GEROVA Financial Group, Ltd. functioned as a reinsurance provider specializing in life and annuity contracts. The entity also extended services within the property and casualty insurance sectors. Established in 2007, the company maintained its principal operations in Hamilton, Bermuda. It was formerly recognized as Asia Special Situation Acquisition Corp. before adopting the GEROVA Financial Group, Ltd. designation in January 2010. As of July 20, 2012, GEROVA Financial Group, Ltd. entered into the process of liquidation.