Profit shows only slight drop compared with last year
Omega Insurance Holdings chief executive Richard Tolliday said strong growth in its US and Bermudian reinsurance business had helped keep profits stable.
Pre-tax profit was $22.9m (£14m) for the first six months of 2009, compared with $24.5m for the same period last year.
Tolliday was pleased with Omega US, set up at the start of 2008, which wrote $17.1m in 2009, up from $2.6m for the first half of 2008. In Bermuda, Omega Speciality’s underwriting grew from $33.6m to $52.1m.
He said the performance was “disguised” by the fact the amount underwritten in Lloyd’s Syndicate 958 had shrunk from its 2007 peak, so other parts of the business had had to work hard to make up for lost ground.
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.
