Maiden Holdings rises after agreeing to sell a U.S reinsurance team

|About: Maiden Hldgs Ltd (MHLD)|By:, SA News Editor

Maiden Holdings (MHLD +2.7%) gains after agreeing to sell its U.S. casualty facultative reinsurance team to Sompo Group (OTCPK:NHOLF).

The team consists of seven specialists who will continue to provide a range of services through its internet-based reinsurance platform. Terms of the deal weren't disclosed.

Maiden Holdings continues to evaluate all options to enhance shareholder value and will review any credible proposals it receives, says Maiden President and CEO Lawrence F. Metz.

Previously: Maiden Holdings slides 15% (Sept. 17)

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