Omega Insurance will expand into the offshore energy market later this month after appointing the former director of underwriting at fellow Lloyd's managing agent, Aegis.
Philip Thorpe-Apps will join the Lloyd's insurer at the end of January to develop an account for Omega Syndicate 958, focused principally on offshore energy.
The company said, as a result, the syndicate's forecast income for the 2007 year of account, gross of reinsurance but net of brokerage and commissions, had increased to £264.4m from £227.7m.
The Syndicate's capacity for 2007 has also increased from £250m to £275m.
Meanwhile, Omega has said written income is up on last year following the January 2007 renewal season with rates, terms and conditions in key areas of short-tail, small to medium sized, commercial property insurance and reinsurance also continuing to be particularly robust.
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.
