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Omega profit nearly doubles

March 11, 2010

BERMUDA-based, London-listed insurer Omega has posted a profit of $43.6m for 2009, up from $22.2m in 2008, on gross written premiums virtually unchanged at $265.8m. The combined ratio improved to 81.4% from 101.4%, helped by a claims ratio that declined to 49.3% from 76.0%. However, the commission ratio rose to 28.6% from 21.7%, and the investment return declined to $16.3m from $21.8m. The return on equity was 9.8%, up from...

Broker Lonmar Global Risks makes debut

March 12, 2010

A NEW broker appeared on the insurance scene last night as Lonmar Global Risks debuted...

Victory in Buncefield case

March 12, 2010

HERBERT Smith’s dispute resolution team has achieved a victory for Chevron in the landmark Buncefield...

Unconditional appeals – registration of English judgments in Bermuda

March 12, 2010

IN the Supreme Court of Bermuda (which contains the equivalent of the English Commercial Court)...

Longevity risk – the next big thing?

March 12, 2010

THE BMW transaction follows a year in which the pace of development of UK longevity...

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