Maiden shares plunge 10% after $120mn reserve charge

Shares in Maiden Holdings plummeted by more than 10 percent today
after the Bermuda-based reinsurer announced a $120mn charge related
to commercial auto losses.
The shares gave up as much as 10.6 percent to hit $16.85 before
recovering to change hands at $17.02 at 5:54pm GMT.
It followed a post-close profits warning yesterday (14 February)
in which the reinsurer - which writes a significant quota share of
AmTrust - announced that its fourth quarter results would include a
provision to...