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OverviewCorporate OverviewOmega Underwriting Agents & Syndicate 958Omega Specialty Insurance CompanyOmega US InsuranceOmega Europe |
Omega US Insurance, Inc.Omega US Insurance, Inc. is incorporated and licensed in the state of Delaware and underwrites business on a surplus lines basis. To date Omega US has been granted eligibility to write in 37 states and applications are pending in further states. Capitalised at US$50 million, from the proceeds of the placing in October 2006, the company received a rating of A- (Excellent) from AM Best in December 2007. Omega US commenced underwriting in the first quarter of 2008 and is developing a book of business very similar in composition of class and geography to the US property insurance account underwritten by Syndicate 958. It is targeting small-sized, commercial, property-orientated business and seeking to underwrite predominantly in those geographic areas in the US that are not directly accumulatory with the Group’s peak catastrophe zones. It is intended that Omega US be developed in a way that is complementary to Syndicate 958. Whilst dealing predominantly through agents already known to Omega, it will be writing business that would not otherwise have been offered to the Syndicate in London.
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