Maiden Holdings Anticipates Minimal, If Any, Losses from Recent Catastrophes
Maiden Holdings, Ltd. (Nasdaq: MHLD) announced today that it anticipates minimal, if any, losses related to recent industry events including the Australia floods, New Zealand earthquake, and most recently, the earthquake and tsunami in Japan. Maiden's loss estimate is derived from an in-depth review of in-force contracts and related exposures.
Maiden's lower volatility business model maintains limited exposure to catastrophic risks. As a result, the company does not typically issue loss estimates. Given the apparent magnitude of the Japanese earthquake and tsunami, and the anticipated cumulative industry-wide effect of recent catastrophic events, the company felt it was appropriate to comment on these matters.
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