Canada’s Omega Insurance acquired by Bermudan capital firm

The acquisition of Omega Insurance Holdings Inc. by Bermuda firm Till Capital has been completed. The deal includes subsidiary companies Omega General Insurance Company and Focus Group, Inc. and pays shareholders $14.7 million plus some additional sums including a “true-up” to cover the change in book value since the deal was announced last year. The privately held insurance provider based in Toronto will continue to be headed by CEO Philip Cook.