ESG Re senior officers have been buying the firm's shares recently, notwithstanding its awful performance, culminating in its de-listing by Nasdaq effective February 3.
A major shareholder in beleaguered Bermuda-based reinsurer ESG Re has called on directors to liquidate the firm or resign their seats on the board at the AGM on May 8. Peter M. Collery, President of New York-based investment advisor SC Fundamental LLC, believes the time has come to pull the plug on John C. Head III's latest reinsurance flop.