Sign in

MHLA on NYSE

Maiden Holdings

Logo: Maiden Marketing, CC BY-SA 3.0, via Wikimedia Commons6

Reinsurance based in Hamilton1

Maiden Holdings Ltd. (Nasdaq: MHLD) is a Bermuda based holding company with insurance subsidiaries that provides specialty reinsurance products for the global property and casualty market. The company has operating subsidiaries in the United States (Maiden Re, Maiden Specialty), Europe (Maiden International), and Bermuda (Maiden Insurance).3 Its shares trade on NYSE under the symbol MHLA.1 Wikipedia text CC BY-SA 4.0

$9.00 up 0.07 (0.78%)Price as of Oct 15, 2026 at 17:33 UTC

Last updated Oct 21, 2026.

Overview

Compare with Presurance Holdings, Inc., Kestrel Group Ltd or KINGSWAY Corp, or pick any stock.

  • TickerMHLA on NYSE1
  • IndustryFire, Marine & Casualty Insurance1
  • HeadquartersHamilton1
  • Websitewww.maiden.bm
  • Incorporated inBermuda7
  • Business address48 Par-La-Ville Road, Suite 1141, Hamilton, D0 Hm 117
  • Filer categoryAccelerated filer, Smaller reporting company7
  • Legal formExempted Companies Limited by Shares4
  • LEI5493000GQUKNWGNXRZ914
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressClarendon House, HM 11 Hamilton, Bermuda4
  • Registered withRegistrar of Companies (Ministry of Economic Development), 401004

See how the biggest companies compare on our leaderboards

Maiden Holdings Ltd. (Nasdaq: MHLD) is a Bermuda based holding company with insurance subsidiaries that provides specialty reinsurance products for the global property and casualty market. The company has operating subsidiaries in the United States (Maiden Re, Maiden Specialty), Europe (Maiden International), and Bermuda (Maiden Insurance).3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

-356.1%Net margin9
-36.8%Revenue growth, 20249
-444.7%Return on equity9
5.64×Debt to equity9

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Other costs98¢$55.4M
  • Income tax2¢$1.1M

Out of $56.4M in revenue.9 The company lost money this year.

Financial statements

Revenue10111213149$56.4M in 2024−97% since 2018
0$1.0B$2.0B$3.0B2018: $2.2B$2.2B20182019: $576.1M$576.1M2019−73%2020: $184.1M$184.1M2020−68%2021: $98.7M$98.7M2021−46%2022: $58.1M$58.1M2022−41%2023: $89.2M$89.2M2023+54%2024: $56.4M$56.4M2024−37%
Net income101213149-$201.0M in 2024−63% since 2018
-$600.0M-$400.0M-$200.0M0$200.0M2018: -$544.6M-$544.6M20182019: -$131.9M-$131.9M2019−76%2020: $41.8M$41.8M20202021: $26.6M$26.6M2021−36%2022: -$60.0M-$60.0M20222023: -$38.6M-$38.6M2023−36%2024: -$201.0M-$201.0M2024+421%
Fiscal year2018201920202021202220232024
Revenue$2.2B10$576.1M11$184.1M12$98.7M13$58.1M14$89.2M9$56.4M9
Operating expenses$10.3M13$11.6M14$12.8M9$12.2M9
Income before tax$26.7M13-$60.6M14-$38.4M9-$199.9M9
Income tax$441.0K10-$911.0K11-$104.0K12$15.0K13-$557.0K14$196.0K9$1.1M9
Net income-$544.6M10-$131.9M10$41.8M12$26.6M13-$60.0M14-$38.6M9-$201.0M9
Earnings per share-$6.8718$0.9312$1.3513$0.6314-$0.389-$2.019
Earnings per share (diluted)-$6.8718$0.9312$1.3513$0.6314-$0.389-$2.019
Shares (weighted, basic)86.1M shares1387.1M shares14101.4M shares999.9M shares9
Shares (weighted, diluted)86.1M shares1387.1M shares14101.4M shares999.9M shares9

Compare Maiden Holdings with another company

Corporate structure

Maiden Holdings is part of a group headed by Kestrel Group Ltd. 27 entities, 6 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Maiden Holdings

  • Kestrel Group Ltd D0
    • Maiden Holdings Hamilton, Bermuda
      • Cypress – Genesis Incorporated Cell Company Subsidiary · Vermont, United States
      • Maiden General Forsakrings AB (Maiden General Försäkrings AB) Subsidiary · Stockholm, Sweden
      • Maiden Life Forsakrings AB (Maiden Life Försäkrings AB) Subsidiary · Stockholm, Sweden
      • MAIDEN REINSURANCE LTD. Subsidiary · Burlington, Vermont, United States
      • MFB – Genesis Incorporated Cell Company Subsidiary · Vermont, United States
    • 94 Pembroke GP Corp. Subsidiary · British Columbia, Canada
    • 94 Pembroke LP Corp. Subsidiary · British Columbia, Canada
    • AMS – Genesis Incorporated Cell Company Subsidiary · Vermont, United States
    • CPA Insurance Inc. Subsidiary · Vermont, United States
    • Genesis Legacy Insurance Company (Vermont) Limited Subsidiary · Vermont, United States
    • Genesis Legacy Solutions, LLC ("GLS") Subsidiary · Delaware, United States
    • GLS Services Company ("GLS Services") Subsidiary · Delaware, United States
    • Kestrel Holdings Worldwide LLC Subsidiary · Delaware, United States
    • Kestrel Insurance Agency, LLC Subsidiary · Texas, United States
    • Kestrel Service Corporation Subsidiary · Texas, United States
    • Maiden General Försäkrings AB Subsidiary · Sweden
    • Maiden Global Holdings Ltd. Subsidiary · United Kingdom
    • Maiden Global Servicing Company, LLC Subsidiary · Delaware, United States
    • Maiden Holdings North America, Ltd. Subsidiary · Delaware, United States
    • Maiden Life Försäkrings AB Subsidiary · Sweden
    • Maiden Reinsurance Ltd. Subsidiary · Vermont, United States
    • NEKO 2018 A, LLC Subsidiary · Texas, United States
    • NEKO 2018 D, LLC Subsidiary · Texas, United States
    • NEKO 2018 E, LLC Subsidiary · Texas, United States
    • Regulatory Capital Limited Subsidiary · Ireland

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Maiden Holdings reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$2.7M9 Dec 31, 2024$2.7M9 Dec 31, 2023−0.2%
Accumulated depreciation$1.9M9 Dec 31, 2024$2.0M9 Dec 31, 2023−4.5%
Property and equipment, net$770.0K9 Dec 31, 2024$686.0K9 Dec 31, 2023+12.2%
Operating-lease assets (leased space)$1.4M9 Dec 31, 2024$228.0K9 Dec 31, 2023+493.9%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$25.7M9 Dec 31, 2024$35.4M9 Dec 31, 2023−27.6%
Marketable securities, current$09 Dec 31, 2024$09 Dec 31, 2023
Debt securities available for sale$232.6M9 Dec 31, 2024$250.6M9 Dec 31, 2023−7.2%
Equity securities at fair value$13.1M9 Dec 31, 2024$41.7M9 Dec 31, 2023−68.5%
Stakes in other companies (equity method)$81.3M9 Dec 31, 2024$80.9M9 Dec 31, 2023+0.4%

Properties, in its own words

We currently lease office space in New York and Sweden for the operation of our business. We renew and enter into new leases in the ordinary course of business as needed. We believe that the office space from these leased properties is sufficient for us to conduct our operations for the foreseeable future. To date, the cost of acquiring and maintaining our office space has not been material to us as a whole.

Item 2 of the 10-K filed Mar 10, 2025.19

Leadership

Who has led Maiden Holdings, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Max G. Caviet2008
  2. Arturo Manuel Raschbaum2008–2018
  3. Lawrence F. Metz2019–2023
  4. Patrick J. Haveron2021–2023

Chair

  1. Barry Zyskind2009–now

President

  1. Max G. Caviet2008
  2. Arturo Manuel Raschbaum2009–2018
  3. Karen Schmitt2009
  4. Lawrence F. Metz2019–2023

Chief financial officer

  1. Michael John Tait2008–2009
  2. John Marshaleck2009–2014
  3. Karen Schmitt2014–2018
  4. Patrick J. Haveron2021–2023

Chief operating officer

  1. Bentzion S. Turin2008
  2. John Marshaleck2009
2010201520202025
Board members and other officers (22)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • 94 Pembroke GP Corp. British Columbia8
  • 94 Pembroke LP Corp. British Columbia8
  • AMS – Genesis Incorporated Cell Company Vermont8
  • CPA Insurance Inc. Vermont8
  • Cypress – Genesis Incorporated Cell Company Vermont8
  • GLS Services Company ("GLS Services") Delaware8
  • Genesis Legacy Insurance Company (Vermont) Limited Vermont8
  • Genesis Legacy Solutions, LLC ("GLS") Delaware8
  • MFB – Genesis Incorporated Cell Company Vermont8
  • Maiden General Försäkrings AB Sweden8
  • Maiden Global Holdings Ltd. England & Wales8
  • Maiden Global Servicing Company, LLC Delaware8
  • Maiden Holdings North America, Ltd. Delaware8
  • Maiden Life Försäkrings AB Sweden8
  • Maiden Reinsurance Ltd. Vermont8
  • NEKO 2018 A, LLC Texas8
  • NEKO 2018 D, LLC Texas8
  • NEKO 2018 E, LLC Texas8
  • Regulatory Capital Limited Ireland8

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. May 27, 20258-K Completed an acquisition or sale; Listing notice or transfer; Change to shareholders' rights52
  2. May 12, 20258-K Results of operations; Regulation FD disclosure; Other events53
  3. May 1, 20258-K Change to shareholders' rights; Shareholder vote; Other events54
  4. Apr 21, 20258-K Other events55
  5. Apr 4, 20258-K Listing notice or transfer56
  6. Mar 24, 20258-K Entered a material agreement57
  7. Mar 10, 20258-K Results of operations; Regulation FD disclosure; Other events58
  8. Feb 18, 20258-K Entered a material agreement59
  9. Dec 31, 20248-K Other events60
  10. Dec 30, 20248-K Entered a material agreement; Regulation FD disclosure; Other events61
  11. Dec 17, 20248-K Other events62
  12. Nov 12, 20248-K Results of operations; Regulation FD disclosure; Other events63
  13. Mar 5, 2021New chief executive Patrick J. Haveron becomes CEO20
  14. Mar 22, 2019New chief executive Lawrence F. Metz becomes CEO21
  15. Nov 21, 2008New chief executive Arturo Manuel Raschbaum becomes CEO23
  16. May 6, 2008New chief executive Max G. Caviet becomes CEO22
  17. May 6, 2008Went public Listed on NASDAQ1
  18. Jun 19, 2007Founded Maiden Holdings is founded4

Calendar

When it reported results

  1. May 12, 2025Reported quarterly or annual results53
  2. Mar 10, 2025Reported quarterly or annual results58
  3. Nov 12, 2024Reported quarterly or annual results63
  4. Nov 5, 2024Reported quarterly or annual results64
  5. Aug 8, 2024Reported quarterly or annual results65
  6. Aug 1, 2024Reported quarterly or annual results66
  7. May 9, 2024Reported quarterly or annual results67
  8. May 2, 2024Reported quarterly or annual results68

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

173 filings to the SEC since October 2021: 5 annual reports, 11 quarterly reports, 43 major events, 57 insider forms, 25 large holders, 32 other. The latest 20:

  1. Jun 10, 202515-12G EDGAR
  2. May 29, 2025SCHEDULE 13D/A EDGAR
  3. May 28, 20254 EDGAR
  4. May 28, 20254 EDGAR
  5. May 28, 20254 EDGAR
  6. May 28, 20254 EDGAR
  7. May 28, 20254 EDGAR
  8. May 28, 20254 EDGAR
  9. May 28, 20254 EDGAR
  10. May 28, 20254 EDGAR
  11. May 28, 20254 EDGAR
  12. May 28, 20254 EDGAR
  13. May 28, 202525-NSE EDGAR
  14. May 27, 20258-K EDGAR
  15. May 27, 2025S-8 POS EDGAR
  16. May 27, 2025S-8 POS EDGAR
  17. May 27, 2025S-8 POS EDGAR
  18. May 12, 202510-Q EDGAR
  19. May 12, 20258-K EDGAR
  20. May 1, 20258-K EDGAR

The 173 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

6 open-market trades by officers, directors and large owners since October 2021: 3 buys and 3 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 23, 2024Jarman WilliamSVP & Chief ActuarySale4,200$1.62$6.8KForm 4
Mar 19, 2024LYONS SIMCHA GDirectorBuy15,000$1.80$27.0KForm 4
Mar 15, 2024Haveron Patrick JSee RemarksBuy10,000$1.50$15.0KForm 4
Mar 15, 2024NIGRO STEVEN HAROLDDirectorBuy20,000$1.52$30.4KForm 4
Dec 31, 2023NEUBERGER YEHUDADirectorSale277,000$2.29$634.3KForm 4
Sep 26, 2023Thomas Keith ADirectorSale26,315$1.90$50.0KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Maiden Holdings is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARMaiden Holdings, Ltd.2
  • CIK0001412100
  • Employer ID (EIN)98-057019219
  • Filer statusAccelerated filer not an emerging growth company; a smaller reporting company; not a shell company19
  • Incorporated inBermuda19
  • Fiscal year endsDecember 312
  • Industry code (SIC)6331 Fire, Marine & Casualty Insurance2
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance2
  • Business address48 Par-La-Ville Road, Suite 1141, Hamilton, D0 HM 112
  • Phone(441) 298-49002
  • Shares outstanding99,682,710 as of May 5, 202517
  • Public float$163.4M as of Jun 30, 202419
  • AuditorErnst & Young LLP, New York, New York PCAOB ID 42; it also attests to the company’s internal control over financial reporting19
  • On EDGAR sinceSep 18, 20072
  • Filings906 in all: 4 (330), 8-K (192), SC 13G/A (54), 10-Q (52), 3 (26), SC 13G (24), SC 13D/A (22), UPLOAD (20)2
    All 51 form types

    DEF 14A (18), 10-K (17), CORRESP (12), 425 (11), 8-A12B (9), 424B2 (8), FWP (8), 25-NSE (7), 424B5 (7), EFFECT (7), CERTNYS (6), SC 13D (6), 424B3 (5), F-N (5), 10-K/A (4), 4/A (4), ARS (4), PRE 14A (4), S-1/A (4), S-3 (3), S-8 (3), S-8 POS (3), SC TO-I/A (3), 5 (2), 8-K/A (2), CERTNAS (2), NT 10-K (2), POS AM (2), S-1 (2), S-3/A (2), SCHEDULE 13G/A (2), 15-12G (1), ARS/A (1), DEF 14C (1), DEFM14A (1), DEFR14A (1), POSASR (1), PRE 14C (1), S-3ASR (1), SC TO-C (1), SC TO-I (1), SCHEDULE 13D (1), SCHEDULE 13D/A (1)

  • Latest filingsAnnual report (10-K) Mar 10, 2025
    Quarterly report (10-Q) May 12, 2025
    Proxy statement (DEF 14A) Mar 27, 2024
    Latest 8-K (8-K) May 27, 2025

Securities registered for trading

ClassSymbolExchange
Common Shares, par value $0.01 per shareMHLDNASDAQ

From the cover page of the 10-K filed Mar 10, 2025 (Section 12(b) of the Exchange Act).19

Risk factors and legal proceedings

The risks Maiden Holdings names in Item 1A of its 10-K filed Mar 10, 2025: 71 risks under these headings, as written.19

  • Introduction
  • We have incurred volatile operating results in recent years. There can be no assurance that we will maintain operating profitability or return to active underwriting of new prospective reinsurance risks.
  • The inability of management to successfully implement its revised business strategy, including its proposed combination with Kestrel, could result in a further decline of capital, materially adversely affecting our financial condition and results of operations and may create enhanced risks.
  • We have experienced significant adverse development of our loss reserves in prior years, including again in 2024. Our actual losses may be greater than our reserve for loss and LAE, which could materially negatively impact our financial condition and results of operations.
  • The effects of emerging claims and coverage issues on our business are uncertain.
  • Our reinsurers may not pay losses in a timely fashion, or at all, which could have a material adverse effect on our results of operations or financial condition.
  • We may or may not use retrocessional and reinsurance coverage to limit our exposure to risks. Any retrocessional or reinsurance coverage that we obtain may be limited, and credit and other risks associated with our retrocessional and reinsurance arrangements may result in losses which could adversely affect our financial condition and results of operations.
  • The failure of any of the loss limitation methods we have employed or could employ in the future could have a material adverse effect on our results of operations or financial condition.
  • We depend on the policies, procedures and expertise of ceding companies for the business we have written in the past; these companies may have failed to accurately assess and price the risks they have underwritten, which may lead us to inaccurately assess and price the risks we assumed.
  • The failure of our underwriting process and risk management could have an adverse effect on our results of operations or financial condition.
  • We may be required to accelerate the amortization of deferred acquisition costs or establish premium deficiency reserves.
  • Failure of our information technology systems could disrupt our business and adversely impact our profitability.
The other 60 risks
  • Technology breaches or failures, including, but not limited to, those resulting from cyber-attacks on us or our business partners and service providers, could disrupt or otherwise negatively impact our business.
  • Ongoing economic uncertainty could materially and adversely affect our business, our liquidity and financial condition.
  • We may face substantial exposure to losses from terrorism, acts of war and political instability.
  • Liquidity, Capital Resources and Investments
  • We may not have sufficient unrestricted liquidity to meet our obligations and favorable terms to obtain additional capital may not be available.
  • A significant amount of our invested assets are subject to changes in interest rates and market volatility. If we are unable to realize our investment objectives, our financial condition and results of operations may be adversely affected.
  • The determination of the fair values of our investments and whether a decline in the fair value of an investment is other-than-temporary are based on management’s judgment and may prove to be incorrect.
  • Our investments in alternative investments and our investments in joint ventures and/or entities accounted for using the equity method may be illiquid and volatile in terms of value and returns, which could negatively affect our investment income and liquidity.
  • We may require additional capital in the future, which may not be available on favorable terms or at all.
  • We do not anticipate paying any cash dividends on our common shares for the foreseeable future.
  • Our failure to comply with restrictive covenants contained in the documents governing our Senior Notes or any future credit facility could trigger prepayment obligations, which could adversely affect our business, financial condition and results of operations.
  • We may be adversely impacted by claims inflation.
  • Climate change may adversely impact our results of operations and/or our financial position.
  • A decrease in the fair value of our subsidiaries may result in future impairments.
  • Compliance by our insurance subsidiaries with the legal and regulatory requirements to which they are subject is expensive. Any failure to comply could have a material adverse effect on our business.
  • Our industry is highly regulated and we are subject to significant legal restrictions and these restrictions may have a material adverse effect on our business, financial condition, results of operations, liquidity, cash flows and prospects.
  • Our risk management policies and procedures may prove to be ineffective and leave us exposed to unidentified or unanticipated risk.
  • Changes in accounting principles and financial reporting requirements could result in material changes to our reported results of operations and financial condition.
  • Legislation enacted in Bermuda in response to the EU’s review of harmful tax competition could adversely affect our operations.
  • Legislation enacted in Bermuda as to Corporate Income Tax may affect our operations.
  • Corporate Governance and Risks Related to an Investment in our Securities
  • Our holding company structure and certain regulatory and other constraints affect our ability to pay dividends and make other payments.
  • We have risks related to the Company’s Senior Notes.
  • Maiden Reinsurance owns approximately 31.1% of our total outstanding common shares and thus has a significant ownership and voting stake in our common shares.
  • Our common shares owned by Maiden Reinsurance are not retired and could be sold to other shareholders, which could dilute the ownership interests of other shareholders and reduce our book value and earnings per common share.
  • A few significant shareholders may influence or control the direction of our business. If the ownership of our common shares continues to be highly concentrated, it may limit your ability and the ability of other shareholders to influence significant corporate decisions.
  • Our revenues and results of operations may fluctuate as a result of factors beyond our control, which may cause the price of our shares to be volatile.
  • The market price for our common shares has been and may continue to be highly volatile, and if there is a further sustained decline in our share price there could be limited liquidity for our common shares.
  • Provisions in our bye-laws may reduce or increase the voting rights of our shares.
  • Anti-takeover provisions in our bye-laws could impede an attempt to replace or remove our directors, which could diminish the value of our common shares.
  • It may be difficult for a third party to acquire us.
  • U.S. persons who own our shares may have more difficulty in protecting their interests than U.S. persons who are shareholders of a U.S. corporation.
  • Mergers and Similar Arrangements.
  • We are a Bermuda company, and it may be difficult to enforce judgments against us or our directors and executive officers.
  • Employee Issues
  • We are dependent on our key executives. We may not be able to attract and retain key employees or successfully implement our business strategy.
  • Our business in Bermuda could be adversely affected by Bermuda employment restrictions.
  • International Operations
  • Our offices that operate in jurisdictions outside Bermuda and the U.S. are subject to certain limitations and risks that are unique to foreign operations.
  • The U.K.'s exit from the EU could adversely affect us.
  • Foreign currency fluctuations may reduce our net income and our capital levels, adversely affecting our financial condition.
  • Relationship with AmTrust
  • Significant changes in our reinsurance relationship with AmTrust have reduced our current and future revenues and create significant uncertainty for sources of future liquidity.
  • Our initial arrangements with AmTrust were negotiated while we were its affiliate. The arrangements could be challenged as not reflecting terms that we would agree to in arm’s-length negotiations with an independent third party; moreover, our business relationship with AmTrust and its subsidiaries may present, and may make us vulnerable to, possible adverse tax consequences, difficult conflicts of interest, and legal claims that we have not acted in the best interest of our shareholders.
  • Our non-executive Chairman of the Board currently holds the positions of Chief Executive Officer and Chairman of AmTrust. These dual positions may present, and make us vulnerable to, difficult conflicts of interest and related legal challenges.
  • The amount of collateral we provide to AmTrust could limit our unrestricted liquidity and impact our ability to fulfill our obligations in certain circumstances.
  • Insurance and Reinsurance Markets
  • The property and casualty insurance and reinsurance industry is cyclical in nature, which may affect our overall financial performance.
  • Negative developments in the U.S. workers’ compensation insurance industry could adversely affect our financial condition and results of operations.
  • Reinsurance is a highly competitive industry.
  • Consolidation in the insurance and reinsurance industry and increased competition on premium rates could lead to lower margins for us and less demand for our products and services if and when we resume active reinsurance underwriting of new prospective risks.
  • We may become subject to taxes in Bermuda after 2035, which may have a material adverse effect on our financial condition and operating results and on an investment in our shares.
  • OECD two-pillar solution to address the tax challenges arising from the digital economy may apply to our activities.
  • We may be subject to U.S. federal income tax, which would have an adverse effect on our financial condition and results of operations and on an investment in our shares.
  • Net operating losses ("NOL") (and certain other tax attributes or tax benefits of the Maiden NA tax group) may be subject to limitation under Section 382 of the Tax Code.
  • U.S. Persons who hold our shares may be subject to U.S. federal income taxation at ordinary income rates on their proportionate share of any non-U.S. subsidiary’s RPII.
  • U.S. Persons who dispose of our shares may be subject to U.S. federal income taxation at the rates applicable to dividends on a portion of their gains if any.
  • U.S. Persons who hold our shares will be subject to adverse U.S. federal income tax consequences if Maiden Holdings is considered to be a passive foreign investment company.
  • U.S. Persons who hold 10% or more of Maiden Holdings’ shares directly or through foreign entities may be subject to taxation under the U.S. CFC rules.
  • The 2017 U.S. tax reform legislation, as well as possible future tax legislation and regulations, could materially adversely affect an investment in our shares.
  • Impact of U.S. Tax Reform
  • We may be subject to U.K. taxes, which would have an adverse effect on our financial condition and results of operations and on an investment in our shares.
  • Clients, Brokers and Financial Institutions
  • Our retroactive underwriting utilizes reinsurance brokers and other producers, including third party administrators and financial institutions, and the failure to develop or maintain these relationships could materially adversely affect our ability to market our products and services should we begin to pursue active reinsurance underwriting.
  • Our reliance on brokers subjects us to their credit risk.
  • We could incur substantial losses and reduced liquidity if one of the financial institutions we use in our operations fails.
  • The Transaction
  • Obtaining required regulatory approvals may prevent or delay completion of the transaction, reduce the anticipated benefits of the transaction or require changes to the structure or terms of the transaction.

Legal proceedings

We may become involved in various claims and legal proceedings that arise in the normal course of our business, which are not likely to have a material adverse effect on our financial position, results of operations or liquidity.

Except as noted below, we are not a party to any material legal proceedings. From time to time, we are subject to routine legal proceedings, including arbitrations, arising in the ordinary course of business. These legal proceedings generally relate to claims asserted by or against us in the ordinary course of insurance or reinsurance operations. Based on our opinion, the eventual outcome of these legal proceedings is not expected to have a material adverse effect on our financial condition or results of operations.

The opening of Item 3, Legal Proceedings.19

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
    Yahoo FinanceMHLA quote
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
    Wikidata and SEC EDGARBarry Zyskind, Chair
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48
  49. 49
  50. 50
  51. 51
  52. 52
  53. 53
  54. 54
  55. 55
    SEC EDGAROther events
  56. 56
  57. 57
  58. 58
  59. 59
  60. 60
    SEC EDGAROther events
  61. 61
  62. 62
    SEC EDGAROther events
  63. 63
  64. 64
  65. 65
  66. 66
  67. 67
  68. 68
  69. 69
  70. 70
  71. 71
  72. 72
  73. 73
  74. 74