Reinsurance News
Maiden Holdings
Kestrel Group reports Q3’25 total revenue of $17.4m
6th November 2025
Kestrel Group Ltd, a recently established specialty insurance platform that provides fronting services to program managers, reinsurers, and reinsurance brokers, has reported total third quarter 2025 revenues of $17.4 million compared to $752 thousand in Q3’24. The firm has reported earnings for the second time since closing its business combination ... Read the full article
Kestrel & Maiden combine to form publicly listed specialty program group
28th May 2025
Kestrel Group LLC and Maiden Holdings, Ltd. have announced the successful completion of their combination, forming a new publicly listed specialty program group. The two companies initially announced in December 2024 that they had entered into a combination agreement. Maiden Holdings received shareholder approval for all proposals related to ... Read the full article
Maiden Holdings combination with Kestrel receives shareholder approval
30th April 2025
Maiden Holdings’ shareholders have approved all proposals related to the company’s proposed business combination with Kestrel Group LLC. Previously announced in December 2024, Maiden entered into a Combination Agreement with Kestrel to form a new, publicly listed specialty program group. Under the agreement, Maiden and Kestrel will become wholly owned subsidiaries ... Read the full article
Maiden Holdings reports $158m Q4’24 net loss
10th March 2025
Maiden Holdings, Ltd. has released its financial results for the fourth quarter of 2024, revealing a net loss of $158.0 million, a stark contrast to the $20.8 million net loss reported for the same period in 2023. The substantial increase in losses is primarily attributed to a higher underwriting loss of ... Read the full article
Maiden expects reserve charges of up to $150m in Q4’24 results
3rd January 2025
After announcing its reserve review in November, Maiden Holdings has reported that it currently anticipates that it will incur charges of up to $150 million in the fourth quarter of 2024. The reserve review, outlined in the company’s third-quarter results, involves a thorough assessment of reserves and the exploration of ... Read the full article
Maiden and Kestrel combine to form new publicly listed specialty program group
30th December 2024
Maiden Holdings, Ltd., a provider of insurance and reinsurance services, and program specialist Kestrel Group have entered into a combination agreement to form a new, publicly listed specialty program group, expected to close in the first half of 2025. Under the agreement, at the closing of the transaction, each common share ... Read the full article
Maiden reveals sale of Swedish subsidiaries to network of international re/insurers
17th December 2024
Maiden Holdings, Ltd., a provider of insurance and reinsurance services, recently announced that it has reached an agreement to sell its Swedish subsidiaries, Maiden General Försäkrings and Maiden Life Försäkrings, to a growing network of international insurance and reinsurance companies based in London. These subsidiaries were key components of Maiden’s International ... Read the full article
Maiden Holdings posts $34.5m net loss in Q3, NPW climbs to $8.8m
12th November 2024
Maiden Holdings, Ltd. has posted a $34.5 million net loss for the third quarter of 2024, compared to a net loss of $3.5 million for the third quarter of 2023. The firm attributes the net loss towards an underwriting loss of $18.8 million in Q3 2024, a higher loss in comparison ... Read the full article
Maiden Holdings posts $9.8m underwriting loss in Q2 2024
12th August 2024
Maiden Holdings has reported a $10.0 million net loss for the second quarter of 2024, compared to a net loss of $2.9 million from the second quarter of 2023. At the same time, the firm posted an underwriting loss of $9.8 million for Q2'24, compared to a $9.3 million underwriting loss ... Read the full article
Maiden Holdings sees improved net income and lower underwriting loss in Q1’24
10th May 2024
Maiden Holdings Ltd., has posted its results for the first quarter of 2024, which includes a net income of $1.5 million, compared to a net loss of $11.3 million from the prior year period. According to the firm, this improvement was due to higher total income from investment activities of $17.1 ... Read the full article
Maiden Holdings enters renewal rights transaction with AmTrust Nordic AB
7th May 2024
Maiden Holdings, Ltd. has entered into a renewal rights transaction with AmTrust Nordic AB, the Swedish subsidiary of AmTrust Financial Services, Inc. to cover the majority of its primary business written through its subsidiaries, Maiden General Försäkrings and Maiden Life Försäkrings in Sweden, Norway and other Nordic countries. Under the terms ... Read the full article
Maiden Holdings posts $20.8m net loss in Q4
14th March 2024
Maiden Holdings Ltd., has posted it's results for the fourth quarter of 2023, which includes a net loss of $20.8 million, compared to a net income of $36.2 million from the prior year period. The firm posted lower underwriting loss of $21.1 million in the fourth quarter, compared to an underwriting ... Read the full article
Maiden Holdings sees $3.5 million net loss in Q3’23
10th November 2023
Bermuda-based Maiden Holdings has reported a net loss of $3.5 million for the third quarter of 2023, compared with net loss of $8.2 million in Q3'22. It posted lower underwriting loss of $10.9 million in the third quarter of 2023, compared to an underwriting loss of $12.6 million in the same ... Read the full article
Maiden Holdings sees $2.9m net loss in Q2 2023
10th August 2023
Bermuda-based Maiden Holdings has reported a net loss of $2.9m for the second quarter of 2023 and an operating income of $4.5m, as well as an underwriting loss of $9.3m in both the AmTrust Reinsurance and Diversified Reinsurance segments. These figures compare with net income of $25.8m for the second quarter ... Read the full article
Maiden reports Q1 loss, names Haveron as sole CEO
12th May 2023
Bermuda-based Maiden Holdings has reported a net loss of $11.3 million for the first quarter of 2023, including an operating loss of $7.9 million, owing to losses across its AmTrust Reinsurance and Diversified segments. These figures compare with net income of $1.6 million for the first quarter of last year, and ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
