Maiden Holdings, which in 2018 initiated a strategic review of its operations, has sold its European automotive group to Allianz Partners.
Without revealing the financial terms of the transaction, the Bermuda-based holding company announced Allianz’s acquisition of AVS Automotive VersicherungsService GmbH (AVS) and its related European subsidiaries. Maiden said all of its AVS employees have now joined Allianz.
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