A.M. Best has amended information pertaining to Maiden Holdings, Ltd. that was included in a presentation made during the rating agency's annual Reinsurance Market Briefing at the 2017 Rendez-Vous de Septembre.
Presentation slides depicting the five-year average combined ratio and standard deviation, and return on equity for reinsurers contained inaccurate information for Maiden Holdings, Ltd. The company's correct five-year average combined ratio is 99.5%, the standard deviation is 2% and its five-year return on equity is 7.4%. When excluding loss reserve development, the five-year return on equity is 12.1%. A.M. Best's calculation of ROE included preferred equity.
A.M. Best is the world's oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.
Copyright 2017 by A.M. Best Rating Services, Inc. and/or its subsidiaries. ALL RIGHTS RESERVED.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170915005621/en/
Contacts:
A.M. Best
Robert DeRose, +1 908 439 2200, ext. 5453
Senior Director
robert.derose@ambest.com
or
Greg Reisner, +1 908 439 2200, ext. 5224
Director
greg.reisner@ambest.com
or
Scott Mangan, +1 908 439 2200, ext. 5593
Senior Financial Analyst
scott.mangan@ambest.com
or
Edem Kuenyehia, +44 20 7397 0280
Associate Director, Market Development
& Communications
edem.kuenyehia@ambest.com
or
Jim Peavy, +1 908 439 2200, ext. 5644
Director, Public Relations
james.peavy@ambest.com