Market Closed:
Seon Place, 141 Front Street, 3rd Floor, Hamilton HM 19, Bermuda
Listed Since: 2020/03/26
Currency: USD
Telephone: 441 294 8096
Email: Sherman.Taylor@estera.com

American Overseas Group Limited is a Bermuda based insurance holding company that is tax resident in the United Kingdom. It was formed on 28 January 1998 with registration number EC24451. The Issuer was formed in Bermuda in 1998. Initially, it conducted all of its operations through American Overseas Reinsurance Company Limited (“AORE”) which was also formed in Bermuda in 1998. AORE operated as a mono-line financial guarantee reinsurance company for approximately ten years. AORE’s insured par peaked at $48.7 billion in early 2008. In connection with the financial crisis, AORE ceased writing financial guarantee business and entered voluntary run-off in early 2009. By the end of 2012 insured par had declined to $9.2 billion, at which time AORE re-domesticated to Barbados.

The AORE business continues to run off satisfactorily. As of the fourth quarter of 2018, insured par has declined to $1.5 billion. In October 2014 American Overseas Group acquired Orpheus Group Ltd (“OGL”).

OGL is a specialty writer of non-standard auto business in the U.S. In addition, OGL provides specialty risk transfer, reinsurance and management services through its operating subsidiaries in the U.S., Bermuda and Barbados. OGL derives the vast majority of its income from management fees earned in connection with providing these services. The acquisition completed the Issuer’s transition to a property & casualty insurance holding company. The Issuer currently has 8 subsidiaries.

 

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DIRECTORY

LISTING SPONSOR

TRADING HOURS

08:30-09:00 Price Discovery
09:00-16:30 Continuous Trading

CONTACT DETAILS

TEL: +1 (441) 292 7212
FAX: +1 (441) 292 7619
Email: info@bsx.com

LOCATION

30 Victoria Street
3rd Floor
Hamilton, Bermuda

MAILING ADDRESS

P.O. Box HM 1369
Hamilton HMFX

Disclaimer

 

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