Omega reports first loss as cats bite
Lloyd's insurer Omega Insurance Holdings has reported a
maiden loss in the first half of the year as the heavy toll from
man-made and natural catastrophes and reserve strengthening pushed
the group into the red for the first time.
The loss totals from the Chile earthquake, the Deepwater Horizon
explosion, the loss of the Aban Pearl submersible and hailstorms in
Western Australia remained unchanged since the firm's profit
warning two weeks ago at $29.4mn.
The events pushed the combined ratio...
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