Maiden Holdings, Ltd. announced that it has acquired the reinsurance operations of GMAC Insurance (GMACI), including its book of assumed reinsurance business. As part of the transaction, which closed today, Maiden Holdings’ (Maiden) wholly owned subsidiary Maiden Holdings North America, Ltd. acquired GMAC RE LLC, the reinsurance managing general agent writing business on behalf [...]
Maiden Holdings Ltd.
GMAC Insurance (GMACI) and Maiden Holdings, Ltd. today announced that they have closed an agreement for the acquisition of GMACI’s reinsurance operations, GMAC RE, by Maiden Holdings’ wholly owned U.S. subsidiary, forming a dedicated U.S. reinsurance group, Maiden Re, based in Mt. Laurel, New Jersey.
With GMAC RE’s acknowledged leadership in reinsurance solutions, Maiden Re will [...]