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Maiden Holdings acquires Integon Specialty Insurance

 

Tuesday, Sep 08,2009, 11:19:38 AM   Click:

Maiden Holdings, Ltd., through its wholly-owned subsidiary Maiden Holdings North America, Ltd., has acquired Integon Specialty Insurance Company from GMAC Insurance Management Corporation, a subsidiary of GMAC, Inc.

Maiden Holdings is a Bermuda-based provider of reinsurance products and services to the property and casualty industry, while Integon Specialty is a US-based provider of property and casualty insurance services.

Announcement (November 3, 2008):

Maiden Holdings has entered into an agreement to acquire Integon Specialty from GMAC Insurance. 

Deal Type    Acquisition
Sub-Category Majority Acquisition
Deal Status  Completed: 2009-09-04

Deal Participants 

Target (Company)   Integon Specialty Insurance Company
Acquirer (Company) Maiden Holdings North America, Ltd.
Vendor (Company)   GMAC Insurance Management Corporation

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