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EX-99.1 - PRESS RELEASE - Maiden Holdings, Ltd.v228742_ex99-1.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported): July 12, 2011
 
MAIDEN HOLDINGS, LTD.
 (Exact name of registrant as specified in its charter)
 
Bermuda
(State or other jurisdiction
of incorporation)
 
001-34042
(Commission File
Number)
 
98-0570192
(IRS Employer
Identification No.)
 
131 Front Street, Hamilton HM12, Bermuda
(Address of principal executive offices and zip code)
 
(441) 292-7090
(Registrant’s telephone number, including area code)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
       
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
       
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
       
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
   
 
 
 

 
 
Item 8.01 
Other Events.
 
On July 12, 2011, Maiden Holdings, Ltd. (the “Company”) issued a press release announcing the anticipated net underwriting impact of losses during the second quarter due to the unusual frequency of thunderstorm and tornado activity across the United States. The Company announced that the anticipated underwriter impact in the second quarter, net of the Company’s quarterly provision for normalized catastrophe losses, totals approximately $9.5 million. A copy of the press release is hereby filed with the Securities and Commission and incorporated by reference herein as Exhibit 99.1.
 
Forward Looking Statements
 
This report contains "forward-looking statements" which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements are based on the Company's current expectations and beliefs concerning future developments and their potential effects on the Company. There can be no assurance that actual developments will be those anticipated by the Company. Actual results may differ materially from those projected as a result of significant risks and uncertainties, including non-receipt of the expected payments, changes in interest rates, effect of the performance of financial markets on investment income and fair values of investments, developments of claims and the effect on loss reserves, accuracy in projecting loss reserves, the impact of competition and pricing environments, changes in the demand for the Company's products, the effect of general economic conditions, adverse state and federal legislation, regulations and regulatory investigations into industry practices, challenges inherent in international operations, developments relating to existing agreements, heightened competition, changes in pricing environments, and changes in asset valuations. Additional information about these risks and uncertainties, as well as others that may cause actual results to differ materially from those projected is contained in Item 1A. Risk Factors in the Company's Annual Report on Form 10-K for the year ended December 31, 2010 as updated in periodic filings with the SEC.

 
Item 9.01 
Financial Statements and Exhibits.
 
(d) 
Exhibits
 
Exhibit
 
   No.  
Description
99.1
Press Release of Maiden Holdings, Ltd., dated July 12, 2011.

 

 

 
 
 

 
 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
Date: July 15, 2011
MAIDEN HOLDINGS, LTD.
 
       
       
 
By:
/s/ Lawrence F. Metz
 
 
 
Lawrence F. Metz
 
 
 
Senior Vice President, General Counsel and Secretary
 

 

 

 
 

 
 

 
EXHIBIT INDEX
 
Exhibit
   No.  
Description
 
  99.1 
Press Release of Maiden Holdings, Ltd., dated July 12, 2011.