Hashtag: #GEROVA

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