Omega has today announced unchanged forecasts for Syndicate 958 for the 2004 and 2005 years of account. The forecasts remain at 5% to 10% and 4% to 11% respectively.
Richard Tolliday, chief executive of Omega, said: “It is pleasing to be forecasting robust profits for Syndicate 958's 2004 and 2005 account results, despite the hurricanes in those years, and therefore continuing the Syndicate's unbroken track record of underwriting profits since its establishment in 1980. The strong trading conditions and low level of loss activity to date provide a
very promising start to the 2006 year of account. We believe the Group is well positioned to take advantage of the opportunities available and continue to be
optimistic for 2007 and beyond.”
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