Omega Insurance has reported that first half pretax profits doubled
Omega Insurance has reported that first half pretax profits doubled, thanks to a benign property and catastrophe insurance claims season.
Pretax profit for the first half of the year to end-June rose to $20.4m, up from $9.3m in the same period last year.
Gross written premiums for the period grew to $173.1m, up from $81.3m in the first half of last year.
Combined ratio for the period fell to 82% from 86% last year.
Omega added that the outlook for the 2007 full year of results and the 2008 underwriting year was 'positive', but did not give further detail.
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.
