Maiden Holdings first quarter results have revealed an increase in net income of 5.3 percent.
The company’s profits rose from $19.345 million in Q1 of 2011, to $20,378 in Q1 of 2012.
Maiden Re also saw an increase in their Q1 gross written premiums of 30 percent, rising from $470,777 in Q1 of 2011, to $613,212 this year.
Art Raschbaum, chief executive officer of Maiden Holdings, said: "The first quarter was a solid start to the year for Maiden as we increased invested assets, generated continued profitable underwriting results, grew net premiums written and strengthened our capital base."
The rest of this article is locked for subscribers only. Please use your personal login at the link below to continue reading.
If you don't have a personal login, you will need to purchase a subscription to gain access to this article, including all our online content.
