News: Omega Insurance Holdings Ltd (OIH.L)

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Mon, Dec 7 2009

Omega shareholder calls for shake-up

LONDON (Reuters) - Lloyd's of London insurer Omega Insurance said its biggest shareholder, Invesco Asset Management, was pushing to replace the company's chairman amid other sweeping changes to its board.

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UPDATE 1-Omega shareholder calls for board shake-up

* Says Invesco plan "not in the best interests" of Omega (Adds detail)

PRESS DIGEST - British business - Aug 28

CEO'S POSITION UNDER THREAT AS LLOYDS INVESTORS MAKE DEMANDS

Insurer Chaucer H1 profit jump signals recovery

LONDON (Reuters) - Lloyd's listed insurer Chaucer Holdings on Thursday posted a forecast-beating first-half pretax profit that more than quadrupled with the help of higher investment returns.

UPDATE 2-Insurer Chaucer H1 profit jump signals recovery

* Investments generate return of 34.6 mln stg vs 1.5 mln

Insurer Omega H1 pretax flat, outlook positive

LONDON (Reuters) - Lloyd's listed insurer Omega Insurance Holdings posted a first-half pretax profit slightly lower than 2008, but said rates are firming in its core business leading to a positive outlook for the rest of the year.

UPDATE 1-Insurer Omega H1 pretax flat, outlook positive

LONDON, Aug 27 (Reuters) - Lloyd's listed insurer Omega Insurance Holdings posted a first-half pretax profit slightly lower than 2008, but said rates are firming in its core business leading to a positive outlook for the rest of the year.

Omega aims to buy out Names on Lloyds syndicate

LONDON (Reuters) - Insurer Omega Insurance plans to boost its exposure to Lloyds of London, spending up to 125 million pounds buying out Names who are members of the insurance market's successful Syndicate 958.

UPDATE 1-Omega aims to buy out Names on Lloyds syndicate

* To list on main market in July (Adds detail, CEO, analyst comments)

Cenkos Securities profit down but weathers financial gloom

* Says has capacity and will be able to expand franchise

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