American Overseas Reinsurance Company Limited, Bumuda

American Overseas Reinsurance Company Limited was formed in Bermuda in 1998 as a mono-line financial guarantee reinsurance company.  In early 2008 its insured par peaked at $48.7 billion.  In connection with the financial crisis, AORE ceased writing financial guarantee business and entered voluntary run-off in early 2009.  By the end of 2012 insured par had declined to $9.2 billion, at which time