Colonnade Insurance, S.A.

Colonnade Insurance S.A. is a non-life insurance company with a slogan of "Commercial and Consumer non-life insurance firm with 6 Central-Eastern European branches." Founded in 2016, it is based in Luxembourg and fully owned by Canada based Fairfax Financial Holdings, a prominent international financial services holding company listed on the Toronto Stock Exchange. Colonnade has a strong presence in the Central and Eastern European region, with branches in Hungary, Poland, Czech Republic, Slovakia, Bulgaria, and Romania, and over 600 employees. The company entered the Central and Eastern European direct insurance market in 2016 through the takeover of QBE branch operations and further increased its presence in the region in 2017 with the takeover of AIG branch operations. Colonnade offers diverse products for consumer and corporate clients, including business property, liability, and accident insurance, as well as personal insurance. The company is licensed to underwrite 17 of the 18 statutory classes of non-life insurance, with its licenses extended to Freedom of Services for almost all member states of the European Economic Area. Colonnade has earned an 'A-' (excellent) rating for its financial stability and an 'a-' (excellent) rating for its long-term issuer credit rating from the US-based rating agency AM Best. Additionally, the company is supported by leading global reinsurers with strong financial security. The company's vision emphasizes fairness and simplicity in all relationships, with a focus on delivering transparent products and rapid claims service to address the challenges of the changing world. Colonnade's passion lies in taking care of its employees, ensuring customer satisfaction, and contributing positively to the environment and societies. Overall, Colonnade Insurance S.A. presents a compelling proposition as a stable and innovative player in the Central and Eastern European non-life insurance market, backed by strong financial support and a customer-centric approach.