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Program Specialty Group Kestrel Completes Combination With Maiden
Kestrel Group LLC and Maiden Holdings Ltd. closed on their combination to form a new specialty program group operating under the name Kestrel Group Ltd. Maiden shares ceased ...
Source: BestWire   Date: May 28, 2025
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Maiden Holdings Fourth-Quarter Net Loss Widens Ahead of Kestrel Merger
Executive Officer Patrick Haveron called a challenging year. It posted a $161.3 million underwriting loss against a $21.1 million loss a year earlier on $129.4 million of adverse ...
Source: BestWire   Date: March 10, 2025
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Maiden Holdings, Kestrel Announce Planned Combination and New Specialty Group
Pat Haveron, president and chief financial officer. Luke and Terry Ledbetter formed Kestrel Group in 2022, and Haveron is CEO of Maiden. "Kestrel's balance sheet light, fee revenue ...
Source: BestWire   Date: December 30, 2024
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Maiden Sells Swedish Subsidiaries to Unnamed Insurance Group
Maiden said in a statement. Under terms of the agreement, all existing staff and independent directors of both Maiden General and Maiden Life will transition to the new ownership ...
Source: BestWire   Date: December 18, 2024
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Share Conversion Boosts Maiden Profit, but Adverse Prior-Year Development Hits Underwriting
...Chief Executive Officers Patrick J. Haveron and Lawrence F. Metz said in a statement. "The exchange also concludes a highly productive phase of the capital management program that ...
Source: BestWire   Date: March 15, 2023
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Maiden Turns Fourth-Quarter Profit on Improved Loss Development
Maiden saw "immaterial effects" from COVID-19. Fourth-quarter net income attributable to Maiden common shareholders was $47.7 million, compared with a net loss of $21.5 million a ...
Source: BestWire   Date: March 16, 2021
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Maiden Forms Legacy Solutions Unit for Small US Businesses
Maiden said in a statement. The unit will work with clients to develop and implement finality solutions, including acquiring entire companies. The unit will be led by Brian ...
Source: BestWire   Date: December 4, 2020
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Maiden Holdings Regains Nasdaq Compliance
Maiden said in a statement. In May, Maiden Holdings posted its first profitable quarter in two years as the group redomesticated its reinsurance unit to Vermont and avoided ...
Source: BestWire   Date: June 3, 2020
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Maiden Holdings Posts First-Quarter Profit Following Vermont Move
The combined ratio worsened to 131.6 from 129.9. Maiden said last year's negative premiums written were mainly due to a partial termination amendment that had Maiden Reinsurance ...
Source: BestWire   Date: May 18, 2020
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Maiden Holdings Fourth-Quarter Loss Narrows to $21.5 Million
...Trust Financial Services Inc. and entered a post-termination endorsement with AmTrust (Best's News Service, Nov. 13, 2019). Maiden's fourth-quarter net loss narrowed to $21.5 ...
Source: BestWire   Date: March 19, 2020
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Maiden Holdings Narrows Third-Quarter Loss
Maiden on a course to recovery are emerging," Lawrence F. Metz, Maiden's president and chief executive officer, said in a statement. "While more work remains, we believe these are ...
Source: BestWire   Date: November 13, 2019
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Maiden Reinsurance Ltd. Redomesticating From Bermuda to Vermont
Maiden Reinsurance Ltd., the principal operating subsidiary of Maiden Holdings Ltd., has submitted filings to redomesticate from Bermuda to Vermont. The company is hoping to ...
Source: BestWire   Date: October 17, 2019
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Maiden Holdings Seeks Strategic Stability as Second-Quarter Net Loss Widens
...Trust Financial Services Inc. The transactions also included entry into a post-termination endorsement with AmTrust to enable operation of the LPT/ADC and supporting collateral ...
Source: BestWire   Date: August 13, 2019
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Maiden Completes Series of Transactions to Strengthen Its Capital Position
...Trust Financial Services Inc. and entered a post-termination endorsement with AmTrust, Maiden said in a statement. The post-termination endorsement enables the operation of the ...
Source: BestWire   Date: August 7, 2019
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Maiden Holdings Posts First-Quarter Net Loss on Termination of Reinsurance Contracts
The combined ratio for the quarter was 129.6, compared with 102.9 a year ago. In its Form 10-Q statement on first-quarter results filed with the U.S. Securities and Exchange ...
Source: BestWire   Date: May 13, 2019
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Maiden Posts Widened 2018 Net Loss as Strategic Review Nears End
President and Chief Executive Officer Lawrence F. Metz in a statement. With a recently announced revised loss portfolio transfer/adverse development cover transaction with Enstar, ...
Source: BestWire   Date: March 15, 2019
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Enstar Posts 2018 Loss on Increased Frequency and Severity, Investments
...Stone segment was 135.1, compared with 108.5 a year ago. In the Atrium segment, the combined ratio was 94.5, compared with 99.9 in 2017. Enstar said net losses in its StarStone ...
Source: BestWire   Date: March 5, 2019
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AM Best Withdraws Credit Ratings of Maiden Holdings, Ltd. and Insurance Subsidiaries
Credit Rating (Long-Term ICR) of "bbb" of Maiden Reinsurance, Ltd. (Maiden Re) (Pembroke Bermuda). At the same time, AM Best has maintained the under review with negative ...
Source: Press Releases   Date: February 28, 2019
AM Best Withdraws Credit Ratings of Maiden Holdings, Ltd. and Insurance Subsidiaries
Credit Rating (Long-Term ICR) of "bbb" of Maiden Reinsurance, Ltd. (Maiden Re) (Pembroke Bermuda). At the same time, AM Best has maintained the under review with negative ...
Source: BestWire   Date: February 28, 2019
Amid Strategic Review, Maiden Holdings Sells European Auto Unit to Allianz Partners
Allianz and the company name will remain unchanged," Maiden said. AmTrust Financial Services Inc. recently said it entered into a quota-share agreement with Swiss Reinsurance ...
Source: BestWire   Date: January 17, 2019
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