Our attorneys are investigating potential claims on behalf of investors of Maiden Holdings, Ltd. (NASDAQ: MHLD) regarding possible securities law violations.
Maiden Holdings, Ltd. Investment Losses?
If you acquired shares in Maiden Holdings, Ltd. and would like to learn more about your legal rights, contact us to speak privately with a securities attorney.
Disclosure of Net Adverse Development Prompts Stock Drop
On August 9, 2017, Maiden Holdings disclosed a net adverse development of $29.5 million. For the AmTrust Reinsurance segment, Maiden Holdings reported a net adverse development of $29,426 and $39,745 for the three and six month periods ending June 30, 2017, respectively, reportedly coming largely from non-program casualty, where elevated loss activity had been observed.
This news follows Maiden Holdings’ May 10, 2017 disclosure of a net adverse development for its AmTrust Reinsurance segment of $10.3 million, which it attributed to conservative methodology, downplaying any concerns.
On August 9, 2017, Maiden Holdings’ share price fell 12.8% to close at $7.72. The share price continued to drop on August 10, 2017, trading as low as $7.18.
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