Maiden Insurance Company Ltd. (MIC), Maiden Reinsurance Company (MRC) and its wholly owned subsidiary; Maiden Specialty Insurance Company (MSIC) have been affirmed the financial strength rating of A- (excellent) and issuer credit rating of "a-" by AM Best Co.

Concurrently, Best has affirmed the ICR of "bbb-" of the parent holding company, Maiden Holdings Ltd. The outlook for all ratings is stable.

The ratings reflect the solid risk-adjusted capitalisation achieved through capital contributions from Maiden Holdings and the operational benefits that MIC derives as a 40 percent quota share partner with AmTrust Financial Services, Inc's (AFSI) Bermuda reinsurance subsidiary, AmTrust International Insurance Ltd. In addition, the ratings reflect MRC's and MSIC's strategic importance to Maiden Holdings as a dedicated US reinsurance platform, providing treaty, accident and health and specialty facultative reinsurance.

Partially offsetting these factors is the execution risk faced by management in achieving its business plans and integrating newer business.

Despite these concerns, the rating outlook is supported by the financial commitment of Maiden Holdings, its seasoned management team and the close working relationship that MIC, MRC and MSIC share with AFSI.