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Optimal corporate and operational structure. At Omega we believe that our structure allows us to deliver exceptional financial and operational value.

Corporate

Board of Directors

John Coldman - Chairman
John

Mr. Coldman was the managing director of Benfield Group Limited from 1986 to 1996 and chairman from 1996 to 2008. Benfield Group listed on the London Stock Exchange in 2003 and was acquired by Aon Corporation in November 2008. He was chairman of Brit Insurance Holdings plc from 1996 to 2000. From 2001 to 2006, Mr. Coldman was deputy chairman and a member of the Council of Lloyd’s of London. Mr. Coldman is also the chairman of Roodlane Medical Limited.

Richard Pexton - Chief Executive Officer
Richard

Mr. Pexton spent six years between 2002 and 2008 at Heritage, joining as CEO of Heritage Managing Agency and then leading its flotation on the London Stock Exchange in 2006, after which he became CEO of Heritage Underwriting Agency PLC. He was previously Active Underwriter and a Board member of Cox Insurance PLC and Deputy Underwriter and a Board member of B.F. Caudle Agencies Limited.

James Bryce - Non-Executive Director
James

Mr Bryce was President, Director, and CEO of IPC Holdings Ltd, and IPC Re Ltd. in Bermuda from 2000 till July 2009. Previously he was Senior Vice President of Underwriting from 1993 to 2000. He had also held numerous senior positions at AIG and subsidiaries and affiliates from 1975 to 1993. Currently he is Non-Executive Chairman and Director of Barbados-based reinsurer, Aliseo Re and a Director at Starr Managing Agents Ltd, and Starr Underwriting Agents in London.

David Cooper - Non-Executive Director
David

Mr. Cooper is a partner and head of the commercial department at Cox Hallett Wilkinson, a Bermuda law firm.

Geoffrey Johnson - Non-Executive Director
Geoffrey

Geoffrey Johnson worked with PricewaterhouseCoopers between 1969 and 2010. He has been a partner in both the UK and US firms of PwC serving major clients and holding senior management positions in the UK, Europe and globally. He was based initially in London, moving to New York in 1998 to lead the financial, technology and infrastructure integration on a global basis following the merger of Price Waterhouse and Coopers & Lybrand networks in that year . Most recently, he was Chief Executive Officer of the PwC global network’s Bermuda-based professional indemnity captive insurance company. He currently serves as Chairman of another Bermuda-based captive PI insurer.

Ernest Morrison - Non-Executive Director
Ernest

Mr. Morrison is a partner and head of the corporate department of Cox Hallett Wilkinson, a Bermuda law firm.

Robin Spencer-Arscott - Non-Executive Director
Robin Spencer-Arscott

Robin is Deputy Chairman and Director of AAA Risk Solutions Limited and President & CEO of RSA Services Ltd.

Previously, Robin was Chairman & CEO of Aon Bermuda Group and prior to that was President & CEO of Frank B. Hall (Bermuda) Ltd.

Robin started his insurance and reinsurance career in 1960 as an underwriting trainee with American International Reinsurance Company, Inc in Bermuda. He was with that organization for 13 years before moving on to head up a captive management, broking and underwriting management group in Bermuda for the well known Texan entrepreneur, Joseph H. Blades.

Robin also serves as a Director of Universal Shipowners Marine Insurance Association Limited, Spear Insurance Company Ltd  and Co-founder and Chairman of Bermuda Insurance Symposium – World Insurance Forum.

The Board is responsible for formulating, reviewing and approving the Company’s strategy, budgets and corporate actions. Decisions concerning the direction and control of the business are made by the Board, which meets at least six times each year and more frequently if required. The Board has a schedule of matters reserved for its decision, including, inter alia, statutory matters; approval of financial statements and dividends; appointments and terminations of directors, officers and auditors; appointments of committees and setting of terms of reference; review and approval of group performance against budgets; approving risk management strategy and material contracts; and determining the authority levels within which management is required to operate.

To enable the Board to function effectively and directors to discharge their responsibilities, full and timely access is given to all relevant information. In the case of Board meetings, this consists of a comprehensive set of papers, including regular business progress reports and discussion documents regarding specific matters.

An agreed procedure exists for directors in the furtherance of their duties to take independent professional advice. This is in addition to the access that every director has to the Company Secretary, who is charged by the Board with ensuring that Board procedures are followed.

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