Maiden Holdings to sell Swedish subsidiaries, terms undisclosed

Maiden Holdings (MHLD) announced that it had entered into an agreement to sell its Swedish subsidiaries, Maiden General Forsakrings and Maiden Life Forsakrings to an expanding group of international insurance and reinsurance companies headquartered in London. Maiden General and Maiden Life were the principal operating subsidiaries of the company’s International Insurance Services platform. The transaction is subject to customary regulatory approvals. The sale will be an all-cash transaction and pursuant to the terms of the agreement, all existing staff and independent directors of both Maiden General and Maiden Life will transition to the new ownership group.