Delphi International Ltd., the parent of Bermuda-based specialty reinsurer Oracle Reinsurance Company Ltd., announced that a special general meeting of its shareholders, held on January 8, 2002, had approved the voluntary liquidation of the company and its subsidiaries.
The announcement confirmed that Delphi and its subsidiaries have now commenced liquidation under the Bermuda Companies Act of 1981, and that it expects that the liquidation procedures will be substantially completed by the end of March 2002.
Was this article valuable?
Here are more articles you may enjoy.
Alaska Airlines Vows IT Upgrades After Outage Forces 400 Flight Cancellations 
AIG Joins Private Equity Firm Onex to Acquire Re/Insurer Convex Group 
France Makes New Arrests in Louvre Heist; Jewels Still Not Found 
Florida Appeals Court Reverses $200M Jury Verdict in Maya Kowalski Case 
