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.
Cedents Find Competitive Market Conditions at Midyear Reinsurance Renewals: Brokers 
Climate Change Keeps Adding to List of Uninsurable Assets, Allianz Executive Says 
Agent-Carrier Relationships Improving, Survey Shows 
Ford’s AI Hiccups Lead Carmaker to Rehire ‘Gray Beard’ Engineers 
