Maiden Holdings has announced that it is evaluating strategic alternatives and that it has retained BofA Merrill Lynch to help its board of directors with this.
In February the company said that it was seeking to return to profit in 2018 after it made a net loss of $199.1 million in 2017, down on the $15.2 million profit it made the previous year.
At the time that its results were announced Art Raschbaum, chief executive officer of Maiden, said that the company was actively engaged in efforts to develop and implement strategies and initiatives that were aimed at strengthening shareholder value.
In March Maiden said that it was creating a technology innovation initiative that will help customers identify emerging technology, apply it and then use it to achieve their strategic goals. The company said that its vision was to establish Maiden as the reinsurer of choice by providing clients with knowledge of technologies that helped with those goals.
Maiden, BofA Merrill Lynch, strategy, board, future, evaluation