Business
American Overseas Group Limited Announces Suspension of Dividend on Its Class B Preference Shares
American Overseas Group Limited Announces Suspension of Dividend on Its Class B Preference Shares.
About this update from American Overseas Group Limited
[{"type":"text","content":"\n\n HAMILTON, Bermuda, Feb. 23, 2016 (GLOBE NEWSWIRE) -- American Overseas Group Limited (BSX:AOREF.BH) (Pink Sheets:AOREF.PK) (“AORE”) today announced that the Board of Directors of its wholly owned subsidiary, American Overseas Reinsurance Company Limited (“the Company”), has suspended the dividend on its Class B preference shares to ensure liquidity to meet its operational needs. \n Information About the Company American Overseas Group Limited is an insurance holding company incorporated in Bermuda and a tax resident of the United Kingdom.   American Overseas Reinsurance Company Ltd., one of its operating subsidiaries, is a property/casualty reinsurance company that currently writes short tail non-catastrophe property/casualty reinsurance and historically wrote financial guaranty reinsurance for U.S. and international public finance and structured finance transactions.  The Company’s financial guaranty reinsurance business is in run-off.  More information can be found at www.aoreltd.com. \nAmerican Overseas Group Limited \[email protected] \n ","length":1702,"tagName":"div"}]