Maiden Holdings North America (MHNC)
Fixed-rate senior notes issued by Maiden NA, now within Kestrel Group.
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Fixed-rate senior notes issued by Maiden Holdings North America now sit within Kestrel Group. The issuer remains tied to legacy reinsurance runoff while Kestrel provides program and fronting services.
Fixed-rate senior notes were issued by Maiden Holdings North America, the former Maiden platform's funding subsidiary. The notes remained outstanding after Kestrel Group combined with Maiden.
Kestrel Group provides fronting services to insurance program managers, MGAs, reinsurers, and reinsurance brokers through exclusive management contracts with four A.M. Best A- rated carriers. Its work spans casualty, workers' compensation, and property lines without generally taking significant underwriting risk.
Maiden NA remains the note issuer, while Maiden and Kestrel each guarantee the obligations under the current indenture. The legal structure preserves the connection to Maiden's legacy quota-share reinsurance and later runoff arrangements.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Mar 31, 2025Cash & short-term investments $44.3M · Total debt $0 · Total assets $1.23B · Shareholders' equity $37.6M
- Revenue
- $14.0M
- Operating income
- $0
- Net income
- −$8.6M
HistoryDividendAnnual yield
| Institutions | ≥ 0.00% | 1.8K shares | |
|---|---|---|---|
| 2 holders · as of Jun 30, 2026 | |||
| Insiders | 21.86% | 21.67M shares | |
| 3 holders · as of Nov 15, 2022 | |||
| Strategic holders | 10.26% | 10.17M shares | |
| 2 holders · as of Nov 8, 2024 | |||
| Other | ≤ 67.88% | 67.28M shares | |
| remainder | |||
99.12M company shares as of Sep 11, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
The share count is from the company's May 2025 quarterly report; nothing newer is on file here.
Institutional filings for MHLD (100% of the company) are not on file here, so the institutional figure is a floor.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Talkot Capital, LLCInstitution | 13.01% | 12.89M | filed Feb 12, 2025 |
Paul Richard Ray IIIInsider | 8.05% | 7.98M | filed Feb 14, 2022 |
Thomas Bruce AkinInsider | 7.38% | 7.32M | filed Nov 15, 2022 |
Barry D. ZyskindInsider | 6.43% | 6.37M | filed Apr 8, 2019 |
BlackRock, Inc.Strategic | 5.98% | 5.93M | filed Nov 8, 2024 |
Insider tradesForm 4
Nothing filed in the last 12 months.
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CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Maiden Holdings North America | $10.19 | 0.00% | $1.07B | — | — | — | — |
| Markel Group | $1,763.36 | +0.06% | $21.99B | 9.8 | 15.3 | 1.3 | +17.6% |
| Palomar | $131.54 | −0.06% | $3.55B | 18.0 | 12.2 | 3.3 | +210.1% |
| Median | 13.9 | 13.8 | 2.3 | +113.8% |