Latest Ram Holdings Ltd. (AORE) Headlines Ame
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Posted On: 03/08/2014 8:31:17 PM
Latest Ram Holdings Ltd. (AORE) Headlines
American Overseas Group Limited Announces Establishment of Trust for the Benefit of Holders of Series A Preference Shares
GlobeNewswire - Wed Feb 19, 3:32PM CST
American Overseas Group Limited (BSX:AORE) (Pink Sheets:AORE) ("AOG" or the "Company") today announced that the Company established an irrevocable trust (the "Series A Trust") for the benefit of the holders of its Preference Shares, Series A (the "Series A Shares"). The Company deposited assets valued at $3 million in the Series A Trust. Butterfield Trust (Bermuda) Limited has been appointed Trustee of the Series A Trust and the Company has been appointed as its investment manager. The Company believes that the funds deposited in the Series A Trust will be sufficient to meet its obligation to the holders of the Series A Shares at maturity on December 15, 2066. Establishment of the Series A Trust does not alter the Company's obligations to the holders of the Series A Shares.
American Overseas Group Limited Announces Appointment of Chief Financial Officer
GlobeNewswire - Tue Jan 14, 2:54PM CST
American Overseas Group Limited (BSX:AORE) (Pink Sheets:AORE) ("AOG" or the "Company") today announced that Rochelle P. Fyfe, CFO of Orpheus Group, Ltd., has been appointed Chief Financial Officer of the Company effective as of January 14, 2014. Ms. Fyfe is currently a director of the Company. Ms. Fyfe has held positions of Senior Manager at KPMG as well as Vice President of Finance and Controller for both publicly traded and privately held insurance companies. Ms. Fyfe is a Certified Public Accountant with twenty-five years of experience in the insurance industry.
American Overseas Group Limited Announces Repurchase of Fifty (50) American Overseas Reinsurance Limited Class B Preference Shares
GlobeNewswire - Mon Dec 30, 1:33PM CST
On December 27, 2013, American Overseas Reinsurance Company Limited ("AORE") completed a private repurchase of fifty (50) Class B Preference Shares (the "Shares") from a holder (the "Holder"). Under the terms of the repurchase agreement, AORE repurchased the Shares at a price of $25,000 per share from the Holder, for an aggregate price of $1,250,000. The Company expects that the repurchase of the Shares will result in a reduction of Noncontrolling interest of $811,442 on the Company's consolidated balance sheet during the fourth quarter of 2013, leaving $6,053,357 of Noncontrolling interest subsequent to the repurchase. The Company expects that a reduction of $438,558 of shareholders' equity also will be recorded on the Company's consolidated balance sheet during the fourth quarter of 2013 as a result of the repurchase of the Shares.
American Overseas Group Limited Announces Third Quarter 2013 Net Income of $9.6 Million and Operating Income of $1.6 Million
GlobeNewswire - Fri Dec 20, 3:00PM CST
American Overseas Group Limited (BSX:AORE) (Pink Sheets:AORE) ("AOG" or the "Company") today reported net income of $9.6 million, or $3.49 per diluted share, for the quarter ended September 30, 2013. This compares to a net income of $5.8 million, or $2.20 per diluted share, for the third quarter of 2012. The net income for the first nine months of 2013 was $7.4 million, or $2.72 per diluted share. This compares to a net loss of $1.1 million, or $0.41 per diluted share, for the first nine months of 2012. Property/casualty premiums earned for the nine months ended September 30, 2013 were $12.0 million compared to $0 for the first nine months of 2012. The results for the third quarter and first nine months of 2013 were impacted by net unrealized gains on credit derivatives of $7.2 million and by net unrealized losses on credit derivatives of $0.5 million, respectively. Book value per share at September 30, 2013 was $26.84, an increase of 3% from year-end 2012 when book value per share was $26.15.
American Overseas Group Limited Announces Closing of Private Repurchase of Class B Preference Shares
GlobeNewswire - Thu Jul 18, 5:43PM CDT
American Overseas Group Limited (BSX:AORE) (Pink Sheets:AORE) (the "Company") today announced that its operating subsidiary, American Overseas Reinsurance Company Limited ("AORE"), has completed a private repurchase of its Class B Preference Shares (the "Shares") from a holder (the "Holder"). Under the terms of the repurchase agreement, AORE repurchased nine (9) of its Shares at a price of $25,000 per share from the Holder, for an aggregate repurchase price of $225,000.
American Overseas Group Limited Announces First Quarter 2013 Net Loss Available to Common Shareholders of $14.0 Million and Operating Income of $4.2 Million
GlobeNewswire - Tue Jul 02, 7:45PM CDT
American Overseas Group Limited (BSX:AORE) (Pink Sheets:AORE) ("AOG" or the "Company") today reported first quarter net loss available to common shareholders of $14.0 million, or $5.13 per diluted share. This compares to net loss available to common shareholders of $4.5 million, or $1.69 per diluted share, for the first quarter 2012.
American Overseas Group Limited Announces Fourth Quarter 2012 Net Loss Available to Common Shareholders of $21.8 Million and an Operating Loss of $9.6 Million
GlobeNewswire - Wed May 01, 5:05PM CDT
American Overseas Group Limited (BSX:AORE) (Pink Sheets:AORE) ("AOG" or the "Company") today reported a net loss available to common shareholders of $21.8 million, or $8.08 per diluted share, for the fourth quarter ended December 31, 2012. This compares to a net loss available to common shareholders of $30.5 million, or $11.55 per diluted share, for the fourth quarter ended December 31, 2011. Net loss available to common shareholders for the year ended December 31, 2012 was $22.9 million, or $8.58 per diluted share, compared to net income available to common shareholders of $0.9 million, or $0.34 per diluted share, for the year ended December 31, 2011.
American Overseas Group Limited Announces Third Quarter 2012 Net Income Available to Common Shareholders of $5.8 Million and Operating Income of $0.9 Million
Business Wire - Fri Dec 21, 3:42PM CST
American Overseas Group Limited (BSX:AORE.BH) (Pink Sheets: AORE.PK) ("AOG" or the "Company") today reported third quarter 2012 net income available to common shareholders of $5.8 million, or $2.20 per diluted share. This compares to net income available to common shareholders of $26.9 million, or $10.17 per diluted share, for the third quarter 2011. Net loss available to common shareholders for the nine month period ended September 30, 2012 was $1.1 million, or $0.41 per diluted share, compared to net income of $31.4 million, or $11.86 per diluted share, for the nine month period ended September 30, 2011.
American Overseas Group Limited Announces Establishment of Trust for the Benefit of Holders of Series A Preference Shares
GlobeNewswire - Wed Feb 19, 3:32PM CST
American Overseas Group Limited (BSX:AORE) (Pink Sheets:AORE) ("AOG" or the "Company") today announced that the Company established an irrevocable trust (the "Series A Trust") for the benefit of the holders of its Preference Shares, Series A (the "Series A Shares"). The Company deposited assets valued at $3 million in the Series A Trust. Butterfield Trust (Bermuda) Limited has been appointed Trustee of the Series A Trust and the Company has been appointed as its investment manager. The Company believes that the funds deposited in the Series A Trust will be sufficient to meet its obligation to the holders of the Series A Shares at maturity on December 15, 2066. Establishment of the Series A Trust does not alter the Company's obligations to the holders of the Series A Shares.
American Overseas Group Limited Announces Appointment of Chief Financial Officer
GlobeNewswire - Tue Jan 14, 2:54PM CST
American Overseas Group Limited (BSX:AORE) (Pink Sheets:AORE) ("AOG" or the "Company") today announced that Rochelle P. Fyfe, CFO of Orpheus Group, Ltd., has been appointed Chief Financial Officer of the Company effective as of January 14, 2014. Ms. Fyfe is currently a director of the Company. Ms. Fyfe has held positions of Senior Manager at KPMG as well as Vice President of Finance and Controller for both publicly traded and privately held insurance companies. Ms. Fyfe is a Certified Public Accountant with twenty-five years of experience in the insurance industry.
American Overseas Group Limited Announces Repurchase of Fifty (50) American Overseas Reinsurance Limited Class B Preference Shares
GlobeNewswire - Mon Dec 30, 1:33PM CST
On December 27, 2013, American Overseas Reinsurance Company Limited ("AORE") completed a private repurchase of fifty (50) Class B Preference Shares (the "Shares") from a holder (the "Holder"). Under the terms of the repurchase agreement, AORE repurchased the Shares at a price of $25,000 per share from the Holder, for an aggregate price of $1,250,000. The Company expects that the repurchase of the Shares will result in a reduction of Noncontrolling interest of $811,442 on the Company's consolidated balance sheet during the fourth quarter of 2013, leaving $6,053,357 of Noncontrolling interest subsequent to the repurchase. The Company expects that a reduction of $438,558 of shareholders' equity also will be recorded on the Company's consolidated balance sheet during the fourth quarter of 2013 as a result of the repurchase of the Shares.
American Overseas Group Limited Announces Third Quarter 2013 Net Income of $9.6 Million and Operating Income of $1.6 Million
GlobeNewswire - Fri Dec 20, 3:00PM CST
American Overseas Group Limited (BSX:AORE) (Pink Sheets:AORE) ("AOG" or the "Company") today reported net income of $9.6 million, or $3.49 per diluted share, for the quarter ended September 30, 2013. This compares to a net income of $5.8 million, or $2.20 per diluted share, for the third quarter of 2012. The net income for the first nine months of 2013 was $7.4 million, or $2.72 per diluted share. This compares to a net loss of $1.1 million, or $0.41 per diluted share, for the first nine months of 2012. Property/casualty premiums earned for the nine months ended September 30, 2013 were $12.0 million compared to $0 for the first nine months of 2012. The results for the third quarter and first nine months of 2013 were impacted by net unrealized gains on credit derivatives of $7.2 million and by net unrealized losses on credit derivatives of $0.5 million, respectively. Book value per share at September 30, 2013 was $26.84, an increase of 3% from year-end 2012 when book value per share was $26.15.
American Overseas Group Limited Announces Closing of Private Repurchase of Class B Preference Shares
GlobeNewswire - Thu Jul 18, 5:43PM CDT
American Overseas Group Limited (BSX:AORE) (Pink Sheets:AORE) (the "Company") today announced that its operating subsidiary, American Overseas Reinsurance Company Limited ("AORE"), has completed a private repurchase of its Class B Preference Shares (the "Shares") from a holder (the "Holder"). Under the terms of the repurchase agreement, AORE repurchased nine (9) of its Shares at a price of $25,000 per share from the Holder, for an aggregate repurchase price of $225,000.
American Overseas Group Limited Announces First Quarter 2013 Net Loss Available to Common Shareholders of $14.0 Million and Operating Income of $4.2 Million
GlobeNewswire - Tue Jul 02, 7:45PM CDT
American Overseas Group Limited (BSX:AORE) (Pink Sheets:AORE) ("AOG" or the "Company") today reported first quarter net loss available to common shareholders of $14.0 million, or $5.13 per diluted share. This compares to net loss available to common shareholders of $4.5 million, or $1.69 per diluted share, for the first quarter 2012.
American Overseas Group Limited Announces Fourth Quarter 2012 Net Loss Available to Common Shareholders of $21.8 Million and an Operating Loss of $9.6 Million
GlobeNewswire - Wed May 01, 5:05PM CDT
American Overseas Group Limited (BSX:AORE) (Pink Sheets:AORE) ("AOG" or the "Company") today reported a net loss available to common shareholders of $21.8 million, or $8.08 per diluted share, for the fourth quarter ended December 31, 2012. This compares to a net loss available to common shareholders of $30.5 million, or $11.55 per diluted share, for the fourth quarter ended December 31, 2011. Net loss available to common shareholders for the year ended December 31, 2012 was $22.9 million, or $8.58 per diluted share, compared to net income available to common shareholders of $0.9 million, or $0.34 per diluted share, for the year ended December 31, 2011.
American Overseas Group Limited Announces Third Quarter 2012 Net Income Available to Common Shareholders of $5.8 Million and Operating Income of $0.9 Million
Business Wire - Fri Dec 21, 3:42PM CST
American Overseas Group Limited (BSX:AORE.BH) (Pink Sheets: AORE.PK) ("AOG" or the "Company") today reported third quarter 2012 net income available to common shareholders of $5.8 million, or $2.20 per diluted share. This compares to net income available to common shareholders of $26.9 million, or $10.17 per diluted share, for the third quarter 2011. Net loss available to common shareholders for the nine month period ended September 30, 2012 was $1.1 million, or $0.41 per diluted share, compared to net income of $31.4 million, or $11.86 per diluted share, for the nine month period ended September 30, 2011.
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