Maiden Holdings Announces Completion of Sale of Maiden Reinsurance North America, Inc.
December 27 2018 - 5:34PM
Maiden Holdings, Ltd. (NASDAQ: MHLD) (“Maiden” or “the Company”)
today announced that its subsidiary, Maiden Holdings North America,
Ltd., has completed the sale of Maiden Reinsurance North America,
Inc. (“Maiden US”) to Enstar Group Limited (“Enstar”) for net
consideration of $272.4 million, including initial estimated
closing adjustments. At closing, approximately $1.3 billion of
legacy reinsurance liabilities for Maiden’s US Diversified Business
were acquired by Enstar.
About Maiden Holdings, Ltd.
Maiden Holdings, Ltd. is a Bermuda-based holding
company formed in 2007. The Company is focused on serving the
needs of regional and specialty insurers in Europe and select other
global markets by providing innovative reinsurance solutions
designed to support their capital needs.
CONTACT:Bill Horning, Senior Vice President,
Investor RelationsMaiden Holdings, Ltd.Phone: 856.359.2532E-mail:
bhorning@maiden.bm
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