23 December 2014 News

American Overseas appoints directors to subsidiaries

American Overseas Group has appointed a number of directors to its subsidiary companies.

Orpheus Group, a subsidiary of American Overseas Group, has appointed two new directors increasing the size of its board to seven from five. David Pickering and Conrad Voldstad have been appointed.

Pickering has also been appointed to the board of Reid Street Services, a captive management servicing company that primarily provides management services for affiliated companies. It is anticipated that Reid Street will begin to offer management services for third parties in 2015.

Voldstad and Sir Trevor Carmichael have been appointed to the board of American Overseas Reinsurance Company, an entity organised under the laws of Barbados, to replace Clement Dwyer and James Zech.

Pickering has over 30 years of experience in the insurance industry, with an emphasis on captive management. He currently serves as president/CEO of four insurance companies, is a director of a number of other insurance companies and a consultant to MarshIAS  Management Services (Bermuda).

Voldstad was CEO of the International Swaps and Derivatives Association and was founder and Senior Principal of Arlington Hill Investment Management. Voldstad also held senior positions with Merrill Lynch and JP Morgan.

Carmichael is the founder of Chancery Chambers, a Barbados law firm engaged primarily in international business law, environmental law and law related to charities. In November of 1992, he was the recipient on the National Honors List for his contribution to the law, financial services and the preservation of national heritage.

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