De-risking Omega bucks wider market trend
Embattled Lloyd's (re)insurer Omega's Q1 interim
management statement (IMS) has seen the firm continuing to outline
a strategy of reducing its exposures to property catastrophe
business.
In contrast to many peers, which are gearing up to take advantage of improved pricing and demand in the property cat and retro markets, Omega referred a number of times to the "de-risking" of its business, with "continued progress" being made in this regard.
The Bermuda-domiciled (re)insurer cut back property catastrophe treaty premium by...
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