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All have "Limited" after their names (with the "Limited" not shown below purely to avoid unnecessary duplication). Enstar Group Ltd has completed its acquisition of a US subsidiary of fellow Bermuda-based company Maiden Holdings Ltd.

This list excludes entities trading in Bermuda but not registered as incorporated (showing "Limited" after their name). Enstar, a company that specializes in acquiring and managing companies and portfolios in run-off, said last night it paid out $272.4 million to buy Maiden Reinsurance North America, Inc.

Maiden Re North America is a diversified insurance company, domiciled in Missouri, that provides property and casualty treaty reinsurance, casualty facultative reinsurance and accident and health treaty reinsurance.

As previously disclosed, the transaction included novation and retrocession agreements pursuant to which the companys subsidiary, Cavello Bay Reinsurance Ltd, assumed certain Maiden Re business in exchange for a ceding commission.

The $272.4 million represents the adjusted purchase price less the ceding commission.

At closing, Enstar assumed approximately $1.3 billion of net loss and loss adjustment expense reserves and unearned premium reserves.

Enstar is a market leader in completing legacy acquisitions, having acquired over 80 companies and portfolios since its formation in 2001.

Enstars active underwriting businesses include the Star Stone group of companies, an A- rated global specialty insurance group with multiple global underwriting platforms, and the Atrium group of companies, which manage and underwrite specialist insurance and reinsurance business for Lloyds Syndicate 609.

Enstar Group shares gained $2.34, or 1.46 per cent on the Nasdaq Stock Exchange yesterday, while Maiden Holdings rose four cents, or 2.7 per cent, to close on $1.52.2018. Shares of Bermuda-based reinsurer Maiden Holdings plummeted 31.8 per cent yesterday, after the company announced a hefty third-quarter loss when analysts had forecast a profit.

The company also continued its ongoing restructuring by striking a loss portfolio transfer deal with fellow Bermuda-based company Enstar Group.

Maidens shares fell $1.12 to $2.41 on New Yorks Nasdaq Stock Exchange after it announced a net loss of $308.8 million.

The operating loss was $235.1 million, or $2.83 per share, compared to analysts consensus expectation of an 18 cents per share operating profit.