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M&A Deal Summary

Enstar Group Acquires Maiden Reinsurance North America

On August 31, 2018, Enstar Group acquired insurance company Maiden Reinsurance North America from Maiden

Acquisition Highlights
  • This is Enstar Group’s 13th transaction in the Insurance sector.
  • This is Enstar Group’s 8th transaction in the United States.
  • This is Enstar Group’s 3rd transaction in New Jersey.

M&A Deal Summary
Date 2018-08-31
Target Maiden Reinsurance North America
Sector Insurance
Buyer(s) Enstar Group
Sellers(s) Maiden
Deal Type Divestiture

Target

Maiden Reinsurance North America

Laurel, New Jersey, United States
Maiden Reinsurance North America, Inc. is a diversified insurance company that provides property and casualty treaty reinsurance, casualty facultative reinsurance, and accident and health treaty reinsurance.

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Buyer(S) 1

Buyer

Enstar Group

Hamilton, Bermuda
Category Company
Founded 1993
Sector Insurance
Employees805
Revenue 864M USD (2021)
DESCRIPTION

Enstar Group is a insurance run-off services company that specializes in acquiring and managing reserves associated with discontinued books of property & casualty insurance and reinsurance business on a global basis. Enstar Group was founded in 2001 and is based in Hamilton, Bermuda.

DEAL STATS #
Overall 14 of 15
Sector: Insurance M&A 13 of 13
Type: Divestiture M&A Deals 8 of 9
State: New Jersey M&A 3 of 3
Country: United States M&A 8 of 9
Year: 2018 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-05 KaylaRe

Hamilton, Bermuda

KaylaRe Ltd. is a Class 4 reinsurer that aims to deliver superior risk-adjusted returns over market cycles through diversified asset allocation and selective underwriting.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-30 BorgWarner Morse TEC

Ithaca, New York, United States

BorgWarner Morse TEC LLC is a manufacturer of automotive parts and accessories. BorgWarner Morse TEC is based in Ithaca, New York.

Buy -

Seller(S) 1

SELLER

Maiden

Pembroke, Bermuda
Category Company
Founded 2007
Sector Insurance
Employees45
Revenue 83M USD (2023)
DESCRIPTION

Maiden is a provider of non-catastrophic, customized reinsurance products and services, to small and mid-size insurance companies. Maiden was founded in 2007 and is based in Pembroke, Bermuda.

DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: New Jersey M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-30 GMAC International Insurance Services

High Wycombe, United Kingdom

GMAC International Insurance Services Ltd. is a provider of of insurance products.

Buy -
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