Maiden Holdings Approved to File Annual Report on Form 10-K
March 05 2017 - 7:07PM
Maiden Holdings, Ltd. (“Maiden” or “the Company”) (NASDAQ:MHLD)
announced today that the Company’s independent auditor has
completed its 2016 year-end audit. Maiden will be filing its
Annual Report on Form 10-K electronically with the U.S. Securities
and Exchange Commission on Monday, March 6, 2017. The Company
has received an unqualified opinion from its independent auditor
and will be deemed to be a timely filer from its filing of Form
12b-25, notwithstanding its submission of the Form 10-K after the
initial deadline.
About Maiden Holdings, Ltd.Maiden Holdings,
Ltd. is a Bermuda-based holding company formed in 2007.
Through its subsidiaries, which are each A rated (excellent) by
A.M. Best, the Company is focused on providing non-catastrophic,
customized reinsurance products and services to small and mid-size
insurance companies in the United States and Europe. As of December
31, 2016, Maiden had $6.3 billion in assets and shareholders'
equity of $1.4 billion.
Forward Looking StatementsThis release contains
"forward-looking statements" which are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. The forward-looking statements are based on the Company's
current expectations and beliefs concerning future developments and
their potential effects on the Company. There can be no assurance
that actual developments will be those anticipated by the Company.
Actual results may differ materially from those projected as a
result of significant risks and uncertainties, including
non-receipt of the expected payments, changes in interest rates,
effect of the performance of financial markets on investment income
and fair values of investments, developments of claims and the
effect on loss reserves, accuracy in projecting loss reserves, the
impact of competition and pricing environments, changes in the
demand for the Company's products, the effect of general economic
conditions and unusual frequency of storm activity, adverse state
and federal legislation, regulations and regulatory investigations
into industry practices, developments relating to existing
agreements, heightened competition, changes in pricing
environments, and changes in asset valuations. Additional
information about these risks and uncertainties, as well as others
that may cause actual results to differ materially from those
projected is contained in Item 1A. Risk Factors in the Company's
Annual Report on Form 10-K for the year ended December 31, 2015 as
updated in periodic filings with the SEC. The Company undertakes no
obligation to publicly update any forward-looking statements,
except as may be required by law.
CONTACT:
Noah Fields, Senior Vice President, Investor Relations
Maiden Holdings, Ltd.
Phone: 441.298.4927
E-mail: nfields@maiden.bm
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