SCHEDULE 13D/A 0001512303 XXXXXXXX LIVE 2 Common Shares, par value $0.01 per share 05/27/2025 false 0001412100 G5753U112 Maiden Holdings, Ltd.

48 Par-la-Ville Road Suite 1141 Hamilton D0 HM11

Lawrence F. Metz 856-359-2400 159 Bank Street 4th Floor Burlington VT 05401 0001512303 N Maiden Holdings North America, Ltd. WC N DE 0.00 0.00 0.00 0.00 0.00 N 0.00 CO HC 0001960757 N Maiden Reinsurance Ltd. WC N VT 0.00 0.00 0.00 0.00 0.00 N 0.00 CO IC Y Maiden Holdings, Ltd. WC N D0 0.00 0.00 0.00 0.00 0.00 N 0.00 CO HC Common Shares, par value $0.01 per share Maiden Holdings, Ltd. 48 Par-la-Ville Road Suite 1141 Hamilton D0 HM11 This Amendment No. 2 to Schedule 13D ("Amendment No. 2") relates to the Schedule 13D filed on January 6, 2023 (the "Original Schedule 13D"), as amended by the Amendment No. 1 to Schedule 13D filed on December 31, 2024 ("Amendment No. 1"), relating to the common shares, par value $0.01 per share (the "Common Shares") of Maiden Holdings, Ltd., a holding company organized under the laws of Bermuda (the "Issuer"). This Amendment No. 2 is being filed by Maiden Reinsurance Ltd. (the "Subsidiary"), Maiden Holdings North America, Ltd. ("MHNA") and the Issuer (together with the Subsidiary and MHNA, the "Reporting Persons"). Except as specifically amended by this Amendment No. 2, information provided in the Original Schedule 13D as amended by Amendment No. 1 is unchanged. Capitalized terms not defined herein shall have the meanings ascribed to them in Amendment No. 1. Item 4 of Amendment No. 1 is hereby amended and supplemented by adding the following: On May 27, 2025, Kestrel Group LLC, the equityholders of Kestrel Group LLC, Ranger U.S. Newco LLC, Ranger Bermuda Merger Sub Ltd, Ranger Bermuda Topco Ltd ("Bermuda NewCo") and Ranger Merger Sub 2 LLC consummated the transactions under the Combination Agreement, pursuant to which each Common Share of the Issuer was automatically canceled and converted into the right to receive one-twentieth (0.05) of a Bermuda NewCo common share. In connection with the consummation of the transactions under the combination agreement, the Issuer and Kestrel Group LLC released a joint press release, a copy of which is included as Exhibit 99.7 to this Amendment No. 2 and is incorporated herein by reference. As of the date hereof, the Reporting Persons have no beneficial ownership of the Issuer. The Reporting Persons have no sole or shared dispositive power or voting power. See (a) above. None of the Reporting Persons has effected any transactions in the Common Shares during the past 60 days, other than as described in Item 4 above. Refer to the Original Schedule 13D. As of May 27, 2025, the Reporting Persons ceased to be the beneficial owners of more than five percent of the outstanding Common Shares. Item 6 of Amendment No. 1 is hereby amended and supplemented by adding the following: Information set forth above in Item 4 of this Amendment No. 2 is incorporated by reference herein. Exhibit 99.7: Joint Press Release of Maiden Holdings, Ltd. and Kestrel Group LLC (incorporated by reference to the Current Report on Form 8-K, filed by the Issuer on May 27, 2025). Maiden Holdings North America, Ltd. /s/ Lawrence F. Metz 05/29/2025 Maiden Reinsurance Ltd. /s/ Lawrence F. Metz 05/29/2025 Maiden Holdings, Ltd. /s/ Lawrence F. Metz 05/29/2025