Omega Insurance Holdings Limited - Company Capsule by ICDResearch

VIEWS: 6 PAGES: 13

More Info
									Omega Insurance Holdings Limited

_________________________________________________________________________________




Omega Insurance Holdings Limited - Company
Capsule


Reference Code: FS0439CC
Published Date: April 2011




___________________________________________________________________________________________

Omega Insurance Holdings Limited - Company                                          Page 1
Capsule
Omega Insurance Holdings Limited

__________________________________________________________________________________________


Omega Insurance Holdings Limited - Company Overview

Omega Insurance Holdings Limited (Omega Insurance) is a financial services holding company. The company through its
subsidiaries engages in the short-tail property insurance and reinsurance and insurance for small to medium-sized
insured’s, as well as reinsurance for smaller insurance companies. The company's operations are carried out through its
variety of activities which include non-marine property insurance, property catastrophe treaty insurance, property per risk
treaty insurance, professional indemnity insurance, marine insurance and reinsurance, motor insurance and reinsurance,
liability insurance and reinsurance and others. The company operates in Bermuda, the US, the UK and Germany. Omega
Insurance is headquartered in Hamilton, Bermuda.


Financial Performance

The company reported revenue of US$195.46million during the year 2009. The company's revenue grew at a CAGR of
9.99% during the period 2007-2009 with a year on year decline of 9.375% over fiscal year 2008. During the fiscal year
2009 its operating margin was 24.16% as against the operating margin of 11.27% in the fiscal year 2008. During the fiscal
year 2009 the company’s net profit margin was 22.31% as against the net profit margin of10.29% in the fiscal year 2008.




Omega Insurance Holdings Limited - Key Facts

Omega Insurance Holdings Limited, Key Facts

                                  Clarendon House,, Hamilton, ,
                                                                    Ticker Symbol, Stock
Corporate Address:                HM 11, United Kingdom
                                                                                               OIH (SEATS (AIM Market))
                                                                    Exchange



Telephone                          + 1 404 7673000                  No. of Employees           57



Fax                                + 1 404 4889639                  Financial Year End         December



URL                               www.omegauw.com                   Revenue (in USD Million)   228.17



Industry                          Financial Services



Locations                         Germany, United Kingdom, United States, Bermuda

Source: Annual Report, Company Website, Primary and Secondary Research




___________________________________________________________________________________________

Omega Insurance Holdings Limited - Company Capsule                                                                  Page 2
Omega Insurance Holdings Limited

__________________________________________________________________________________________



Omega Insurance Holdings Limited - Major Products and Services

Omega Insurance Holdings Limited is a Bermuda based holding company engaged in providing a wide range of insurance
and reinsurance services. The company’s key services include the following:

Omega Insurance Holdings Limited, Major Products and Services
Non-marine Property Insurance

Property Catastrophe Treaty Reinsurance

Property Per Risk Treaty Reinsurance

Professional Indemnity Insurance

Motor Insurance and Reinsurance

Marine Insurance and Reinsurance

Liability Insurance and Reinsurance
Source: Annual Report, Company Website, Primary and Secondary Research




___________________________________________________________________________________________

Omega Insurance Holdings Limited - Company Capsule                                                        Page 3
Omega Insurance Holdings Limited

__________________________________________________________________________________________



Omega Insurance Holdings Limited - Key Competitors

The following companies are the major competitors of Omega Insurance Holdings Limited:

Arch Capital Group Ltd.

Legal & General Group Plc

Catlin Group Limited

Old Mutual plc




___________________________________________________________________________________________

Omega Insurance Holdings Limited - Company Capsule                                       Page 4
Omega Insurance Holdings Limited

__________________________________________________________________________________________


Omega Insurance Holdings Limited - Key Employees


Omega Insurance Holdings Limited, Key Employees


          Name                             Job Title                      Board Level     Since   Age


David Cooper               Director                                 Non Executive Board   2010


Ernest Morrison            Director                                 Non Executive Board   2010


Geoffery Johnson           Director                                 Non Executive Board   2010


James Bryce                Director                                 Non Executive Board   2010


John Coldman               Chairman                                 Non Executive Board   2010


Penny James                Director, Chief Financial Officer        Executive Board       2010


Richard Pexton             Chief Executive Officer, Director        Executive Board       2010


Robin Spencer-Arscott      Director                                 Non Executive Board   2010

Source: Annual Report, Company Website, Primary and Secondary Research




___________________________________________________________________________________________

Omega Insurance Holdings Limited - Company Capsule                                                  Page 5
Omega Insurance Holdings Limited

__________________________________________________________________________________________



Omega Insurance Holdings Limited - Locations and Subsidiaries

Head Office

Omega Insurance Holdings Limited
Clarendon House,
Hamilton
Zip: HM 11
United Kingdom
Tel: + 1 404 7673000
Fax: + 1 404 4889639



Other Locations & Subsidiaries

Omega Insurance Holdings Limited, Subsidiaries

Omega Europe GmbH                                                   Omega Specialty Insurance Company Limited
Hohenzollernring 54                                                 PO Box HM1760
Cologne                                                             Hamilton
Zip: 50672                                                          Zip: HMHX
Germany                                                             Bermuda




                                                                    Omega US Insurance Inc
Omega Underwriting Agents Limited
                                                                    1450 East American Lane
4th Floor
                                                                    Schaumburg
London
                                                                    Illinois (IL)
Zip: EC3R 7LP
                                                                    Zip: 60173
United Kingdom
                                                                    United States


Source: Annual Report, Company Website, Primary and Secondary Research




___________________________________________________________________________________________

Omega Insurance Holdings Limited - Company Capsule                                                              Page 6
Omega Insurance Holdings Limited

__________________________________________________________________________________________


Omega Insurance Holdings Limited - Financial Ratios

Financial Ratios - Annual Ratios
Omega Insurance Holdings Limited, Annual
								
To top