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 | edit source]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
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