{"id":393461,"date":"2020-12-04T08:03:24","date_gmt":"2020-12-04T13:03:24","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=393461"},"modified":"2020-12-04T08:03:24","modified_gmt":"2020-12-04T13:03:24","slug":"maiden-holdings-ltd-announces-formation-of-genesis-legacy-solutions","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/maiden-holdings-ltd-announces-formation-of-genesis-legacy-solutions\/","title":{"rendered":"Maiden Holdings, Ltd. Announces Formation of Genesis Legacy Solutions"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Maiden Holdings, Ltd. Announces Formation of Genesis Legacy Solutions<\/b><\/p>\n<p>PEMBROKE, Bermuda&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nMaiden Holdings, Ltd. (NASDAQ: MHLD) (&#8220;Maiden&#8221;) today announced the formation of Genesis Legacy Solutions (\u201cGLS\u201d). GLS will specialize in providing a full range of legacy services to small U.S. insurance entities, particularly those in run-off or with blocks of reserves that are no longer core, working with clients to develop and implement finality solutions including acquiring entire companies. The Genesis team will be led by Brian Johnston as Chief Executive Officer and Chief Financial Officer, joined by Tom Hodson as Deputy CEO and General Counsel and Stephanie Mocatta, Executive Vice President, leading GLS\u2019s business development. The GLS team has extensive experience in the finality and legacy solutions segment, most recently at SOBC DARAG, and specializes in solutions oriented for smaller insurance companies.\n<\/p>\n<p>\nJohnston stated: \u201cWe are delighted to be working with Pat, Larry and the Maiden team. There is depth and breadth of insurance knowledge within Maiden which is both complementary to the GLS team and will allow us to grow and develop our business. Maiden have been extremely positive about GLS\u2019s business plan and are keen to help us expand.\u201d\n<\/p>\n<p>\nMaiden\u2019s Co-Chief Executive Officers Patrick J. Haveron and Lawrence F. Metz stated: \u201cThe formation of GLS is highly complementary to our overall longer-term strategy. GLS, along with other recent insurance industry investments, are enabling Maiden to leverage its knowledge base while not re-entering active underwriting and maintaining an efficient operating profile. We believe the GLS team will not only enhance Maiden\u2019s profitability through both fee income and effective claims management services, but it will also increase our asset base through the addition of blocks of reserves or companies that can be successfully wound down. This should further enhance our ability to pursue the asset and capital management pillars of our strategy. The GLS team brings a wealth of knowledge, experience and well-known market presence that should enable them to quickly activate its strategy. We are excited to have the GLS team join Maiden and look forward to supporting Brian, Tom, Stephanie and the team in developing and growing GLS.\u201d\n<\/p>\n<p><b><span class=\"bwuline\">About Maiden Holdings, Ltd.<\/span><\/b><\/p>\n<p>\nMaiden Holdings, Ltd. is a Bermuda-based holding company formed in 2007.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201204005077r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20201204005077\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20201204005077\/en\/<\/a><\/span><\/p>\n<p><span class=\"bwuline\">Contact at GLS:<br \/>\n<\/span><br \/>For corporate information:<br \/>\n<br \/>Brian Johnston: <a rel=\"nofollow\" href=\"mailto:brian.johnston@glslimited.com\">brian.johnston@glslimited.com<\/a> +1 (215) 805-0272<br \/>\n<br \/>Tom Hodson: <a rel=\"nofollow\" href=\"mailto:thomas.hodson@glslimited.com\">thomas.hodson@glslimited.com<\/a> +1(860) 614-3656\n<\/p>\n<p>\nTo discuss a specific opportunity:<br \/>\n<br \/>Stephanie Mocatta: <a rel=\"nofollow\" href=\"mailto:stephanie.mocatta@glslimited.com\">stephanie.mocatta@glslimited.com<\/a> +44 (7977) 071 125\n<\/p>\n<p>\nSard Verbinnen &amp; Co.<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:Maiden-SVC@sardverb.com\">Maiden-SVC@sardverb.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Bermuda Caribbean<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Banking Professional Services Insurance Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Maiden Holdings, Ltd. Announces Formation of Genesis Legacy Solutions PEMBROKE, Bermuda&#8211;(BUSINESS WIRE)&#8211; Maiden Holdings, Ltd. (NASDAQ: MHLD) (&#8220;Maiden&#8221;) today announced the formation of Genesis Legacy Solutions (\u201cGLS\u201d). GLS will specialize in providing a full range of legacy services to small U.S. insurance entities, particularly those in run-off or with blocks of reserves that are no longer core, working with clients to develop and implement finality solutions including acquiring entire companies. The Genesis team will be led by Brian Johnston as Chief Executive Officer and Chief Financial Officer, joined by Tom Hodson as Deputy CEO and General Counsel and Stephanie Mocatta, Executive Vice President, leading GLS\u2019s business development. The GLS team has extensive experience in the finality and legacy solutions segment, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/maiden-holdings-ltd-announces-formation-of-genesis-legacy-solutions\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Maiden Holdings, Ltd. Announces Formation of Genesis Legacy Solutions&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-393461","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Maiden Holdings, Ltd. Announces Formation of Genesis Legacy Solutions - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/maiden-holdings-ltd-announces-formation-of-genesis-legacy-solutions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Maiden Holdings, Ltd. Announces Formation of Genesis Legacy Solutions - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Maiden Holdings, Ltd. Announces Formation of Genesis Legacy Solutions PEMBROKE, Bermuda&#8211;(BUSINESS WIRE)&#8211; Maiden Holdings, Ltd. (NASDAQ: MHLD) (&#8220;Maiden&#8221;) today announced the formation of Genesis Legacy Solutions (\u201cGLS\u201d). GLS will specialize in providing a full range of legacy services to small U.S. insurance entities, particularly those in run-off or with blocks of reserves that are no longer core, working with clients to develop and implement finality solutions including acquiring entire companies. The Genesis team will be led by Brian Johnston as Chief Executive Officer and Chief Financial Officer, joined by Tom Hodson as Deputy CEO and General Counsel and Stephanie Mocatta, Executive Vice President, leading GLS\u2019s business development. The GLS team has extensive experience in the finality and legacy solutions segment, &hellip; Continue reading &quot;Maiden Holdings, Ltd. 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