Omega points to H1 catastrophes following early losses
Record industry-wide catastrophe losses have been blamed by Lloyd’s insurer Omega for an after-tax loss of $44.5m (£27.2m) in the first half of 2011.
The figure represents a drop of more than $12m on the loss of $32.3m for the same period last year.
Omega's combined ratio was today recorded at 133.2% (H1 2010: 128.3%) as $51.3m of net catastrophe
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