Omega increases syndicate 958 stake
July 02, 2009
OMEGA will control more than a third of the capacity on its Lloyd’s syndicate for the 2010 and subsequent years of account. The Lloyd’s and Bermuda insurance group has been looking to boost its ownership of syndicate 958 and made an offer to buy up to £125m of the capacity from names. It confirmed today its offer had received valid acceptances representing around £45.7m of capacity, or 21.9% of outstanding capacity...