Polish Re (Polskie Towarzystwo Reasekuracji S.A.) is a wholly-owned subsidiary of Fairfax. Based in Warsaw, Poland, it writes reinsurance business in the Central and Eastern European regions. In 2012, Polish Re's net premiums written were PLN 297.7 million (approximately PLN 3.2 = US$1). At year-end, the company had shareholders’ equity of PLN 201 million and there were approximately 44 employees.

Polish Re specializes strictly in the reinsurance business in Central and Eastern Europe and is also helping to develop the insurance markets in this area. Polish Re operates in over 40 markets, where it has approximately 200 clients. It has been operating in the insurance market since June 1996.

Polish Re is currently led by Acting Chief Executive Officer, Mr. Jim Migliorini.