Canopius
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.)
Recruitment moves
All the latest moves in the Reinsurance sector
Omega puts Chilean quake loss at $23m
Omega Insurance Holdings today announced that it has completed its initial estimate of losses arising from recent major catastrophe events - the Chilean earthquake and European windstorm Xynthia.
Pexton named as new Omega CEO
Omega has named former chief executive of Heritage Underwriting Agency Richard Pexton as its new CEO. Mr Pexton, who also joins the Omega board, replaces Richard Tolliday (pictured).
Omega shareholders agree to board restructure
Six new non-executive directors on board, five go at insurer.
Omega claims gains elsewhere offset Lloyd's reduction
The group's gross premium income remained almost static on US$265.8m (2008: US$265.4m), although Omega claimed to nhave seen "significant growth in new operating platforms in Bermuda and US".
Invesco ready to force Omega board overhaul
Omega Insurance could be forced to make a number of changes to its board of directors at the behest of its largest shareholder Invesco.