Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  FAIRFAX FINANCIAL HOLDINGS LTD/ CAN
2. Date of Event Requiring Statement (Month/Day/Year)
07/27/2007
3. Issuer Name and Ticker or Trading Symbol
International Coal Group, Inc. [ICO]
(Last)
(First)
(Middle)
95 WELLINGTON STREET WEST, SUITE 800, 
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

TORONTO, ON M5J2N7
6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock, $0.01 Par Value ("Shares") 1,200,000
D
 
Common Stock, $0.01 Par Value 16,299,500
I
See Footnote (1)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
9.00% Convertible Senior Notes due 2012 (the "Senior Notes") 02/01/2012(2)   (3) Common Stock, $0.01 par value 2,457,204 (4) $ (4) D  
9.00% Convertible Senior Notes due 2012 02/01/2012(2)   (3) Common Stock, $0.01 par value 2,457,204 (4) $ (4) I See Footnote (5)

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
FAIRFAX FINANCIAL HOLDINGS LTD/ CAN
95 WELLINGTON STREET WEST, SUITE 800
TORONTO, ON M5J2N7
    X    
WATSA V PREM ET AL
95 WELLINGTON STREET WEST, SUITE 800
TORONTO, ON M5J2N7
    X    
1109519 ONTARIO LTD
95 WELLINGTON STREET WEST, SUITE 800
TORONTO, ON M5J2N7
    X    
SIXTY TWO INVESTMENT CO LTD
1600 CATHEDRAL PLACE
925 WEST GEORGIA ST.
VANCOUVER, BC V6C3L3
    X    
810679 ONTARIO LTD
95 WELLINGTON STREET WEST, SUITE 800
TORONTO, ON M5J2N7
    X    
TIG INSURANCE CO
5205 NORTH O'CONNOR BLVD.
IRVING, TX 75039
    X    
ODYSSEY RE HOLDINGS CORP
300 FIRST STAMFORD PLACE
STAMFORD, CT 06902
    X    
ODYSSEY AMERICA REINSURANCE CORP
300 FIRST STAMFORD PLACE
STAMFORD, CT 06902
    X    
UNITED STATES FIRE INSURANCE CO
305 MADISON AVENUE
MORRISTOWN, NJ 07962
    X    
NORTH RIVER INSURANCE CO
305 MADISON AVENUE
MORRISTOWN, NJ 07962
    X    

Signatures

/s/ Paul Rivett 08/03/2007
**Signature of Reporting Person Date

/s/ V. Prem Watsa 08/03/2007
**Signature of Reporting Person Date

/s/ V. Prem Watsa 08/03/2007
**Signature of Reporting Person Date

/s/ V. Prem Watsa 08/03/2007
**Signature of Reporting Person Date

/s/ V. Prem Watsa 08/03/2007
**Signature of Reporting Person Date

/s/ William J. Gillett 08/03/2007
**Signature of Reporting Person Date

/s/ Donald L. Smith 08/03/2007
**Signature of Reporting Person Date

/s/ Donald L. Smith 08/03/2007
**Signature of Reporting Person Date

/s/ Felicia Garland 08/03/2007
**Signature of Reporting Person Date

/s/ Felicia Garland 08/03/2007
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) 8,343,363 Shares are held by Odyssey America Reinsurance Corporation, 1,435,900 Shares are held by United States Fire Insurance Company, 4,682,237 Shares are held by The North River Insurance Company and 1,838,000 Shares are held by TIG Insurance Company.
(2) The Senior Notes may become convertible earlier than 02/01/12 upon the occurrence of certain trigger events, as set forth in the indenture (the "Indenture") governing the Senior Notes.
(3) The Senior Notes will be convertible until the close of business on the business day immediately preceding 08/01/12.
(4) The Senior Notes are convertible into cash and, if applicable, Shares based on an initial conversion rate, subject to adjustment, of 163.8136 Shares per $1,000 principal amount of Senior Notes. Upon conversion, in lieu of Shares, for each $1,000 principal amount of Senior Notes a holder will receive an amount in cash equal to the lesser of (i) $1,000 and (ii) the conversion value, determined in the manner set forth in the Indenture governing the Senior Notes. If the conversion value exceeds $1,000, ICO will also deliver, at its election, cash or Shares or a combination of cash and Shares for the conversion value in excess of $1,000.
(5) $7.5 million of Senior Notes are held by Odyssey America Reinsurance Corporation and $7.5 million of Senior Notes are held by TIG Insurance Company.

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