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The latest update is out from Maiden Holdings ( (MHLD) ).
Maiden Holdings and Kestrel Group have entered into a combination agreement to form a new publicly listed specialty insurance group, with the transaction valuing Kestrel at up to $167.5 million. The new entity will be rebranded as Kestrel Group and listed on Nasdaq, combining the strengths of two values-driven organizations to optimize returns and deliver a fee-based insurance platform. Maiden anticipates incurring charges up to $150 million in the fourth quarter related to the resolution of liabilities not covered by the Enstar agreement, which may impact the company’s financial position.
More about Maiden Holdings
Maiden Holdings, Ltd. is a Bermuda-based holding company founded in 2007, focusing on insurance and related financial services industries. It manages and allocates assets and capital, providing legacy services to small insurance companies to develop finality solutions. Kestrel Group LLC, based in Dallas and Austin, Texas, offers insurance capacity and serves program managers, MGAs, reinsurers, and reinsurance brokers, aiming for enhanced efficiencies in the insurance value chain.
YTD Price Performance: -45.41%
Average Trading Volume: 104,849
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $124.2M
Learn more about MHLD stock on TipRanks’ Stock Analysis page.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
