Omega's active underwriter to stand down

Omega's active underwriter to stand down: "John Robinson, the active underwriter of Omega's Lloyd's Syndicate 958, has said that he will stand down from the position at the end of the year to focus on 'group responsibilities'.

Robinson will be replaced by Daria Vanous.

Richard Tolliday, Omega's chief executive said: 'We have also recognised that the expansion of the Group has reached a point which requires our chief underwriting officer, John Robinson, to be able to dedicate himself full-time to supporting the development of all of the Group's underwriting activities and ensuring that the philosophy, approach and underwriting discipline that have driven the success of Syndicate 958 since its formation in 1980 are maintained across the Group. With that in mind, John will be relinquishing the post of Active Underwriter of Syndicate 958 with effect from the end of 2009.'

The announcement came as part of Omega's 2008 full-year results, when the Bermuda-domiciled Lloyd's insurer saw pretax profits drop to $28.2m from $59.5m on investment and hurricane losses."

Source: Reinsurance