HAMILTON, Bermuda, May 27, 2015 (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"), declared a dividend on its Class B preference shares of $1,569.00 per Class B preference share. The dividend will be payable on June 16, 2015, to Class B preference shareholders of record on June 9, 2015.
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.