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Stock Market & Financial Investment News

News Breaks
December 19, 2012
16:05 EDTMHLDMaiden Holdings sees net losses from Sandy $25M-$35M
Maiden Holdings announced its initial loss estimate from Superstorm Sandy. Based on a comprehensive analysis of the company's exposure in the affected area, as well as loss reports and estimates from clients, Maiden currently expects the underwriting impact from Superstorm Sandy, net of applicable reinsurance and the company's quarterly provision for normalized catastrophe losses to be in the range of between $25M and $35M.
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June 26, 2015
10:09 EDTMHLDMaiden Holdings announces proposed sale of inactive Maiden Specialty Insurance
Maiden Holdings, Ltd. announced the execution of an agreement to sell its currently inactive wholly-owned subsidiary, Maiden Specialty Insurance Company to Clear Blue Financial Holdings, LLC. The proceeds from this deal are not material to Maiden's operations. This transaction has no impact on the A.M. Best A- financial strength ratings of Maiden, Maiden Reinsurance North America, Ltd. or Maiden Reinsurance Ltd. However, as a result of the proposed sale, A.M. Best has placed the A- financial strength rating of the company's inactive "shell" subsidiary, Maiden Specialty, under review with negative implications.
June 22, 2015
10:32 EDTMHLDMaiden Holdings management to meet with JMP Securities
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