Omega no longer actively seeking sale
Beleaguered Lloyd's (re)insurer Omega is no longer prioritising a sale after the ignominious collapse of its agreed transaction with Haverford's Mark Byrne, The Insurance Insider has learned.
In the second half of 2011, Omega's management and its
appointed financial adviser Kinmont were pursuing a merger or sale.
But with the share price at rock bottom and interested parties
scared off, the auction process is being put on the backburner,
sources said.
Click to enlarge
Instead, management is now understood to...
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