Maiden misses consensus after swinging to loss

Maiden Holdings swung to a second quarter deficit, posting a
$0.14 per share operating loss and widely missing the expectations
of securities analysts after adverse developments of $56mn
punctured earnings.
The Wall Street consensus was for a profit of $0.38 a share
according to the average of four estimates collected by
MarketWatch.
Maiden's combined ratio deteriorated to 105.8 percent, up
7.2 percentage points from 98.6 percent in Q2 2016.
The operating loss of $12.5mn reflected "the emergence