Omega is to be listed on the London stock exchange in a bid to raise capital, the company announced this week.
The Lloyd's insurer will be partially floated on the Alternative Investment Market (Aim). Shares in Omega will begin trading on Wednesday.
The share issue will raise £20m through the placement of 17,391,305 shares at 115p per share, according to Omega's chief executive officer Richard Tolliday.
The share issue accounts for 44.6% of the company, leaving the company directors with almost 44%.
Tolliday said the main purpose of the listing is to raise capital in order to support underwriting on Syndicate 958, one of Lloyd's most profitable syndicates.
Earlier this week Lloyd's insurer Advent also declared it is considering flotation in 2005.
