Company: MHLA
Filing Date: 2025-03-10
Form Type: 10-K
Source: 0001412100-25-000011
Chunk: 9

Company: Maiden Holdings, Ltd.
Filing Date: 2025-03-10
Form: 10-K
Item: Item 1
Chunk 9
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Net Premiums Written% of TotalNet Premiums Written% of TotalMaiden LF$22,992 66.2 %$16,786 61.9 %Maiden GF11,764 33.8 %10,344 38.2 %Maiden Reinsurance(7)— %(26)(0.1)%Total$34,749 100.0 %$27,104 100.0 %

Please refer to Item 7. "Management’s Discussion and Analysis of Financial Condition and Results of Operations" for a discussion on the performance of our Diversified Reinsurance segment for the years ended December 31, 2024 and 2023.

Maiden Global’s business development teams historically partnered with automobile manufacturers, dealer associations and local primary insurers to design and implement point of sale insurance programs which generated revenue for the auto manufacturer and insurance premiums for the primary insurer ("IIS business"). All of these programs are in run-off and no new programs are being sought. With no new written premium, the only remaining earned premium is from the Australian program that continued through 2024. The table below shows IIS net premiums by line of business for the years ended December 31, 2024 and 2023:

For the Year Ended December 31,20242023($ in thousands)Net Premiums Written% of TotalNet Premiums Written% of TotalCredit Life - Insurance$34,751 100.0 %$27,110 100.0 %Personal Auto - Quota Share Reinsurance(8)— %(7)— %Total$34,743 100.0 %$27,103 100.0 %

For the years ended December 31, 2024 and 2023, the Company's net premiums written for Personal Auto on a quota share reinsurance basis were negative.  

As noted, the Company has entered into an agreement to sell its Swedish subsidiaries, Maiden LF and Maiden GF to an expanding group of international insurance and reinsurance companies headquartered in the United Kingdom and await regulatory approval of this transaction.

AmTrust Reinsurance Segment

General 

AmTrust is a multinational specialty property and casualty insurance holding company with operations in the U.S., Europe and Bermuda. Effective January 1, 2019 (a) the AmTrust Quota Share, and (b) the European Hospital Liability Quota Share were terminated on a run-off basis. These transactions are broadly referred to herein as the "Final