Lloyd’s syndicate expansion will lead to profit for full year
Omega says it expects its H1 results on 31 August 2010 to report a pre-tax loss of $35m but said it would make an underwriting profit for the full year.
Omega says it has cut market share in lines where premiums are falling. It has increased its share of Syndicate 958 capacity but says although the gross written premium at $244m is up 30%, only 19% of the premium has been earned by 30 June. Omega expects this to be 65% by year end.
It said catastrophe loss estimates for the Chile earthquake, and the losses of the Aban Pearl submersible and Deepwater Horizon rig, remain unaltered at $29m as announced in May.
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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.
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