Reinsurance News
American Overseas Group Limited
American Overseas reports $6.2m increase in P&C premiums for Q2’24
1st October 2024
American Overseas Group, a Bermuda-based property & casualty (P&C) holding company, reported a significant rise in net earned P&C premiums for Q2 2024, increasing by $6.2 million from $6.5 million last year to $12.7 million. Gross written premiums also saw a notable increase, growing by $70.9 million from $164.3 million to ... Read the full article
American Overseas posts rise in net earned P&C premiums in Q2 results
2nd October 2023
American Overseas Group Limited has reported a consolidated net income available to common shareholders of $0.9 million, for the second quarter of 2023. This figure compares to a consolidated net loss available to common shareholders of $0.3 million from the same period last year. At the same time, net earned property and ... Read the full article
American Overseas reports $0.4mn net loss in Q3 results
3rd January 2023
American Overseas Group Limited has reported a net loss of $0.4 million for the third quarter of 2022, compared to a $1.8 million net loss from the same period last year. At the same time, the company's operating loss for the Q3 was $0.4 million, compared to last years loss of ... Read the full article
American Overseas commutes remaining AGM reinsurance portfolio
7th May 2020
American Overseas Reinsurance Company, a division of American Overseas Group Limited, has entered into a commutation, reassumption and release agreement with Assured Guaranty Municipal Corp. (AGM). The agreement sees the company's reinsurance operating subsidiary commute the remaining $345 million outstanding par value of financial guaranty reinsurance business it had assumed from ... Read the full article
American Overseas Group to commute portion of AGM reinsurance portfolio
25th June 2019
American Overseas Group, the Bermuda-based property & casualty holding company, has announced that it plans to commute a portion of the financial guaranty reinsurance business it assumed from Assured Guaranty Municipal Corporation (AGM). AGM, a provider of financial guaranty insurance, entered into a Commutation, Reassumption and Release Agreement with American Overseas’ ... Read the full article
American Overseas Group appoints new CFO
26th June 2018
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 ... Read the full article
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