Canopius
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.
Insurer mergers & acquisitions: Is 2011 the time to strike?
After a lean period for insurer mergers and acquisitions through the economic downturn, Daniel Dunkley reports that the first rays of sunlight might begin to show in 2011.
Jubilee “focused on growth” amid sale rumours
Lloyd’s insurer Jubilee has claimed that it is focusing on its future growth amid speculation that the company is up for sale.
2011 tipped to finally see an upturn in Lloyd's M&A action
Takeover speculation among Lloyd's insurers look set to continue throughout 2011, after Canopius kicked off the year with an approach for rival Omega.
People moves - 13 January 2011
A round-up of people moves and new appointments in the industry, as featured in the January 13 2011 edition of Post.
Omega consults largest shareholder following Canopius bid approach
Lloyd's insurance group Omega has confirmed receiving an "unsolicited" approach from rival Canopius for the business.
Canopius to plant flag in Switzerland
Canopius Group has revealed plans to establish a reinsurance underwriting platform based in Zurich.
Omega more than doubles New Zealand quake loss estimate
Omega Insurance's loss estimate for the New Zealand earthquake has risen to US$16.8m, net of reinstatement premiums and before profit commission effects, and US$18.9m after profit commission.
Canopius appoints property underwriter
Canopius Group has appointed Andrew Ealey as property treaty underwriter.
Markel appoints terrorism underwriter
Markel International has named Edward Winter as a terrorism underwriter in its marine and energy division.
Lloyd’s & London market – review of the year: Troubled times
A succession of natural catastrophes got 2010 off to a bad start and the market continued to struggle - but the resolution of Brit’s future and the prospect of consolidation could see the year end on a high. Mairi Macdonald reports.
CIFS adds capacity providers
Lloyd’s credit insurer Credit Indemnity & Financial Services has added Sagicor, Catlin and Omega to its current capacity providers.
Omega buys additional reinsurance as losses mount
Omega Insurance has admitted it purchased additional reinsurance in quarter three to further reduce its catastrophe exposures.
Canopius adds to marine and North America divisions
Canopius has appointed Charles Fernandez as marine property and deputy marine liability underwriter, and Andrew Fowles as North American facilities underwriter.
Trio joins Markel's MGA business
Markel International has sought to strengthen its managing general agent division with three senior appointments.
AM Best affirms ratings of Omega
Omega has announced that AM Best has removed from under review with negative implications and affirmed the ICR of “bbb” of Omega and the FSR of A-(Excellent) and ICR of “a-“ of Omega Specialty Insurance Company Limited.
Omega Underwriting Agents names MD
Omega Insurance Holdings has appointed David Reed as managing director of its managing agency Omega Underwriting Agents.
Omega Lloyd's managing agency boss Adie resigns
Omega Insurance Holdings has announced that Andrew Adie, managing director and a board member of its managing agency Omega Underwriting Agents, has resigned from his position with immediate effect.
Omega confirms six-month loss
Omega has reported a pre-tax loss of $34.2m (H1 2009: $22.9m profit) for the first six months of 2010 following a series of catastrophic events.
Omega warns of $35m expected loss
Omega expects to report a loss before tax of approximately $35m for the first half of 2010.
Lloyd's & London market: Bargain hunt
It looks like investors searching for a piece of the action in Lloyd's can pick up a bargain right now, as depressed share prices shine a light on profitable businesses trading at a discount to their net asset value. Ralph Savage investigates whether a…
Energy - Deepwater Horizon impact: In deep water?
Stephanie Denton reports on the fallout for the energy market from the recent Deepwater Horizon drilling platform explosion.
Omega appoints new non-execs
Omega has confirmed the election of Roger Field, Robin Oakes and Richard Pexton as non-executive directors, subject to the relevant regulatory approvals.
Omega sees Q1 GWP growth
(Re)insurer Omega Insurance Holdings has reported an 18% growth in GWP for the first quarter of 2010 to $124.5m (2009: $105.5m.)