OLDWICK, N.J.--(BUSINESS WIRE)--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.