Maiden Holdings, Ltd. (MHLD) and its subsidiary Maiden Holdings North America, Ltd. announced that effective September 1, Maiden Holdings North America acquired Integon Specialty Insurance Company from GMAC Insurance Management Corporation, a subsidiary of GMAC Inc. (GJM). Integon Specialty will be renamed Maiden Specialty, and will be a wholly owned subsidiary of Maiden Reinsurance Company. The Strategic Risk Specialists division of Maiden Holdings North America will also be renamed Maiden Specialty.
The acquisition concludes the November 2008 transactions related to Maiden's purchase of the reinsurance operation from GMAC Inc.
For comments and feedback: editorial@rttnews.com