As previously reported in the Current Report on Form 8-K dated November 3, 2007, the Registrant's wholly owned subsidiary, Maiden Holdings North America, Ltd. ("Maiden NA"), entered into an agreement to acquire GMAC RE LLC, the reinsurance managing general agent writing business on behalf of Motors Insurance Corporation, and the renewal rights for the business written by GMAC RE. The transaction closed simultaneously with the signing of the agreements. In connection with the closing of the transaction, GMAC RE management and employees have transitioned to Maiden NA and GMAC RE was renamed Maiden RE. This Amendment No. 1 on Form 8-K/A amends and supplements the November 3, 2008 Form 8-K of the Company to include financial statements and pro forma financial information.

(a) Financial statements of business acquired.

The following financial statements required by Item 9.01(a) of form 8-K are attached hereto as Exhibit 99.1 and 99.2.

Exhibit 99.1
(i) Interim Unaudited Condensed Carve-Out Financial Statements of GMAC RE (A Carve-out of GMAC Insurance Holdings LLC) for the nine months ended September 30, 2008 and 2007

Report of Independent Registered Public Accounting Firm Condensed Balance Sheets as of September 30, 2008 (Unaudited) and December 31, 2007
Unaudited Condensed Statements of Operations for the nine months ended September 30, 2008 and 2007
Unaudited Condensed Statements of Division Equity for the nine months ended September 30, 2008 and 2007
Unaudited Condensed Statements of Cash Flows for the nine months ended September 30, 2008 and 2007.
Notes to the Unaudited Condensed Carve-Out Financial Statements

Exhibit 99.2
(ii) Carve-Out Financial Statements of GMAC RE (A Carve-out of GMAC Insurance Holdings LLC) for the years ended December 31, 2007, 2006 and 2005.

Report of Independent Registered Public Accounting Firm Carve-Out Balance Sheets as of December 31, 2007 and 2006 Carve-Out Statements of Operations for the years ended December 31, 2007, 2006 and 2005
Carve-Out Statements of Division Equity for the year ended December 31, 2007, 2006 and 2005
Carve-Out Statements of Cash Flows for the year ended December 31, 2007, 2006 and 2005
Notes to the Carve-Out Financial Statements

(b) Pro Forma financial information

The following unaudited condensed consolidated pro forma financial information required by Item 9.01(b) of Form 8-K is attached as Exhibit 99.3.

Unaudited Pro Forma Financial Information Unaudited Condensed Consolidated Pro Forma Balance Sheet as of September 30, 2008
Unaudited Condensed Consolidated Pro Forma Statement of Income for the nine months ended September 30, 2008
Unaudited Condensed Consolidated Pro Forma Statement of Income for the year ended December 31, 2007
Notes to Unaudited Condensed Consolidated Pro Forma Financial Statements

(c) Not applicable
(d) Exhibits.

Exhibit Number Description

23.1           Consent of BDO Seidman, LLP
99.1           Report of Independent Registered Public Accounting
               Firm
               Condensed Balance Sheets as of September 30,
               2008(Unaudited) and December 31, 2007
               Unaudited Condensed Statements of Operations for the
               nine months ended September 30, 2008 and 2007
               Unaudited Condensed Statements of Division Equity for
               the nine months ended September 30, 2008 and 2007
               Unaudited Condensed Statements of Cash Flows for the
               nine months ended September 30, 2008 and 2007.
               Notes to the Unaudited Condensed Carve-Out Financial
               Statements

99.2           Report of Independent Registered Public Accounting
               Firm
               Carve-Out Balance Sheets as of December 31, 2007 and
               2006
               Carve-Out Statements of Operations for the years
               ended December 31, 2007, 2006 and 2005
               Carve-Out Statements of Division Equity for the year
               ended December 31, 2007, 2006 and 2005
               Carve-Out Statements of Cash Flows for the year ended
               December 31, 2007, 2006 and 2005
               Notes to the Carve-Out Financial Statements

99.3           Unaudited Pro Forma Financial Information
               Unaudited Condensed Consolidated Pro Forma Balance
               Sheet as of September 30, 2008
               Unaudited Condensed Consolidated Pro Forma Statement
               of Income for the nine months ended September 30,
               2008
               Unaudited Condensed Consolidated Pro Forma Statement
               of Income for the year ended December 31, 2007
               Notes to Unaudited Condensed Consolidated Pro Forma
               Financial Statements