Company: MHLA
Filing Date: 2025-03-24
Form Type: 425
Source: 0001104659-25-027214
Chunk: 5

Company: Maiden Holdings, Ltd.
Filing Date: 2025-03-24
Form: 425
Chunk 5
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 as Chairman, President and Chief Executive Officer
until his retirement at the end of 2019. Mr. Ledbetter pioneered the dedicated fronting business model in the property &
casualty industry and guided State National through its initial public offering in 2014 and sale to Markel Corporation in 2017. He received
his B.B.A. from Southern Methodist University.

Neither of Luke Ledbetter or Terry Ledbetter own
directly any securities of Maiden at this time.

Additional information regarding the identity
of all potential participants in the solicitation of proxies to Maiden shareholders in connection with the Transactions and other matters
to be voted upon at the Maiden shareholders meeting to approve the Transactions, and their direct and indirect interests, by security
holdings or otherwise, will be included in the definitive proxy statement/prospectus, when it becomes available.

No Offer or Solicitation

This Current Report on Form 8-K is for informational
purposes only and not intended to and does not constitute an offer to subscribe for, buy or sell, the solicitation of an offer to subscribe
for, buy or sell or an invitation to subscribe for, buy or sell any securities or the solicitation of any vote or approval in any jurisdiction
pursuant to or in connection with the proposed Transactions or otherwise, nor shall there be any sale, issuance or transfer of securities
in any jurisdiction in contravention of applicable law.

<div align='center'>SIGNATURES</div>

Pursuant to the requirements
of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.

| Date: March 24, 2025 | MAIDEN HOLDINGS, LTD. 
 By:                   | /s/ Patrick J. Haveron |                                                     |
|:---------------------|:----------------------|:-----------------------|:----------------------------------------------------|
|                      |                       | Name:                  | Patrick J. Haveron                                  |
|                      |                       | Title:                 | Chief Executive Officer and Chief Financial Officer |