Director) TIG Insurance Company
Michael J. Sluka Senior Vice President, Chief Financial United States
(Senior Vice President, Chief Financial Officer, Officer, Treasurer and Director,
and Treasurer) TIG Insurance Company
40
ANNEX I
DIRECTORS AND EXECUTIVE OFFICERS OF
TIG INSURANCE GROUP
The following table sets forth certain information with
respect to the directors and executive officers of TIG Insurance Group.
PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT
AND THE NAME, PRINCIPAL BUSINESS AND ADDRESS
OF ANY CORPORATION OR OTHER ORGANIZATION IN
NAME WHICH SUCH EMPLOYMENT IS CONDUCTED CITIZENSHIP
---- -------------------------------------------- -----------
Michael A. Coutu Chairman, United States
(Chairman and Director) TIG Insurance Company
5205 North O'Connor Blvd.,
Irving, Texas 75039
R. Scott Donovan President and Director, United States
(President and Director) TIG Insurance Company
Dennis C. Gibbs Chief Executive Officer and Director, United States
(Chief Executive Officer and Director) TIG Insurance Company
William J. Gillett Senior Vice President, General Counsel, United States
(Senior Vice President, General Counsel, Secretary, and Director,
Secretary, and Director) TIG Insurance Company
Michael J. Sluka Senior Vice President, Chief Financial United States
(Senior Vice President, Chief Financial Officer, Officer, Treasurer and Director,
Treasurer, and Director) TIG Insurance Company
41
ANNEX J
DIRECTORS AND EXECUTIVE OFFICERS OF
TIG INSURANCE COMPANY
The following table sets forth certain information with
respect to the directors and executive officers of TIG Insurance Company.
PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT
AND THE NAME, PRINCIPAL BUSINESS AND ADDRESS
OF ANY CORPORATION OR OTHER ORGANIZATION IN
NAME WHICH SUCH EMPLOYMENT IS CONDUCTED CITIZENSHIP
---- -------------------------------------------- -----------
Michael A. Coutu Chairman, United States
(Chairman and Director) TIG Insurance Company
5205 North O'Connor Blvd.,
Irving, Texas 75039
R. Scott Donovan President and Director, United States
(President and Director) TIG Insurance Company
Charles G. Ehrlich Senior Vice President and Director, United States
(Senior Vice President and Director) TIG Insurance Company
Dennis C. Gibbs Chief Executive Officer and Director, United States
(Chief Executive Officer and Director) TIG Insurance Company
William J. Gillett Senior Vice President, General Counsel, United States
(Senior Vice President, General Counsel, Secretary, and Director,
Secretary, and Director) TIG Insurance Company
Robert L. Gossett Senior Vice President and Director, United States
(Senior Vice President and Director) TIG Insurance Company
Michael J. Sluka Senior Vice President, Chief Financial United States
(Senior Vice President, Chief Financial Officer, Officer, Treasurer and Director,
Treasurer and Director) TIG Insurance Company
42
ANNEX K
DIRECTORS AND EXECUTIVE OFFICERS OF
ODYSSEY RE HOLDINGS CORP.
The following table sets forth certain information with
respect to the directors and executive officers of Odyssey Re Holdings Corp.
PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT
AND THE NAME, PRINCIPAL BUSINESS AND ADDRESS
OF ANY CORPORATION OR OTHER ORGANIZATION IN
NAME WHICH SUCH EMPLOYMENT IS CONDUCTED CITIZENSHIP
---- -------------------------------------------- -----------
V. Prem Watsa Chairman and Chief Executive Officer, Fairfax Canadian
(Chairman) Financial Holdings Limited
95 Wellington Street West
Suite 800
Toronto, Ontario M5J 2N7
James F. Dowd President and Chief Executive Officer, United States
(Vice Chairman) Fairfax Inc.
305 Madison Avenue
Morristown, NJ 07962
Andrew Barnard President and Chief Executive Officer, United States
(President and Chief Executive Officer) Odyssey Re Holdings Corp.
140 Broadway Avenue
39th Floor
New York, NY 10005
Michael G. Wacek Executive Vice President, United States
(Executive Vice President) Odyssey Re Holdings Corp.
Charles D. Troiano Executive Vice President and Chief Financial United States
(Executive Vice President and Chief Financial Officer,
Officer) Odyssey Re Holdings Corp.
Anthony J. Narciso, Jr. Senior Vice President and Controller, United States
(Senior Vice President and Controller) Odyssey Re Holdings Corp.
43
PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT
AND THE NAME, PRINCIPAL BUSINESS AND ADDRESS
OF ANY CORPORATION OR OTHER ORGANIZATION IN
NAME WHICH SUCH EMPLOYMENT IS CONDUCTED CITIZENSHIP
---- -------------------------------------------- -----------
Donald L. Smith Senior Vice President, United States
(Senior Vice President, General Counsel and General Counsel and Corporate Secretary,
Corporate Secretary ) Odyssey Re Holdings Corp.
Winslow W. Bennett President, Winwood Holdings Ltd. Canadian
(Director) 505 Burrard Street, Suite 1880
Vancouver, British Columbia
V7X 1M6
Anthony F. Griffiths Independent Consultant and Corporate Director, Canadian
(Director) 95 Wellington Street West
Suite 800
Toronto, Ontario M5J 2N7
Robbert Hartog President, Robhar Investments Ltd. Canadian
(Director) R.R. #1
Perkinsfield, Ontario L0L 2J0
Brandon W. Sweitzer Senior Advisor, United States
(Director) Marsh & McLennan Companies, Inc.
1166 Avenue of the Americas
New York, New York 10036
44
ANNEX L
DIRECTORS AND EXECUTIVE OFFICERS OF
ODYSSEY AMERICA REINSURANCE CORPORATION
The following table sets forth certain information with
respect to the directors and executive officers of Odyssey America Reinsurance
Corporation.
PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT
AND THE NAME, PRINCIPAL BUSINESS AND ADDRESS
OF ANY CORPORATION OR OTHER ORGANIZATION IN
NAME WHICH SUCH EMPLOYMENT IS CONDUCTED CITIZENSHIP
---- -------------------------------------------- -----------
Andrew A. Barnard President and Chief Executive Officer, United States
(Chief Executive Officer and Director) Odyssey Re Holdings Corp.
140 Broadway Avenue, 39th Floor
New York, NY 10005
James F. Dowd President and Chief Executive Officer, United States
(Director) Fairfax Inc.
305 Madison Avenue
Morristown, NJ 07962
Mark W. Hinkley Executive Vice President, United States
(Executive Vice President and Director) Odyssey America Reinsurance Corporation
300 First Stamford Place
Stamford, CT 06902
James E. Migliorini Senior Vice President, United States
(Senior Vice President and Director) Odyssey America Reinsurance Corporation
Donald L. Smith Senior Vice President, General Counsel and United States
(Senior Vice President and General Legal Counsel Corporate Secretary,
and Director) Odyssey Re Holdings Corp.
Michael G. Wacek Executive Vice President, United States
(President and Director) Odyssey Re Holdings Corp.
45
PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT
AND THE NAME, PRINCIPAL BUSINESS AND ADDRESS
OF ANY CORPORATION OR OTHER ORGANIZATION IN
NAME WHICH SUCH EMPLOYMENT IS CONDUCTED CITIZENSHIP
---- -------------------------------------------- -----------
Brian D. Young Executive Vice President, United States
(Executive Vice President and Director) Odyssey America Reinsurance Corporation
Charles D. Troiano Executive Vice President and Chief Financial United States
(Director) Officer,
Odyssey Re Holdings Corp.
46
ANNEX M
DIRECTORS AND EXECUTIVE OFFICERS OF
ODYSSEY REINSURANCE CORPORATION
The following table sets forth certain information with
respect to the directors and executive officers of Odyssey Reinsurance
Corporation.
PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT
AND THE NAME, PRINCIPAL BUSINESS AND ADDRESS
OF ANY CORPORATION OR OTHER ORGANIZATION IN
NAME WHICH SUCH EMPLOYMENT IS CONDUCTED CITIZENSHIP
---- -------------------------------------------- -----------
Andrew A. Barnard President and Chief Executive Officer, United States
(Chairman and Director) Odyssey Re Holdings Corp.
140 Broadway Avenue, 39th Floor
New York, NY 10005
Mark W. Hinkley Executive Vice President, United States
(Executive Vice President and Director) Odyssey America Reinsurance Corporation
300 Stamford Place
Stamford, CT 06902
James E. Migliorini Senior Vice President, United States
(Senior Vice President and Director) Odyssey America Reinsurance Corporation
Donald L. Smith Senior Vice President, General Counsel and United States
(Vice President, General Counsel, Corporate Corporate Secretary,
Secretary and Director) Odyssey Re Holdings Corp.
Michael G. Wacek Executive Vice President, United States
(President and Director) Odyssey Re Holdings Corp.
Brian D. Young Executive Vice President, United States
(Senior Vice President and Director) Odyssey America Reinsurance Corporation
47
PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT
AND THE NAME, PRINCIPAL BUSINESS AND ADDRESS
OF ANY CORPORATION OR OTHER ORGANIZATION IN
NAME WHICH SUCH EMPLOYMENT IS CONDUCTED CITIZENSHIP
---- -------------------------------------------- -----------
Charles D. Troiano Executive Vice President and Chief Financial United States
(Director) Officer,
Odyssey Re Holdings Corp.
48
ANNEX N
DIRECTORS AND EXECUTIVE OFFICERS OF
CRUM & FORSTER HOLDING INC.
The following table sets forth certain information with
respect to the directors and executive officers of Crum & Forster Holding Inc.
PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT
AND THE NAME, PRINCIPAL BUSINESS AND ADDRESS
OF ANY CORPORATION OR OTHER ORGANIZATION IN
NAME WHICH SUCH EMPLOYMENT IS CONDUCTED CITIZENSHIP
---- -------------------------------------------- -----------
Bruce A. Esselborn Chairman and Chief Executive Officer, United States
(Chairman and CEO) Crum & Forster Holding Inc. and various other
insurance subsidiaries
305 Madison Avenue
Morristown, NJ 07962
Nikolas Antonopoulos President, United States
(President and Director) Crum & Forster Holding Inc. and various other
insurance subsidiaries
Mary Jane Robertson Senior Executive Vice President and United States
(Senior Executive Vice President, Treasurer Treasurer, Crum & Forster Holding Inc.
and Director) and various other insurance subsidiaries
Douglas M. Libby President, United States
(Senior Vice President and Director) Seneca Insurance Company
160 Water Street
New York, NY 10038
49
ANNEX O
DIRECTORS AND EXECUTIVE OFFICERS OF
UNITED STATES FIRE INSURANCE COMPANY
The following table sets forth certain information with
respect to the directors and executive officers of United States Fire Insurance
Company.
PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT
AND THE NAME, PRINCIPAL BUSINESS AND ADDRESS
OF ANY CORPORATION OR OTHER ORGANIZATION IN
NAME WHICH SUCH EMPLOYMENT IS CONDUCTED CITIZENSHIP
---- -------------------------------------------- -----------
Bruce A. Esselborn Chairman and Chief Executive Officer, United States
(Chairman, Chief Executive Officer and Director) Crum & Forster Holding Inc. and various other
insurance subsidiaries
305 Madison Avenue
Morristown, NJ 07962
Nikolas Antonopoulos President, United States
(President and Director) Crum & Forster Holding Inc. and various other
insurance subsidiaries
Mary Jane Robertson Senior Executive Vice President and Treasurer, United States
(Senior Executive Vice President, Treasurer, Crum & Forster Holding Inc. and various other
Chief Financial Officer and Director) insurance subsidiaries
Dennis J. Hammer Senior Vice President and Controller, United States
(Senior Vice President, Controller and Director) United States Fire Insurance Company
Douglas M. Libby President, United States
(Director) Seneca Insurance Company
160 Water Street
New York, NY 10038
50
PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT
AND THE NAME, PRINCIPAL BUSINESS AND ADDRESS
OF ANY CORPORATION OR OTHER ORGANIZATION IN
NAME WHICH SUCH EMPLOYMENT IS CONDUCTED CITIZENSHIP
---- --------------------------------------------- -----------
Joseph F. Braunstein, Jr. Executive Senior Vice President of Marketing, United States
(Executive Senior Vice President and Director) United States Fire Insurance Company
Peter J. Daly Senior Vice President of Surety, United States
(Senior Vice President and Director) United States Fire Insurance Company
Paul Kush Senior Vice President Claims, United States
(Senior Vice President and Director) United States Fire Insurance Company
Albert B. Lewis Attorney, United States
(Director) D'Amato & Lynch
70 Pine Street
New York, NY 10270
Gary S. Resman Senior Vice President of Underwriting, United States
(Senior Vice President and Director) United States Fire Insurance Company
Frances A. Smith Senior Vice President of Actuarial, United States
(Senior Vice President and Director) United States Fire Insurance Company
Donald R. Fischer Senior Vice President of Underwriting United States
(Senior Vice President and Director) United States Fire Insurance Company
Mary J. Hughes Senior Vice President of Underwriting United States
(Senior Vice President and Director) United States Fire Insurance Company
Marc T.A. Wolin Treasurer, Chief Financial Officer and United States
(Director) Secretary
Seneca Insurance Company, Inc.
160 Water Street
New York, New York 10038
51
ANNEX P
DIRECTORS AND EXECUTIVE OFFICERS OF
THE NORTH RIVER INSURANCE COMPANY
The following table sets forth certain information with
respect to the directors and executive officers of The North River Insurance
Company.
PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT
AND THE NAME, PRINCIPAL BUSINESS AND ADDRESS
OF ANY CORPORATION OR OTHER ORGANIZATION IN
NAME WHICH SUCH EMPLOYMENT IS CONDUCTED CITIZENSHIP
---- -------------------------------------------- -----------
Bruce A. Esselborn Chairman and Chief Executive Officer, United States
(Chairman and Chief Executive Officer) Crum & Forster Holding Inc. and various other
insurance subsidiaries
305 Madison Avenue
Morristown, NJ 07962
Nikolas Antonopoulos President, United States
(President and Director) Crum & Forster Holding Inc. and various other
insurance subsidiaries
Mary Jane Robertson Senior Executive Vice President and Treasurer, United States
(Senior Executive Vice President, Treasurer, Crum & Forster Holding Inc and various other
Chief Financial Officer and Director) insurance subsidiaries
Dennis J. Hammer Senior Vice President and Controller, United States
(Senior Vice President and Controller) United States Fire Insurance Company
52
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
----------- -----------
2.5 Joint Filing Agreement dated as of March 21, 2003
between, V. Prem Watsa, 1109519 Ontario Limited, The
Sixty Two Investment Company Limited, 810679 Ontario
Limited, Fairfax Financial Holdings Limited., CRC
(Bermuda) Reinsurance Limited, FFHL Group Ltd., Fairfax
Inc., TIG Holdings, Inc., TIG Insurance Group, TIG
Insurance Company, Odyssey Re Holdings Corp., Odyssey
America Reinsurance Corporation, Odyssey Reinsurance
Corporation, Crum & Forster Holding Inc., United States
Fire Insurance Company, and The North River Insurance
Company.
2.6 Proxy Agreement dated March 28, 2002 of Fairfax
Financial Holdings Limited.
2.7 Lock-up Agreement dated March 20, 2003 of Fairfax
Financial Holdings Limited.
2.8 Lock-up Agreement dated March 18, 2003 of Odyssey Re
Holdings Corp.
2.9 Amendment No. 1 to Standstill Agreement dated March 21,
2003 between Fairfax Financial Holdings Limited and
Zenith National Insurance Corp.
53