Till Capital’s Letter Of Intent With Omega

Till Capital Ltd. — a Bermuda domiciled reinsurance provider — has entered into a letter of intent with Omega Insurance Holdings, Inc. a Toronto, Canada based insurance provider, and its shareholders, pursuant to which the Company proposes to acquire all of the issued and outstanding shares of Omega. The letter of intent with Omega includes the subsidiary companies Omega General Insurance Company and Focus Group, Inc.

“We are enthusiastic about this accretive transaction which adds the portfolio of Omega’s existing policies and management expertise. The transaction provides us with enhanced capacity to support our future reinsurance operations while continuing to provide outsourced services for foreign insurance carriers in Canada,” said William M. Sheriff, Till Capital Chairman and CEO.

“I look forward to working with Phil Cook who will lead the expansion of Till’s insurance activities. His decades of experience along with his established staff will be valuable additions to our team.”

Phil Cook, Chief Executive Officer of Omega added, “We look forward to working with Till Capital as we enter the next phase of Omega’s development. Till’s international footprint, along with a proven track record of successful investment strategies, will enable our combined organizations to achieve our corporate objectives while continuing to serve the needs of our policyholders and other stakeholders.”

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