Maiden
        Holdings, Ltd. Names Art Raschbaum Chief Executive Officer

       

      HAMILTON,
        Bermuda, Nov 11, 2008 (GlobeNewswire via COMTEX News Network) -- Maiden
        Holdings, Ltd. (Maiden) (Nasdaq:MHLD), today announced that Art Raschbaum
        is to
        serve as the Company's chief executive officer. Most recently, Mr. Raschbaum
        served as president of GMAC Insurance Holdings, Inc. where he led that company's
        global insurance operations with revenue in excess of $4 billion. Mr. Raschbaum
        previously served as president of GMAC RE, general director of risk management
        for General Motors and has held a variety of other insurance positions
        throughout his thirty plus year career with GMACI. 

       

      Max
        Caviet will step-down from his position as CEO. Mr. Caviet will continue
        to
        serve as a director of Maiden Holdings and return to his previous position
        as
        president of AmTrust International Insurance, Ltd. and AmTrust International
        Underwriters, Ltd. 

       

      Joining
        Maiden Holdings, Ltd. in key leadership positions are John Marshaleck who
        has
        been appointed president of Maiden RE and Karen Schmitt as chief operating
        officer of Maiden RE. Mr. Marshaleck has a twenty-five year history with
        the
        group and previously served in the positions of chief financial officer and
        chief operating officer during which time he led a substantial increase in
        the
        company's diversity of products. Ms. Schmitt joined GMAC RE as chief actuary
        ten
        years ago and was promoted to chief operating officer in 2007, in this position
        she assumed additional responsibilities for underwriting and expanded the
        group's products to include accident and health as well as excess and surplus
        lines. 

       

      Art
        Raschbaum stated, "I am pleased to join Maiden Holdings as it continues to
        grow
        and expand its reinsurance business with a focus on customer service and
        innovative solutions for specialty and regional insurance companies. The
        combined Maiden Holdings team will continue to focus on products and services
        that help our clients grow and prosper." 

       

      Barry
        Zyskind, Chairman of Maiden Holdings, Ltd., stated, "We welcome Art Raschbaum,
        John Marshaleck, Karen Schmitt and the GMAC RE team. Their leadership, together
        with the existing Maiden team, will further move forward Maiden's business
        plan.
        We believe that the combination of Maiden's existing business with GMAC RE
        will
        create a dynamic specialty reinsurer able to grow and expand its market
        activities. 

       

      "I
        would
        like to thank Max Caviet for his service to Maiden and the excellent work
        that
        he did in reaching this point. With the acquisition of GMAC RE, it is natural
        that Art Raschbaum will become CEO and continue to build on the solid foundation
        developed by Mr. Caviet," concluded Mr. Zyskind. 

       

      About
        Maiden Holdings, Ltd. 

       

      Maiden
        Holdings, Ltd. is a Bermuda holding company formed in 2007 to offer customized
        reinsurance products and services, through its subsidiary Maiden Insurance
        Company, Ltd., to small and mid-size insurance companies in the United States
        and Europe. For more information about Maiden Holdings, Ltd. visit
www.maiden.bm 

       

      The
        Maiden Holdings, Ltd. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=5006 

       

      Forward
        Looking Statement 

       

      This
        release 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, developments relating to existing
        agreements, heightened competition, changes in pricing environments, and
        changes
        in asset valuations. The Company undertakes no obligation to publicly update
        any
        forward-looking statements. 

       

      This
        news
        release was distributed by GlobeNewswire,
www.globenewswire.com 

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      SOURCE:
        Maiden Holdings, Ltd. 

       

      Maiden
        Holdings, Ltd.

      Devora
        M.
        Goldenberg

      441.292.7090

      irelations@maiden.bm

       

      (C)
        Copyright 2008 GlobeNewswire, Inc. All rights reserved. 

       

      News
        Provided by COMTEX