HAMILTON, Bermuda, April 22, 2013 (GLOBE NEWSWIRE) -- Brit Insurance ("Brit") and Maiden Holdings, Ltd. (Nasdaq:MHLD) ("Maiden") today announced a temporary 100% quota share reinsurance of Maiden's Excess and Surplus ("E&S") unit, Maiden Specialty, with Brit Global Specialty. This arrangement will shortly evolve into Brit assuming all renewal rights through Brit Global Specialty USA ("BGSU"). BGSU is Brit's U.S. based service company, accessing non-Lloyd's distribution channels. BGSU will ultimately be writing the renewals of the assumed business into Brit Syndicates 2987.
Brit Global Specialty Acquires Renewal Rights And Underwriting Platform Of Maiden Holdings' E&S Property Business
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