Role change
Lawrence Metz
President
MHLA ·
Maiden Holdings, Ltd.
Lawrence Metz’s title changed from Executive Vice Chairman and Group President to President
Ready 8-Ks
46
Latest filing
May 27, 2025, 7:59 PM ET
Top materiality
0.85
Event mix
earnings ×17 · other_material ×14 · m_and_a ×6
Sentiment
7 pos · 12 neg · 27 neu
Latest earnings
reported 2025-Q1
Executive change
recent →
Recent 8-K filings for MHLA
Highest-materiality recent filing
Maiden Holdings completes combination with Kestrel Group; new entity Kestrel Group Ltd begins trading under 'KG'
- Maiden shareholders receive 0.05 of a Kestrel Group share per share; Maiden shares cease trading on Nasdaq May 27.
- Kestrel equityholders get $40M cash and 2.75M shares, plus up to $45M in contingent consideration tied to EBITDA milestones.
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Maiden shareholders receive 0.05 of a Kestrel Group share per share; Maiden shares cease trading on Nasdaq May 27.
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Maiden Holdings Q1 net loss $8.6M; shareholder-approved Kestrel deal targets Q2 close
Net loss of $8.6M ($0.09 diluted EPS) vs net income of $1.5M in Q1 2024.
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Shareholders approve combination with Kestrel Group; closing expected Q2 2025
All six proposals approved, including merger agreement and removal of 9.5% voting limitation.
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Maiden Holdings faces shareholder lawsuits over Kestrel merger; supplements proxy
Two shareholder complaints filed in NY state court alleging misleading proxy for Kestrel merger; special meeting April 29.
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Maiden Holdings receives Nasdaq bid price deficiency notice; 180-day compliance period
Received Nasdaq letter on April 2, 2025 for bid price below $1.00 for 30 consecutive business days.
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Maiden Holdings amends Kestrel merger; exchange ratio cut to 0.05 per share
Each Maiden share converts to 0.05 Bermuda NewCo share (down from 1:1).
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Maiden Holdings reports Q4 net loss $158M ($1.59/share); book value falls 81.5%
Net loss of $158.0M ($1.59 diluted EPS) vs $20.8M loss in Q4 2023; underwriting loss $161.3M.
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Maiden Holdings to combine with Kestrel Group; expects up to $150M Q4 charge
Maiden shareholders to receive 1 share of new Bermuda NewCo per share; Kestrel equityholders get $40M cash + 55M shares + contingent consideration.
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Maiden Holdings to sell Swedish subsidiaries Maiden General and Maiden Life in all-cash deal
Sold Maiden General and Maiden Life to a London-based group of international insurance/reinsurance companies.
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Maiden Holdings reports Q3 net loss of $34.5M; book value per share down 15.7%
Net loss $34.5M ($0.35 diluted EPS) vs $3.5M loss in Q3 2023; adjusted operating loss $18.7M.
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Maiden Holdings Q2 2024 net loss $10.0M; book value per share down 4% to $2.38
Net loss attributable to common shareholders $10.0M ($0.10 diluted EPS); adjusted non-GAAP operating loss $7.7M ($0.08 diluted EPS).
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Maiden Holdings Q1 net income $1.5M vs loss; renewal rights deal with AmTrust Nordic
Net income of $1.5M ($0.01/share) vs net loss of $11.3M in Q1 2023; adjusted non-GAAP earnings $4.4M ($0.04/share).
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Maiden Holdings Q4 net loss $20.8M; adj book value rises to $3.19
Net loss $20.8M ($0.21/diluted share) for Q4; full-year net loss $38.6M.
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Maiden Holdings wins summary judgment in securities class action over loss reserves
U.S. District Court for District of New Jersey granted summary judgment to Maiden and three individual defendants.
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Maiden Holdings Q3 net loss narrows to $3.5M; adverse development persists
Net loss of $3.5M ($0.03 per share) in Q3 2023, improved from $8.2M loss ($0.09) in Q3 2022.
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Maiden Holdings Q2 net loss $2.9M; adjusted book value $3.22; net investment income up 37%
Net loss $2.9M ($0.03 EPS) vs net income $25.8M ($0.29 EPS) in Q2 2022; prior year included $24.7M gain from preference share repurchases.
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Maiden posts Q1 net loss $11.3M; names Haveron sole CEO; board OKs $100M note buyback
Net loss $0.11/diluted share vs net income $0.02 in Q1 2022; non-GAAP operating loss $0.08/share unchanged.
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Net income attributable to common shareholders was $36.2 million for Q4 2022, compared to $16.2 million in Q4 2021.
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Maiden completes conversion of all series A, C, D preference shares into common shares
Conversion completed on December 27, 2022; each preference share exchanged for 3 common shares.
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Maiden Holdings to convert all outstanding preference shares into common shares on Dec 27, 2022
Conversion of 8.25% Series A, 7.125% Series C, and 6.700% Series D non-cumulative preference shares.
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Maiden to exchange all preference shares for common at 3:1 ratio; book value per share up ~$0.82
Exchange of Series A, C, D preference shares for 3 common shares each; requires 2/3 vote of each series.
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Maiden reports Q3 net loss $8.2M; announces preference share exchange
Net loss $8.2M ($0.09 per share) vs net income $2.9M ($0.03) in Q3 2021; underwriting loss $12.6M.
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Maiden Q2 net income $25.8M ($0.29 EPS); book value $2.62, up from $2.60
Net income available to common shareholders $25.8M ($0.29 diluted EPS) vs $26.8M ($0.31) in Q2 2021.
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Maiden Holdings Q1 net income falls to $1.6M from $71.7M; book value per share down to $2.47
Net income available to common shareholders $1.6M ($0.02 per share) vs $71.7M ($0.83) in Q1 2021.
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Q4 net income $16.2M ($0.19/diluted) vs $47.7M ($0.56) in Q4 2020; FY net income $117.6M vs $80.0M in 2020.
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Maiden Holdings Q3 net income $2.9M; book value $2.50 per share
Net income $2.9M ($0.03 diluted EPS); non-GAAP operating loss $3.1M ($0.04 diluted).
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Maiden Holdings Q2 2021 net income $26.8M ($0.31/sh) vs $9.2M; book value $2.58
GAAP net income of $26.8M ($0.31 diluted EPS) in Q2 2021, up from $9.2M ($0.11) in Q2 2020.
Executive changes
Departed
Simcha Lyons
Director
MHLA ·
Maiden Holdings, Ltd.
In connection with the Transactions, on the Closing Date, Holly Blanchard, Simcha Lyons, Raymond Neff, Yehuda Neuberger, Steven Nigro, Keith Thomas and Barry Zyskind resigned from Maiden’s board of directors, effective upon consummation of the Transactions.
Departed
Barry Zyskind
Director
MHLA ·
Maiden Holdings, Ltd.
In connection with the Transactions, on the Closing Date, Holly Blanchard, Simcha Lyons, Raymond Neff, Yehuda Neuberger, Steven Nigro, Keith Thomas and Barry Zyskind resigned from Maiden’s board of directors, effective upon consummation of the Transactions.
Departed
Raymond Neff
Director
MHLA ·
Maiden Holdings, Ltd.
In connection with the Transactions, on the Closing Date, Holly Blanchard, Simcha Lyons, Raymond Neff, Yehuda Neuberger, Steven Nigro, Keith Thomas and Barry Zyskind resigned from Maiden’s board of directors, effective upon consummation of the Transactions.
Appointed
Rod Newcomer
Chief Risk Officer and Secretary
MHLA ·
Maiden Holdings, Ltd.
Rod Newcomer was appointed Chief Risk Officer and Secretary
Appointed
Bradford Luke Ledbetter
Director
MHLA ·
Maiden Holdings, Ltd.
Terry Ledbetter, Bradford Luke Ledbetter (“Luke Ledbetter”) and Rod Newcomer were appointed to Maiden’s board of directors.
Departed
Holly Blanchard
Director
MHLA ·
Maiden Holdings, Ltd.
In connection with the Transactions, on the Closing Date, Holly Blanchard, Simcha Lyons, Raymond Neff, Yehuda Neuberger, Steven Nigro, Keith Thomas and Barry Zyskind resigned from Maiden’s board of directors, effective upon consummation of the Transactions.
Appointed
Terry Ledbetter
Director
MHLA ·
Maiden Holdings, Ltd.
Terry Ledbetter, Bradford Luke Ledbetter (“Luke Ledbetter”) and Rod Newcomer were appointed to Maiden’s board of directors.
Appointed
Terry Ledbetter
Executive Chairman
MHLA ·
Maiden Holdings, Ltd.
Luke Ledbetter was appointed Chief Executive Officer, Rod Newcomer was appointed Chief Risk Officer and Secretary and Terry Ledbetter was named Executive Chairman.
Role change
William Jarman
Senior Vice President and Chief Actuary
MHLA ·
Maiden Holdings, Ltd.
William Jarman’s title changed from Chief Actuary and Chief Risk Officer to Senior Vice President and Chief Actuary
Departed
Keith Thomas
Director
MHLA ·
Maiden Holdings, Ltd.
In connection with the Transactions, on the Closing Date, Holly Blanchard, Simcha Lyons, Raymond Neff, Yehuda Neuberger, Steven Nigro, Keith Thomas and Barry Zyskind resigned from Maiden’s board of directors, effective upon consummation of the Transactions.
Role change
Patrick Haveron
Chief Financial Officer
MHLA ·
Maiden Holdings, Ltd.
Patrick Haveron’s title changed from Chief Executive Officer and Chief Financial Officer to Chief Financial Officer
Earnings & guidance
Materiality & sentiment trend
Max materiality 0.85 · Median 0.65 · Most common event earnings