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FOR IMMEDIATE RELEASE
OLDWICK - SEPTEMBER 15, 2017 11:11 AM (EDT)
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.
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