Added to YB: 2025-05-28
Pitch date: 2025-05-27
MHLD [bullish]
Maiden Holdings, Ltd.
Author Info
The Fond Investor is a full-time buyside investor who is focused on identifying, researching, and discussing unique and differentiated investment opportunities, with a focus on smaller and underfollowed companies. Sign up for the newsletter.
Company Info
Maiden Holdings, Ltd., through its subsidiaries, provides property and casualty insurance and reinsurance solutions to regional and specialty insurers in Europe, North America, and internationally.
Market Cap
$99.7M
Pitch Price
N/A
Price Target
1.30 (-94%)
Dividend
N/A
EV/EBITDA
-1.75
P/E
-0.47
EV/Sales
7.88
Sector
Insurance
Category
special_situation
Maiden Holdings, Ltd. - $MHLD
MHLD: Merger with Kestrel creates fronting platform led by State National founders who sold for $900M to Markel. Capital-light model enables MGAs to use licenses, with premiums passed to reinsurers. Currently $143M premium, targeting $1B by 2026 ($25M EBITDA). Valuation: 30% upside ST, multi-bagger potential LT. Risk: deal fails.
Read full article (4 min)