skip to main content

Our M&A lawyers are among the most experienced and effective in the world. We represent many of the world's largest publicly traded and privately held companies, as well as leading private equity firms, hedge funds, financial advisors and other financial institutions and investors on their most important merger, acquisitions and takeover transactions.

Maiden Holdings Announces Sale of U.S. Diversified Business to Enstar Group Limited

Paul, Weiss advised Maiden Holdings, Ltd., a Bermuda reinsurance company, in the sale of Maiden Reinsurance North America, Inc. (Maiden Re North America), a subsidiary of Maiden Holdings, to Enstar Group Limited. Maiden Re North America is a diversified insurance company domiciled in Missouri that provides property and casualty treaty reinsurance, casualty facultative reinsurance and accident and health treaty reinsurance. As part of the transaction, an Enstar subsidiary will novate and assume certain reinsurance agreements from Maiden Holdings’s Bermuda reinsurer, including certain reinsurance agreements with Maiden Re North America. The net consideration payable in the transactions is $307.5 million, subject to certain closing adjustments. Enstar will assume approximately $1.3 billion of net loss and loss adjustment expense reserves and unearned premium reserves upon closing.

The Paul, Weiss team included corporate partners Christopher Cummings and Adam Givertz and counsel Stephen Centa; tax partner Scott Sontag; employee benefits partner Andrew Gaines; intellectual property partner Claudine Meredith-Goujon; and antitrust counsel Marta Kelly.

August 31, 2018

© 2021 Paul, Weiss, Rifkind, Wharton & Garrison LLP

Privacy Policy