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?
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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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