Ram Holdings Ltd. (AORE) 10.2500 $AORE
American Overseas Group Limited Announces Acquisition of Orpheus Group Ltd.
GlobeNewswire - Wed Oct 29, 4:30PM CDT
American Overseas Group Limited (BSX:AORE.BH) (Pink Sheets:AOREF.PK) ("AOG" or the "Company"
today announced the acquisition of Orpheus Group Ltd. (together with its subsidiaries, "Orpheus", formerly the principal shareholder of the Company, for a combination of common stock and senior notes. Following the transaction, the Company's outstanding common shares increased from 27,492 shares to 42,914 shares, net of treasury stock. The Company also issued approximately $43.9 million of senior notes in connection with the transaction.
American Overseas Group Limited Announces Completion of Reverse Stock Split, Effective October 15, 2014
GlobeNewswire - Fri Oct 24, 3:49PM CDT
American Overseas Group Limited (BSX:AORE.BH) (Pink Sheets:AOREF.PK) ("AOG" or the "Company" today announced the completion of the reverse stock split of the Company's issued common shares (the "Consolidation", effective on the Bermuda Stock Exchange close of market in Bermuda on October 15, 2014 (the "Effective Time".
American Overseas Group Limited Announces Reverse Stock Split, Effective October 15, 2014
GlobeNewswire - Thu Oct 02, 4:58PM CDT
American Overseas Group Limited (BSX:AORE.BH) (Pink Sheets:AORE.PK) ("AOG" or the "Company" today announced that the effective time of the reverse stock split of the Company's issued common shares (the "Consolidation" will occur at the close of business in Bermuda on October 15, 2014 (the "Effective Time".
American Overseas Group Limited Announces Dividend on Its Class B Preference Shares
GlobeNewswire - Tue Sep 30, 4:39PM CDT
American Overseas Group Limited (BSX:AORE.BH) (Pink Sheets:AORE.PK) ("AORE" today announced that the Board of Directors of its wholly owned subsidiary, American Overseas Reinsurance Company Limited ("AORE" or "the Company", declared a dividend on its Class B preference shares of $1,569.00 per Class B preference share. The dividend will be payable on December 16, 2014, to Class B preference shareholders of record on December 9, 2014.
RESULTS OF OPERATIONS THROUGH JUNE 30, 2014 - American Overseas Group Limited Announces Net Loss of $1.1 Million and Operating Income of $1.6 Million through June 30, 2014
GlobeNewswire - Mon Sep 29, 3:27PM CDT
American Overseas Group Limited (BSX:AORE.BH) (Pink Sheets:AORE.PK) ("AOG" or the "Company" today reported net loss of $1.1 million, or $0.38 per diluted share, for the six months ended June 30, 2014. This compares to a net loss of $2.1 million, or $0.77 per diluted share, for the first six months of 2013. Property/casualty premiums earned for the six months ended June 30, 2014 were $8.6 million compared to $7.7 million for the first six months of 2013. The results for the first six months of 2014 were impacted by net unrealized losses on credit derivatives of $2.4 million. Book value per share at June 30, 2014 was $27.92, an increase of 1% from year-end 2013 when book value per share was $27.54.
American Overseas Group Limited Announces Establishment of Trust for the Benefit of Holders of American Overseas Reinsurance Company Limited Class B Preference Shares
GlobeNewswire - Mon Jul 21, 4:24PM CDT
American Overseas Group Limited (BSX:AORE.BH) (Pink Sheets:AORE.PK) ("AOG" today announced that its wholly owned subsidiary, American Overseas Reinsurance Company Limited ("AORE" or "the Company", established an irrevocable trust (the "Class B Security Trust" for the benefit of the holders of its Preference Shares, Class B (the "Class B Shares". The Company deposited assets valued at $2.050 million in the Class B Security Trust. Butterfield Trust (Bermuda) Limited has been appointed Trustee of the Class B Security Trust and the Company has been appointed as its investment manager. The Company has been authorized to redeem Class B Shares at any time for an amount that is not in excess of the Holder's pro-rata share of the assets in the Class B Security Trust. Establishment of the AORE Series B Security Trust does not alter the Company's obligations to the holders of the Class B Shares.
American Overseas Group Limited Announces Appointment of Executive Vice President
GlobeNewswire - Tue Jul 01, 3:00PM CDT
American Overseas Group Limited (BSX:AORE.BH) (Pink Sheets:AORE) ("AOG" or the "Company" today announced that David Alexander, has been appointed Executive Vice President of the Company effective as of July 1, 2014. Mr. Alexander comes to the Company from Marsh IAS Management Services (Bermuda) Ltd., ("Marsh IAS", the Island's largest Captive Management company, where he was Senior Vice President and was a member of the senior management team in Bermuda. Prior to Marsh, Mr. Alexander was Senior Vice President of International Advisory Services, Ltd. ("IAS", managing a team of qualified accountants and other professionals responsible for the day to day operations of third party captive insurance clients. In addition, Mr. Alexander was responsible for the run off of the IPC Companies, the rent-a-captive operation of Mutual Risk Management Ltd. ("MRM". Before joining MRM, Mr. Alexander held positions at Coopers and Lybrand in Bermuda, and Touche Ross and Scottish Provident Life Assurance Company in his native Scotland.
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.
GPRE: 33.35 (+0.34)
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 Acquisition of Orpheus Group Ltd.
GlobeNewswire - Wed Oct 29, 4:30PM CDT
American Overseas Group Limited (BSX:AORE.BH) (Pink Sheets:AOREF.PK) ("AOG" or the "Company"
today announced the acquisition of Orpheus Group Ltd. (together with its subsidiaries, "Orpheus", formerly the principal shareholder of the Company, for a combination of common stock and senior notes. Following the transaction, the Company's outstanding common shares increased from 27,492 shares to 42,914 shares, net of treasury stock. The Company also issued approximately $43.9 million of senior notes in connection with the transaction. American Overseas Group Limited Announces Completion of Reverse Stock Split, Effective October 15, 2014
GlobeNewswire - Fri Oct 24, 3:49PM CDT
American Overseas Group Limited (BSX:AORE.BH) (Pink Sheets:AOREF.PK) ("AOG" or the "Company"
today announced the completion of the reverse stock split of the Company's issued common shares (the "Consolidation", effective on the Bermuda Stock Exchange close of market in Bermuda on October 15, 2014 (the "Effective Time". American Overseas Group Limited Announces Reverse Stock Split, Effective October 15, 2014
GlobeNewswire - Thu Oct 02, 4:58PM CDT
American Overseas Group Limited (BSX:AORE.BH) (Pink Sheets:AORE.PK) ("AOG" or the "Company"
today announced that the effective time of the reverse stock split of the Company's issued common shares (the "Consolidation" will occur at the close of business in Bermuda on October 15, 2014 (the "Effective Time". American Overseas Group Limited Announces Dividend on Its Class B Preference Shares
GlobeNewswire - Tue Sep 30, 4:39PM CDT
American Overseas Group Limited (BSX:AORE.BH) (Pink Sheets:AORE.PK) ("AORE"
today announced that the Board of Directors of its wholly owned subsidiary, American Overseas Reinsurance Company Limited ("AORE" or "the Company", declared a dividend on its Class B preference shares of $1,569.00 per Class B preference share. The dividend will be payable on December 16, 2014, to Class B preference shareholders of record on December 9, 2014. RESULTS OF OPERATIONS THROUGH JUNE 30, 2014 - American Overseas Group Limited Announces Net Loss of $1.1 Million and Operating Income of $1.6 Million through June 30, 2014
GlobeNewswire - Mon Sep 29, 3:27PM CDT
American Overseas Group Limited (BSX:AORE.BH) (Pink Sheets:AORE.PK) ("AOG" or the "Company"
today reported net loss of $1.1 million, or $0.38 per diluted share, for the six months ended June 30, 2014. This compares to a net loss of $2.1 million, or $0.77 per diluted share, for the first six months of 2013. Property/casualty premiums earned for the six months ended June 30, 2014 were $8.6 million compared to $7.7 million for the first six months of 2013. The results for the first six months of 2014 were impacted by net unrealized losses on credit derivatives of $2.4 million. Book value per share at June 30, 2014 was $27.92, an increase of 1% from year-end 2013 when book value per share was $27.54. American Overseas Group Limited Announces Establishment of Trust for the Benefit of Holders of American Overseas Reinsurance Company Limited Class B Preference Shares
GlobeNewswire - Mon Jul 21, 4:24PM CDT
American Overseas Group Limited (BSX:AORE.BH) (Pink Sheets:AORE.PK) ("AOG"
today announced that its wholly owned subsidiary, American Overseas Reinsurance Company Limited ("AORE" or "the Company", established an irrevocable trust (the "Class B Security Trust" for the benefit of the holders of its Preference Shares, Class B (the "Class B Shares". The Company deposited assets valued at $2.050 million in the Class B Security Trust. Butterfield Trust (Bermuda) Limited has been appointed Trustee of the Class B Security Trust and the Company has been appointed as its investment manager. The Company has been authorized to redeem Class B Shares at any time for an amount that is not in excess of the Holder's pro-rata share of the assets in the Class B Security Trust. Establishment of the AORE Series B Security Trust does not alter the Company's obligations to the holders of the Class B Shares. American Overseas Group Limited Announces Appointment of Executive Vice President
GlobeNewswire - Tue Jul 01, 3:00PM CDT
American Overseas Group Limited (BSX:AORE.BH) (Pink Sheets:AORE) ("AOG" or the "Company"
today announced that David Alexander, has been appointed Executive Vice President of the Company effective as of July 1, 2014. Mr. Alexander comes to the Company from Marsh IAS Management Services (Bermuda) Ltd., ("Marsh IAS", the Island's largest Captive Management company, where he was Senior Vice President and was a member of the senior management team in Bermuda. Prior to Marsh, Mr. Alexander was Senior Vice President of International Advisory Services, Ltd. ("IAS", managing a team of qualified accountants and other professionals responsible for the day to day operations of third party captive insurance clients. In addition, Mr. Alexander was responsible for the run off of the IPC Companies, the rent-a-captive operation of Mutual Risk Management Ltd. ("MRM". Before joining MRM, Mr. Alexander held positions at Coopers and Lybrand in Bermuda, and Touche Ross and Scottish Provident Life Assurance Company in his native Scotland. 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. GPRE: 33.35 (+0.34)
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. 
