MAIDEN HLDGS LTD
			Symbol			MHLD

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A.M. Best Removes from under Review Ratings of Integon Specialty; Now Named Maiden Specialty Insurance Company

2009-09-09 17:50 ET - News Release

Company Website: http://www.ambest.com
OLDWICK, N.J. -- (Business Wire)

A.M. Best Co. has removed from under review with negative implications and affirmed the financial strength rating (FSR) of A- (Excellent) and issuer credit rating (ICR) of “a-” of Integon Specialty Insurance Company (Integon Specialty), which was subsequently renamed, Maiden Specialty Insurance Company (MSIC) (both of Winston-Salem, NC). These affirmations follow receipt of the approved intercompany quota share reinsurance agreement between MSIC and its affiliate, Maiden Reinsurance Company (MRC) (Maryland Heights, MO). The outlook assigned to the ratings is stable.

On September 1, 2009, Integon Specialty’s was purchased by Maiden Holdings, Ltd. (Maiden Holdings) (Hamilton, Bermuda) (NASDAQ: MHLD) through its downstream holding company, Maiden Holdings North America, Ltd. (Hamilton, Bermuda), from GMAC Insurance Management Corp. (GMAC-IMC).

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