Overseas Partners liquidation completed

By David Marchant

17 years ago

Topics

Bermuda Insurance USA

Keywords

Nigel Chatterjee Overseas Partners Ltd. Peter Mitchell United Parcel Service, Inc.

The members’ voluntary liquidation of Overseas Partners Ltd., once one of Bermuda’s largest reinsurers, has been completed.
Liquidators Peter Mitchell and Nigel Chatterjee declared a final distribution totaling $65 million, or $0.545 per share, to the company’s shareholders in November, 2007 and the company held its final General Meeting of Shareholders on December 28, 2007. OPL went members’ voluntary liquidation on January 31, 2006 but had been in run off since February 13, 2002.

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