American Overseas Group Limited has named Ron Ballard as its new Chief Financial Officer (CFO), effective June 19th, 2018.
The company was established in Bermuda in 1998, and initially conducted all of its business through American Overseas Reinsurance Company Limited, which was also formed in Bermuda 20 years ago.
Ballard brings 25 years of property and casualty (P&C) insurance industry experience to the role, and he holds a BA in Economics from the University of Texas and a BBA, Accounting from Texas A&M University.
American Overseas Group Limited’s operating subsidiaries provide specialty P&C insurance, reinsurance and risk management services.
According to the firm’s website, its insured par peaked at $48.7 billion in early 2008, however, and in light of the financial crisis, the group stopped writing financial guarantee business and entered voluntary run-off in early 2009. By the end of 2012, insured par had fallen to $9.2 billion, which is when the group redomiciled to Barbados and emerged from run-off as a P&C reinsurer.
