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Long-Term Debt | 12 Months Ended
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Dec. 31, 2015
Debt Disclosure [Abstract] |
Long-Term Debt | Long-Term Debt Senior Notes The Company, through its wholly owned subsidiary Maiden NA, completed public debt offerings on three separate occasions, with the issuance of senior notes in 2011, 2012 and 2013, respectively, (the "Senior Notes"). Each issuance is fully and unconditionally guaranteed by the Company and are an unsecured and unsubordinated obligation of the Company. The following table details the Company's Senior Notes issuances:
|  | 2011 Senior Notes |  | 2012 Senior Notes |  | 2013 Senior Notes
Principal |  | $ | 107,500 |  |  | $ | 100,000 |  |  | $ | 152,500 |
Debt Issuance Costs |  | 2,811 |  |  | 3,406 |  |  | 5,054 |
Net Proceeds |  | $ | 104,689 |  |  | $ | 96,594 |  |  | $ | 147,446 |
Other details: |  |  |  |  |  |
Maturity date |  | June 15, 2041 |  |  | March 27, 2042 |  |  | December 1, 2043 |
Earliest redeemable date (for cash) |  | June 15, 2016 |  |  | March 27, 2017 |  |  | December 1, 2018 |
Coupon rate |  | 8.25 | % |  | 8.00 | % |  | 7.75 | %
Effective interest rate |  | 8.47 | % |  | 8.28 | % |  | 8.04 | %
7. Long-Term Debt (continued) The interest expense incurred on the Senior Notes for the year ended December 31, 2015 was $28,687 (2014 - $28,687, 2013 - $18,084), of which $1,523 was accrued at December 31, 2015 and 2014. The debt issuance costs related to the Senior Notes were capitalized and are being amortized over the life of the notes. The amount of amortization expense was $376 for the year ended December 31, 2015 (2014 - $375, 2013 - $223).

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 + Details
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