Item 5.02. Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On January 15, 2009, Maiden Holdings, Ltd. (the "Company") announced the termination of employment of Ben Turin, its Chief Operating Officer, General Counsel and Secretary. John M. Marshaleck was appointed the Company's Chief Operating Officer by the Board of Directors. Mr. Marshaleck is president of Maiden RE and has served in several capacities with Maiden RE and its predecessors since 1983.

This Current Report on Form 8-K may contain, among other things, certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, statements with respect to the Company's plans, objectives, expectations and intentions and other statements identified by words such as "may", "could", "would", "should", "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. These statements are based upon the current beliefs and expectations of the Company's management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. These forward-looking statements involve certain risks and uncertainties that are subject to change based on various factors (many of which are beyond the Company's control).

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

January 20, 2009 MAIDEN HOLDINGS, LTD.

By: /s/ Michael Tait Name: Michael Tait Title: Chief Financial Officer

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