Maiden Holdings to sell Swedish subsidiaries Maiden General and Maiden Life in all-cash deal

Maiden Holdings, Ltd.

Sold Maiden General and Maiden Life to a London-based group of international insurance/reinsurance companies.
All-cash transaction; subject to customary regulatory approvals.
CEO expects operating expenses to reduce by nearly 20% post-sale.
Existing staff and independent directors of both units will transition to new ownership.
Maiden was advised on the sale by Hines Associates.

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