Omega board laments “baptism of fire” as profits fall $84.4m in 2010
Omega Insurance has recorded a loss of $42.8m – a sharp fall from the $43.6m profit recorded in 2009.
According to the insurer, which was embroiled in board room dispute for much of 2010, the results are seen as a “obvious disappointment”, as the firm recorded a deteriorated combined ratio of 114.4%
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