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Maiden Holdings Reports 2017 Q4 Net Loss

Maiden Holdings Reports 2017 Q4 Net Loss

Bermuda-based Maiden Holdings reported a fourth quarter 2017 net loss attributable to Maiden common shareholders of $133.6 million or $1.59 per diluted common share compared to net loss attributable to Maiden common shareholders of $74.7 million or $0.87 per diluted common share in the fourth quarter of 2016. “While we are disappointed with our... Read more of this article

Maiden Holdings 2015 Q4 Net Income: $24.7M

Maiden Holdings 2015 Q4 Net Income: $24.7M

Bermuda-based Maiden Holdings Ltd.  reported fourth quarter 2015 net operating earnings of $26.4 million compared with $34.6 million in the fourth quarter of 2014. Net income attributable to Maiden common shareholders in the fourth quarter of 2015 was $24.7 million compared to net income attributable to Maiden common shareholders of $27.5 million... Read more of this article

A.M. Best Affirms Ratings Of Maiden Holdings

A.M. Best Affirms Ratings Of Maiden Holdings

Rating company A.M. Best has affirmed the financial strength rating [FSR] of A- [Excellent] and the issuer credit ratings [ICR] of “a-” of the property/casualty subsidiaries of Bermuda-based Maiden Holdings, Ltd. . Concurrently, A.M. Best has affirmed the ICR of “bbb-” of Maiden Holdings and the debt rating of “bb” on its preferred stock.... Read more of this article

Maiden Holdings Announces Q4 2014 Earnings

Maiden Holdings Announces Q4 2014 Earnings

Bermuda-based Maiden Holdings, Ltd.  reported record fourth quarter 2014 net operating earnings of $34.6 million, or $0.44 per diluted common share compared with $23.3 million, or $0.30 per diluted common share in the fourth quarter of 2013. In the fourth quarter of 2014, net income attributable to Maiden common shareholders was $27.5 million compared... Read more of this article

Maiden Holdings Announces Quarterly Earnings

Maiden Holdings Announces Quarterly Earnings

Bermuda-based Maiden Holdings, Ltd. reported record second quarter 2014 net operating earnings of $28.2 million, or $0.37 per diluted common share compared with $20.4 million, or $0.28 per diluted common share in the second quarter of 2013. In the second quarter of 2014, net income attributable to Maiden common shareholders was $25.8 million compared... Read more of this article

A.M. Best Revises Maiden’s Outlook To Positive

A.M. Best Revises Maiden’s Outlook To Positive

A.M. Best has revised the outlook to positive from stable and affirmed the financial strength rating (FSR) of A- (Excellent) and issuer credit ratings (ICR) of “a-” of the property/casualty subsidiaries of Bermuda-based Maiden Holdings, Ltd. Concurrently, A.M. Best has revised the outlook to positive from stable and affirmed the ICR of “bbb-”... Read more of this article

Maiden Holding’s John Marshaleck To Retire

Maiden Holding’s John Marshaleck To Retire

Maiden Holdings, Ltd. said that John Marshaleck, Chief Financial Officer, has decided to retire at the end of 2014 and in the interim will serve as Chief Operating Officer focusing his efforts on ensuring a smooth transition of responsibilities. Karen Schmitt, President of Maiden Reinsurance Company, the Company’s U.S. subsidiary, has been promoted... Read more of this article

Haveron Appointed Maiden Insurance President

Haveron Appointed Maiden Insurance President

Patrick Haveron has been appointed President of Maiden Insurance Company Ltd. with responsibility for the oversight, management and continued development of Maiden’s Bermuda reinsurance company. He will continue to report to Art Raschbaum, Chief Executive Officer of the Company. Mr. Haveron remains an Executive Vice President of Maiden Holdings,... Read more of this article

Tower Group Announce Merger With ACP Re

Tower Group Announce Merger With ACP Re

Tower Group International Ltd announced today [Jan 6] that it would merge with ACP Re Ltd. ACP Re is a Bermuda based reinsurance company, while Tower Group International is a Bermuda-based global diversified insurance and reinsurance holding company. The controlling shareholder of ACP Re is a trust established by the founder of AmTrust Financial Services,... Read more of this article

Maiden Holdings Closes Senior Notes Offering

Maiden Holdings Closes Senior Notes Offering

Bermuda-based Maiden Holdings, Ltd. wholly owned U.S. holding company, Maiden Holdings North America, Ltd. has closed its offering of $152.5 million aggregate principal amount of 7.75% Senior Notes due December 1, 2043, which are fully and unconditionally guaranteed by Maiden. The offering was priced on November 18, 2013. Total net proceeds from the... Read more of this article

Maiden Holdings Increases Quarterly Dividend

Maiden Holdings Increases Quarterly Dividend

Bermuda-based Maiden Holdings, Ltd. approved a quarterly cash dividend of $0.11 per share of common stock, an increase of $0.02 per share or 22% from the previous rate. The dividend will be payable on January 15, 2014 to shareholders of record as of January 2, 2014. Additionally, Maiden’s Board of Directors approved a cash dividend on its Series... Read more of this article

Maiden Holdings Ltd Closes Share Offering

Maiden Holdings Ltd Closes Share Offering

Bermuda-based Maiden Holdings has closed its underwritten public offering of 3,000,000 7.25% Mandatory Convertible Preference Shares, Series B, with a liquidation value of $50.00 per preference share. In addition, the underwriters have exercised their over-allotment option to purchase 300,000 additional shares of Mandatory Convertible Preferred Shares.... Read more of this article

A.M. Best Assigns Ratings To Maiden Stock

A.M. Best Assigns Ratings To Maiden Stock

Ratings agency A.M. Best Co. has assigned a debt rating of “bb” to the forthcoming issuance of $150 million 7.25% mandatory convertible preferred stock due September 2016 to be issued by Maiden Holdings Ltd. The outlook assigned is stable. All remaining ratings of Maiden and its subsidiaries are unchanged. A statement from the ratings agency said,... Read more of this article