Insight and Intelligence on the London & International Insurance Markets

9 February 2012

Omega shareholder dispute gets personal as AM Best reacts

23 February 2010

Omega's long-running boardroom showdown became more personal in the last week when the firm named names in a strongly worded shareholder circular ahead of its upcoming special general meeting (SGM), and then reacted strongly to rating agency moves.

Earlier today (22 February) AM Best put the majority of the Bermudian (re)insurer's ratings under review with negative implications - a move that Omega said had to be seen in the context of proposed chairman John Coldman's unwillingness to meet with the...


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