#10. MAIDEN HOLDINGS LTD. 6.625% NOTES DUE 2046 (MHLA) — 8.94% YIELD, -25.92% DISCOUNT TO PAR
Maiden Holdings is a holding company. Through its subsidiaries, Co. provides reinsurance in the U.S. and Europe. Co. has two segments: Diversified Reinsurance and AmTrust Reinsurance. Co.'s Diversified Reinsurance segment consists of a portfolio of property and casualty reinsurance business focusing on regional and specialty property and casualty insurance companies. In AmTrust Reinsurance segment, Co. reinsures lines of business within the following AmTrust Financial Services, Inc. business segments: small commercial business insurance; specialty risk and extended warranty coverage for consumer and commercial goods and custom designed coverages; and specialty program.