• Home
  • Journal
  • Public Companies
  • American Overseas Group Limited Announces Repurchase of American Overseas Reinsurance Company Limited Class B Preference Shares
American Overseas Group Limited Announces Repurchase of American Overseas Reinsurance Company Limited Class B Preference Shares

American Overseas Group Limited Announces Repurchase of American Overseas Reinsurance Company Limited Class B Preference Shares

Written by Customer Service on . Posted in Public Companies.

HAMILTON, Bermuda, June 24, 2022 (GLOBE NEWSWIRE) — American Overseas Group Limited (BSX: AORE.BH) (Pink Sheets: AOREF.PK) (the “Company”) today announced that its subsidiary, American Overseas Reinsurance Company Limited (“AORE”), completed a private repurchase of $3.7M liquidation value of its Class B Preference Shares (the “Shares”) from an undisclosed holder.

Information About the Company

American Overseas Group Limited is an insurance holding company incorporated in Bermuda and a tax resident of the United Kingdom. One of its operating subsidiaries, American Overseas Reinsurance Company Ltd., historically wrote financial guaranty reinsurance for U.S. and international public finance and structured finance transactions. The Company’s financial guaranty reinsurance obligations were retired in April of 2020 with a final commutation transaction between it and its last remaining cedant. The Company’s primary subsidiary is Old American Capital Corp, whose operating subsidiaries are licensed in 16 states and focused on serving monoline personal auto customers. More information can be found at www.aoreltd.com.

SOURCE: American Overseas Group Limited

Contact:
American Overseas Group Limited
info@aoreltd.com

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.