Omega buys extra reinsurance after cat-heavy year
Bermuda-domiciled Lloyd's carrier Omega Insurance Holdings has bought in additional reinsurance cover after it was dragged to a first-half loss by catastrophe activity and then hit by the New Zealand earthquake in September.
Previously, Omega reported only weeks after issuing a profits warning in August that its losses from the Chile earthquake, the Deepwater Horizon explosion, the loss of the Aban Pearl submersible and hailstorms in Western Australia were forecast to be $29.4mn.
And this morning Omega in its interim...
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