Maiden buys GMAC Re

"GMAC, the financial arm of General Motors, has sold its reinsurance business, GMAC Re, to Bermuda-based Maiden Holdings Limited.
Terms of the sale were not disclosed.
The acquired business will be renamed Maiden Re, and will be based in Mount Laurel, New Jersey.
Around 120 GMAC employees will join the Maiden team.
For the past quarter century GMAC Re [...]" (2008-11-6)
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