Maiden misses after swinging to loss

Maiden Holdings swung to a second quarter deficit, posting a
$0.14 per share operating loss and widely missing expectations of
securities analysts after adverse developments of $56mn punctured
earnings.
The Wall Street consensus was for a profit of $0.38 a share, the
average of four estimates collected by MarketWatch.
Maiden's combined ratio deteriorated to 105.8 percent,
adding 7.2 points compared with the 2016 second quarter's 98.6
percent.
The operating loss of $12.5mn reflected "the emergenc