AMERICAN OVERSEAS GROUP LIMITED

American Overseas Reinsurance Company Limited was formed in Bermuda in 1998 as a mono-line financial guarantee reinsurance company. In early 2008 its insured par peaked at $48.7 billion. In connection with the financial crisis, AORE ceased writing financial guarantee business and entered voluntary run-off in early 2009. By the end of 2012 insured par had declined to $9.2 billion, at which time AORE re-domesticated to Barbados and emerged from run-off as a specialty non-standard auto reinsurer.