American Overseas Group Limited Announces Suspension of Dividend on Its Class B Preference Shares

HAMILTON, Bermuda, Feb. 23, 2016 -- 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. 

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. 

American Overseas Group Limited 
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