Hashtag: #Omega
Japan Loss: Omega Estimates $23.6 Million
Omega Group said its preliminary loss estimate from the March 11 earthquake and tsunami in Japan is US$23.6 million. The London-listed, Bermuda-based property reinsurer said its preliminary loss estimate for the March 11 earthquake and tsunami in Japan at US$23.6 million, based on an estimated insured market loss of US$25 billion. “There is still... Read more of this article
Omega: A ‘Baptism Of Fire’ For New Board
Bermuda-based insurer and reinsurer, Omega, today [Mar.8] reported a loss of $42.8 million for 2010, compared with the previous year’s profit of $43.6 million. Gross premium income for the year stood at $356.1 million [2009: $265.8 million] but the firm suffered a loss ratio of 84.4 percent compared with 49.3 percent in 2009. No final dividend was... Read more of this article
