17 October 2014News

Till Capital completes Omega acquisition

Bermuda-based reinsurance provider Till Capital has acquired Omega Insurance, a Canada based insurance provider.

Till Capital has also acquired Omega’s subsidiaries Omega General Insurance Company and Focus Group.

The reinsurance provider will pay an aggregate purchase price of 1.2 times book value, or approximately $15.4 million as of June 30, 2014.

Till Capital said the acquisition of Omega increases the company’s insurance and reinsurance capacity and its assets under management.

“The combination of Omega’s insurance expertise and the Company’s investment and technical teams is a solid foundation for growth,” said Till Capital.

More on this story

15 November 2017   Bermuda-domiciled Till Capital has signed two engagement agreements with two different and undisclosed investment banking firms for the sale of its wholly-owned Canadian subsidiary Omega Insurance Holdings, and its Springer Tungsten Mine and Mill Complex located in Pershing County, Nevada.
2 December 2016   Till Capital (Till), a Bermuda-based company that owns Omega Insurance Holdings and Resource Re, has initiated a new normal course issuer bid (NCIB) and intends to bid for up to 262,860 common shares, representing 10 percent of the 2,628,600 shares forming Till's public float.
15 November 2016   Till Capital, a Bermuda-based insurer, has added Patricia Tilton and George Rohlinger to its board of directors as independent directors.