Omega forecast unchanged
Lloyd's-based Omega Insurance Holdings, a specialist in short-term property risks, has announced unc...
Lloyd's-based Omega Insurance Holdings, a specialist in short-term property risks, has announced unchanged forecasts for Syndicate 958 for the 2004 and 2005 years of account. Omega is forecasting between 5 to 10% profit of £224m gross written premium in 2004, and between 4 and 11% of £224m in 2005. Omega said the 2006 year of account, whilst at an early stage, is benefiting from robust underwriting conditions and an encouragingly low level of incurred losses.
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