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Shareholders' Equity
 6 Months Ended
Jun. 30, 2013
Stockholders' Equity Note [Abstract]  
Shareholders' Equity
Shareholders' Equity

Preference Shares - Series A

On August 22, 2012, the Company issued six million 8.25% Preference Shares - Series A (the “Preference Shares”), par value $0.01 per share, at a price of $25 per share. The Company received net proceeds of $145,041 from its offering, after deducting expenses and underwriting discounts of $4,959. The Preference Shares have no stated maturity date and are redeemable in whole or in part at the option of the Company any time after August 29, 2017 at a redemption price of $25 per preference share plus any declared and unpaid dividends, without accumulation of any undeclared dividends.

Dividends on the Preference Shares are non-cumulative. Consequently, in the event dividends are not declared on the Preference Shares for any dividend period, holders of Preference Shares will not be entitled to receive a dividend for such period, and such undeclared dividend will not accrue and will not be payable. The holders of Preference Shares will be entitled to receive dividend payments only when, as and if declared by the Company's Board of Directors or a duly authorized committee of the Board of Directors. Any such dividends will be payable from, and including, the date of original issue on a non-cumulative basis, quarterly in arrears.

To the extent declared, these dividends will accumulate, with respect to each dividend period, in an amount per share equal to 8.25% of the $25 liquidation preference per annum. During any dividend period, so long as any Preference Shares remain outstanding, unless the full dividends for the latest completed dividend period on all outstanding Preference Shares have been declared and paid, no dividend shall be paid or declared on the common shares.

The holders of the Preference Shares have no voting rights other than the right to elect up to two of directors if preference share dividends are not declared and paid for six or more dividend periods.

During the three and six months ended June 30, 2013, the Company declared and paid $3,094 and $6,188 in preference share dividends, respectively.

Accumulated Other Comprehensive Income

The following tables set forth financial information regarding the changes in the balances of each component of accumulated other comprehensive income for the three and six months ended June 30, 2013 and 2012.

10. Shareholders' Equity (continued)

For the Three Months Ended June 30, 2013
 
Change in net unrealized gains on investments
 
Foreign currency translation adjustments
 
Total
Beginning balance
 
$
132,736

 
$
347

 
$
133,083

Other comprehensive loss before reclassifications
 
(83,489
)
 
(1,569
)
 
(85,058
)
Amounts reclassified from accumulated other comprehensive income
 
—

 
—

 
—

Net current period other comprehensive loss
 
(83,489
)
 
(1,569
)
 
(85,058
)
Ending balance
 
49,247

 
(1,222
)
 
48,025

Noncontrolling interest
 
—

 
(10
)
 
(10
)
Ending balance, Maiden shareholders
 
$
49,247

 
$
(1,212
)
 
$
48,035

For the Three Months Ended June 30, 2012
 
Change in net unrealized gains on investments
 
Foreign currency translation adjustments
 
Total
Beginning balance
 
$
93,036

 
$
(2,187
)
 
$
90,849

Other comprehensive income before reclassifications
 
803

 
3,909

 
4,712

Amounts reclassified from accumulated other comprehensive income
 
(9
)
 
—

 
(9
)
Net current period other comprehensive income
 
794

 
3,909

 
4,703

Ending balance
 
93,830

 
1,722

 
95,552

Noncontrolling interest
 
—

 
(6
)
 
(6
)
Ending balance, Maiden shareholders
 
$
93,830

 
$
1,728

 
$
95,558

For the Six Months Ended June 30, 2013
 
Change in net unrealized gains on investments
 
Foreign currency translation adjustments
 
Total
Beginning balance
 
$
143,665

 
$
(2,539
)
 
$
141,126

Other comprehensive income (loss) before reclassifications
 
(91,337
)
 
1,317

 
(90,020
)
Amounts reclassified from accumulated other comprehensive income
 
(3,081
)
 
—

 
(3,081
)
Net current period other comprehensive (loss) income
 
(94,418
)
 
1,317

 
(93,101
)
Ending balance
 
49,247

 
(1,222
)
 
48,025

Noncontrolling interest
 
—

 
(10
)
 
(10
)
Ending balance, Maiden shareholders
 
$
49,247

 
$
(1,212
)
 
$
48,035

For the Six Months Ended June 30, 2012
 
Change in net unrealized gains on investments
 
Foreign currency translation adjustments
 
Total
Beginning balance
 
$
63,737

 
$
314

 
$
64,051

Other comprehensive income before reclassifications
 
30,112

 
1,408

 
31,520

Amounts reclassified from accumulated other comprehensive income
 
(19
)
 
—

 
(19
)
Net current period other comprehensive income
 
30,093

 
1,408

 
31,501

Ending balance
 
93,830

 
1,722

 
95,552

Noncontrolling interest
 
—

 
(6
)
 
(6
)
Ending balance, Maiden shareholders
 
$
93,830

 
$
1,728

 
$
95,558