Maiden Holdings’ Sale of Renewal Rights to U.S. Treaty Reinsurance Business

Paul, Weiss advised Maiden Holdings, Ltd., a Bermuda reinsurance company, in the sale of the renewal rights to its U.S. treaty reinsurance underwriting business to Transatlantic Reinsurance Company.

Terms of the transaction were not disclosed.

Maiden Holdings Ltd., through its subsidiaries, focuses on providing non-catastrophic, customized reinsurance products and services. The company, led by Lawrence F Metz, Patrick J Haveron and Karen L Schmitt, in 2017 recorded $2.921 Billion Revenues.

The Paul, Weiss team included corporate partners Ellen Ching (Picture), Adam Givertz; tax partner Brian Grieve; employee benefits partner Andrew Gaines; and intellectual property counsel Jonathan Ashtor.

Involved fees earner: Ellen Ching – Paul Weiss Rifkind Wharton & Garrison; Adam Givertz – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Paul Weiss Rifkind Wharton & Garrison;

Clients: Maiden Holdings;

Author: Ambrogio Visconti