Maiden Holdings Ltd. reported a net income of $13.8 million and net premium written of $171.3 million for the second quarter.

This is the second financial reports the Bermuda-based company has released since it was formed last June.

The firm provides customised reinsurance products and services to subsidiaries of AmTrust Financial Services and small insurance companies and managing general agents in US and Europe.

Net written premium for the second quarter was $171.3 million while net earned premium was $77.3 million and Net investment income was $7.8 million for the quarter ended June 30, 2008.

The company's loss ratio for the quarter was 56.4 percent and its combined ratio was 92.3 percent.