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.
Banking Watchdogs Ramp Up AI Scrutiny as Stability Fears Mount, Sources Say 
Eastern States’ Grocers Shut Online Systems After Cyberattack 
AI Bubble Risks Worst S&P 500 Crash Since 2008, Strategist Says 
Europe’s Insurers Cut Coverage of Weather Losses, Report Says 
