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Bermuda-based Omega Insurance Holdings Ltd is being eyed for takeover again this time by Lloyd’s of London insurer Novae. “In accordance with the group’s publicly stated strategy, Novae routinely reviews possible transactions and confirms that it is ...

By Jonathan Kent Bermuda-based Omega Insurance Holdings Ltd expects losses of around $23.6 million from last month’s Japanese earthquake and tsunami. The company also gave updated estimates of its losses from January’s Queensland floods of $7.6 milli...

Bermuda-based Omega Specialty Insurance Company Ltd’s ratings have been put under review with negative implications by AM Best Europe over concerns about the group’s exposure management. The company, which has a financial strength rating of A- (excel...

Shares of Bermuda-based insurer Omega Insurance Holdings Ltd plunged nearly 18 percent yesterday after the firm posted a record loss. Omega said it lost $42.8 million last year, compared with a profit of $43.6 million in 2009, mainly because of claim...