The insurance division of Omni Whittington Group BV has demerged from the group. The new holding company of the insurance business - Whittington Group Pte Limited - will be domiciled in Singapore and will benefit from a major injection of expansion capital.

The retained business of the Omni Whittington Group will be re-named "Omni Bridgeway Group". The demerger of the insurance division will generate substantial capital to continue to grow the retained business - the (emerging market) debt and financial services business.

According to the company, the key changes to the Omni Whittington Group are as follows:

●Insurance activities to demerge
●Re-name Omni Whittington Group to Omni Bridgeway Group
●Transaction will generate substantial capital to grow the (emerging market) debt and financial services business
●The financial strength will allow the debt business to further develop its ambition to act as investor in (emerging market) debt (ie. to purchase emerging market debt as final investor)
●Further focus on emerging market debt and other distressed asset solutions.

The Group holding company of Omni Bridgeway is based in The Hague, The Netherlands. The team in The Hague will continue with the debt business in the same composition.