New ETF Book by Larry Connors - Click here to read more
Raschbaum also served as president of GMAC Re and general director of risk management for General Motors, according to a company statement.
Caviet will stay with Maiden as a director of Maiden Holdings and return as president of AmTrust International Insurance, a position he previously held, the company said.
Bermuda-based Maiden Insurance (NASDAQ: MHLD) said earlier this month that its U.S. subsidiary has acquired the reinsurance operations of GMAC Insurance. The acquired business will be known as Maiden Re, and based in Mount Laurel, N.J. (BestWire, Nov. 3, 2008).
In addition, John Marshaleck was appointed president of Maiden Re. Marshaleck has been chief financial officer and chief operating officer with the company. Karen Schmitt will become chief operating officer with the reinsurer.
"We believe that the combination of Maiden's existing business with GMAC Re will create a dynamic specialty reinsurer able to grow and expand its market activities," said Barry Zyskind, chairman of Maiden Holdings.
Maiden Insurance Co. was formed in June 2007 under the laws of Bermuda as a property/casualty reinsurer focused on primary insurers specializing in products offering coverage at low limits, or insuring risks that are believed to be low hazard, predictable and generally not susceptible to catastrophic claims.
Maiden Insurance Co. and GMAC Insurance Group both currently have a Best's Financial Strength Rating of A- (Excellent).
(By Chad Hemenway, associate editor, BestWeek: Chad.Hemenway@ambest.com)
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
15260 Ventura Blvd., Ste. 2200
Sherman Oaks, CA 91403
© Copyright 2009 The Connors Group, Inc.
