Brit Insurance and Maiden Holdings say they have entered a temporary 100% quota-share reinsurance agreement bewteen Maiden's Excess and Surplus unit, Maiden Specialty, and Brit Global Specialty.

This arrangement will shortly evolve into Brit assuming all renewal rights through Brit Global Specialty USA (BGSU), which will ultimately be writing the renewals of the assumed business into Brit's Lloyd's of London syndicate 2987.

Terms were not disclosed.

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