Maiden Holdings, Ltd. (Nasdaq: MHLD) is a holding with operations that include Maiden Reinsurance, LTD., Maiden Reinsurance North America, Incorporated and Maiden Global Holdings. Our companies provide non-catastrophic reinsurance and insurance products and services to the regional and specialty global property and casualty markets.
Maiden Holdings was formed in 2007, but the history of our company dates back more than 30 years when Motors Re Management Corporation was founded. Our headquarters are in Bermuda with underwriting operations in both Bermuda and the United States, along with production teams in the United Kingdom, Germany and other select markets throughout the globe. Since inception we have delivered consistent annual returns and demonstrated stable sales growth.
Our business model is highly focused, which enables us to avoid the volatility of the traditional reinsurance market with the deep expertise of an integrated management team. Our goal is to provide relentless service, consistent value and a comprehensive approach in our pursuit of long-term client relationships. Our senior management and staff have worked together for years and understand the importance of collaboration, reliability and of course, hard work. It’s no wonder Business Insurance named us one of the Best Places to work four consecutive years.
|Early full redemption of 8.25% notes|
|Acquired Regulatory Capital Limited, trading as Insurance Regulatory Capital (IRC) to meet capital and risk management needs of mid-sized insurance companies.||Issued $165 million of preference shares|
|Redeemed 14% TRUPs|
|Issued $165 million of preference shares
Issued $152.5 million of senior debt to refinance the remaining TRUPs
|Issued $100 million of 30-year 8% notes.||Issued $150 million of 8.25% preference shares.|
|Refinanced $107.5 Million of the 14% TRUPs at the more favorable rate of 8.25%||$107.5 Million Debt Offering|
|Forged a quota share agreement with American Capital Acquisition Corporation (ACAC).||Acquired the assets and liabilities of GMAC International Insurance Services, Ltd. a platform for international expansion.|
|Completed $260 million offering of 14% trust preferred shares (TRUPs) to finance the GMAC Re acquisition.||$260 Million Private Placement Debt|
|Maiden begins trading on NASDAQ under the symbol MHLD.||Maiden Holdings acquired GMAC RE forming the basis of the Company's diversified reinsurance operation, Maiden Re|
|Maiden Holdings, Ltd. was formed and entered into a quota agreement with AmTrust Financial Services, Inc.|
|Accident & Health Team Established||Dedicated Financial Trust® Introduced|
|MIC Re Rebranded GMAC RE|
|MIC Purchases MRMC|
|MRMC Expands Into Treaty|
|Motors Re Management Corp. (MRMC) Commenced Operations|