Share tip of the week: Extreme caution will pay off for insurer

The cost of insurance is rising. That's great news for this property insurance specialist, which derives around two-thirds of its income from the US, compared to 11% from Britain.

The cost of insurance is rising. That's great news for Omega, a property insurance specialist for small- and medium-sized businesses in North America. Around two-thirds of its income comes from the US, compared to 11% from Britain.

Omega also offers a small amount of marine, motor, professional indemnity and directors' liability insurance. It recently spent £18.5m increasing its share by 18.3% to 34.7% in the Syndicate 958 of Lloyd's of London.

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Paul gained a degree in electrical engineering and went on to qualify as a chartered management accountant. He has extensive corporate finance and investment experience and is a member of the Securities Institute.

Over the past 16 years Paul has held top-level financial management and M&A roles for blue-chip companies such as O2, GKN and Unilever. He is now director of his own capital investment and consultancy firm, PMH Capital Limited.

Paul is an expert at analysing companies in new, fast-growing markets, and is an extremely shrewd stock-picker.