Maiden expects minimal losses – The Royal Gazette | Bermuda News, Business, Sports, Events, & Community

Log In

Reset Password

Maiden expects minimal losses

Bermuda-based reinsurer Maiden Holdings Ltd said yesterday that it anticipates minimal, if any, losses related to last week's earthquake and tsunami in Japan, or from this year's flooding in Australia or last month's earthquake in New Zealand.

Maiden said its loss estimate is derived from an in-depth review of in-force contracts and related exposures.

“Maiden's lower volatility business model maintains limited exposure to catastrophic risks,” today's statement said.

“As a result, the company does not typically issue loss estimates. Given the apparent magnitude of the Japanese earthquake and tsunami, and the anticipated cumulative industry-wide effect of recent catastrophic events, the company felt it was appropriate to comment on these matters.”

You must be Registered or to post comment or to vote.

Published March 16, 2011 at 2:00 am (Updated March 16, 2011 at 10:39 am)

Maiden expects minimal losses

What you
Need to
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon