American Overseas Group Limited Announces Appointment of Chief Financial Officer

American Overseas Group Limited Announces Appointment of Chief Financial
Officer

HAMILTON, Bermuda, Jan. 14, 2014 (GLOBE NEWSWIRE) -- American Overseas Group
Limited (BSX:AORE) (Pink Sheets:AORE) ("AOG" or the "Company") today announced
that Rochelle P. Fyfe, CFO of Orpheus Group, Ltd., has been appointed Chief
Financial Officer of the Company effective as of January 14, 2014. Ms. Fyfe is
currently a director of the Company.Ms. Fyfe has held positions of Senior
Manager at KPMG as well as Vice President of Finance and Controller for both
publicly traded and privately held insurance companies.Ms. Fyfe is a
Certified Public Accountant with twenty-five years of experience in the
insurance industry.

Information About the Company

American Overseas Group Limited is a Bermuda-based holding company.Its
operating subsidiary, American Overseas Reinsurance Company Ltd., is a
property/casualty reinsurance company that currently writes short tail
non-catastrophe property/casualty reinsurance and historically wrote financial
guaranty reinsurance for U.S. and international public finance and structured
finance transactions.The Company's financial guaranty reinsurance business is
in run-off.More information can be found at www.aoreltd.com.

CONTACT: American Overseas Group Limited
         info@aoreltd.com