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American Overseas Group Limited Announces Resignation of Director

Hamilton, Bermuda – 30 December, 2015 – American Overseas Group Limited (“AOG” or the “Company”; Ticker: AORE.BH; Pink Sheets: AOREF.PK) today announced that Conrad P. Voldstad has resigned from the Board of Directors of American Overseas Group Limited and its wholly owned subsidiary, Orpheus Group Limited.  Mr. Voldstad will remain a member of the Board of Directors of American Overseas Reinsurance Company Ltd.  

Information About the Company

American Overseas Group Limited is an insurance holding company incorporated in Bermuda and a tax resident of the United Kingdom.  Its operating subsidiary, American Overseas Reinsurance Company Ltd., 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.

SOURCE: American Overseas Group Limited