Hashtag: #GEROVA
Sweeping Changes At Troubled Gerova
Gerova Financial Group, Ltd., a diversified Bermuda financial services company, today [Feb. 11] announced a sweeping reorganisation of the board of directors and the management of Gerova. The company has accepted the resignation of four of the members of its board of directors, including Joseph J. Bianco, Keith Laslop, Arie Bos and Leonard de Waal. In... Read more of this article
Gerova Shares Plunge On NYSE
Shares in Bermuda-based Gerova have plunged in value after revelations the US Securities & Exchanges Commission had “serious doubts” about the worth of assets controlled by a money management firm the local insurer purchased last year. On the New York Stock Exchange, shares in Gerova closed at $21 yesterday [Feb.1] — down from a... Read more of this article
Gerova Unit’s Assets Questioned By SEC
Forbes today [Jan.25] reports the US Securities & Exchange Commission expressed “serious doubts” about the asset values of a money management firm purchased by Bermuda-based reinsurer Gerova last year. The value of Stillwater Capital Partners’ assets are of vital importance to Gerova, says the financial and business news outlet. “The... Read more of this article
Gerova Hires Kroll To Probe “Disinformation”
Gerova Financial Group, Ltd., the Bermuda-based diversified financial services company, said today [Jan. 18] it has retained the services of Kroll, the leading global intelligence and risk analysis firm, to investigate possible market manipulation and collusion aimed at driving down the price of Gerova’s stock. Gerova intends to make public the... Read more of this article
Gerova Acquires Ruby Portfolio for $105 Million
Gerova Financial Group, Ltd., a diversified Bermuda-based financial services company, announced today (Jan.5) that it has completed the acquisition of a portfolio of life insurance policies and loans on life insurance policies representing approximately $1.2 billion of in-force life insurance. The portfolio consists of 180 policies issued by highly... Read more of this article
Gerova to Buy Seymour Pierce
Gerova Financial Group Ltd. said today [Dec 7] it will acquire Seymour Piece Holdings Ltd. and take the London-based investment bank’s name. Upon completion of the acquisition, which has been unanimously approved by Gerova’s Board of Directors, Gerova will change its name to Seymour Pierce & Company Ltd. Gerova has also entered into... Read more of this article
GEROVA Shareholders Approve Move To BDA
GEROVA Financial Group, Ltd announced that shareholders at the extraordinary general meeting (EGM) held on August 30, 2010, approved the redomiciliation of the company from the Cayman Islands to Bermuda. GEROVA also announced that its Bermuda reinsurance subsidiary, GEROVA Reinsurance Ltd, has received its Certificate of Registration as a Long-Term... Read more of this article
GEROVA Reinsurance Receives BMA Approval
GEROVA Reinsurance, Ltd., a wholly-owned subsidiary of Bermuda-based GEROVA Holdings, Ltd., has received approval from the Bermuda Monetary Authority to be registered as a Long Term Insurer, authorizing GEROVA Reinsurance to underwrite life and annuity reinsurance in Bermuda. “Approval of our Bermuda reinsurance license is an important step... Read more of this article
New Company Headquarters In Bermuda
Saying that they believe Bermuda to be an “attractive location” with a “deep pool of local insurance talent”, a reinsurance company announced today it has established new headquarters for its insurance operations in Bermuda. GEROVA Financial Group, Ltd, an international reinsurance company, has new offices in the Cumberland... Read more of this article
