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Maiden Holdings says Q4 2016 results will include a reserve charge of about $120 mln

Tuesday, 14 Feb 2017

Maiden Holdings Ltd : Maiden holdings announces fourth quarter 2016 loss reserve strengthening primarily focused on commercial auto business . Q4 2016 results will include a reserve charge of approximately $120 million . Q4 reserve charge relative to company's projected december 31, 2016 reserve balance of approximately $2.9 billion. . Still expects to report a modest level of operating and net income for full year .Maiden does not anticipate any change to its quarterly dividend policy.

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