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GEROVA Financial Group

GEROVA Financial Group, Ltd (NYSE: GFC) is an international reinsurance company with operating insurance subsidiaries in Bermuda, Barbados, and Ireland.

Acquisitions and name changes edit

Gerova was previously named Asia Special Situations Acquisition Corporation. The name was changed in February 2010.[1]

As Asia Special Situations Acquisition Corporation, the company attempted to acquire White Energy, an Australian coal mining firm, in 2009.[2] However, that deal did not occur.[3]

On December 7, 2010, Gerova announced agreements, subject to approval, to acquire Seymour Pierce, a small London investment bank and Ticonderoga Securities, a New York securities broker.[4] If the transactions close, Gerova would use the Seymour Pierce name.

References edit

  1. ^ . The Street. February 1, 2010. Archived from the original on 2012-10-10.
  2. ^ "White Energy Affiliate Enters Into Bank Debt Facility With Standard Chartered Bank". MarketWire. September 21, 2009.
  3. ^ "White Energy Ditches Planned Merger For A$100M Raising". White Energy. November 11, 2009. Archived from the original on February 9, 2013.
  4. ^ . New York: Bloomberg Business Week. December 7, 2010. Archived from the original on 2011-03-21.


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