Maiden's commercial auto losses force a $120mn charge

Bermuda-based reinsurer Maiden, which has a significant quota
share with AmTrust, bolstered reserves by around $120mn in the
fourth quarter mainly to adjust for commercial auto losses over
four years through 2014.
The charge included a provision to strengthen reserves and cover
adverse development that was realised in the final three months of
2016, Maiden said in a statement issued after markets closed today
and before it reports fourth-quarter results later this month.
The charge "primarily" s