Omega profits soar 92%
Profits at Omega Insurance, the Bermuda-based Lloyd's insurer, soared by 92% from $11.5m in 2005 to $22m last year. The company, which re-domiciled in November 2006, increased its gross written premiums significantly from $6.8m to $88.9m.
Atrium quadruples profits
Atrium Underwriting, the specialist Lloyd's insurer, has more than quadrupled its profits for 2006 after claims fell by more than half. The insurer reported a record pre-tax profit of £44.7m up from £10m in 2005. Its combined ratio for 2006 was 75%, a drop of 33%.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
