Schedule 13D/A

Filed by: CATALINA HOLDINGS (BERMUDA) LTD
Total Shares: 5,563,912
Subject Company: Maiden Holdings Ltd - View Complete Ownership History Backtest
Filed as of Date: 06/10/2020
Event Date: 06/10/2020
Overall % Ownership: 6.57
Theoretical performance if you bought this security on the day the filing was released.
Perf 1d Perf 5d Perf 1m Perf 6m Perf 1y Max Gain # Days to Max Gain Max Loss # Days to Max Loss
3.9682 1.5873 4.7619 66.6667 91.2699 117 -6.3492 76

Reporting Persons

Name Sole
Voting Power
Shared
Voting Power
Sole
Dispositive Power
Shared
Dispositive Power
Aggregate
Amount Owned
Percent
of class
CATALINA HOLDINGS (BERMUDA) LTD 5,563,912 0 5,563,912 0 5,563,912 6.57%
View Original Filing on Edgar's

Raw Filing Contents

0001193125-20-165644.txt : 20200610
0001193125-20-165644.hdr.sgml : 20200610
20200610154703
ACCESSION NUMBER:		0001193125-20-165644
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20200610
DATE AS OF CHANGE:		20200610

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Maiden Holdings, Ltd.
		CENTRAL INDEX KEY:			0001412100
		STANDARD INDUSTRIAL CLASSIFICATION:	FIRE, MARINE & CASUALTY INSURANCE [6331]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			D0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-84099
		FILM NUMBER:		20954605

	BUSINESS ADDRESS:	
		STREET 1:		SCHRODERS HOUSE
		STREET 2:		131 FRONT STREET
		CITY:			HAMILTON
		STATE:			D0
		ZIP:			HM 12
		BUSINESS PHONE:		(441) 295-5225

	MAIL ADDRESS:	
		STREET 1:		48 PAR-LA-VILLE ROAD
		STREET 2:		SUITE 1141
		CITY:			HAMILTON
		STATE:			D0
		ZIP:			-HM 11

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Catalina Holdings (Bermuda) Ltd
		CENTRAL INDEX KEY:			0001569798
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		THISTLE HOUSE
		STREET 2:		4 BURNABY STREET
		CITY:			HAMILTON HM11
		STATE:			D0
		ZIP:			00000
		BUSINESS PHONE:		44 7979 533 418

	MAIL ADDRESS:	
		STREET 1:		THISTLE HOUSE
		STREET 2:		4 BURNABY STREET
		CITY:			HAMILTON HM11
		STATE:			D0
		ZIP:			00000
SC 13D/A 1 d940358dsc13da.htm SC 13D/A SC 13D/A

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 2)*

 

 

MAIDEN HOLDINGS, LTD.

(Name of Issuer)

Common Shares

(Title of Class of Securities)

G5753U112

(CUSIP Number)

Keith Lyon

Group General Counsel

Catalina Holdings (Bermuda) Ltd.

The Belvedere Building, 2nd Floor

69 Pitts Bay Road, Pembroke HM 08, Bermuda

Tel: +1 441 494 6350

With a Copy to:

Nicholas F. Potter, Esq.

Debevoise & Plimpton LLP

919 Third Avenue

New York, New York 10022

Tel: 212 909 6000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

June 10, 2020

(Date of Event Which Requires Filing of this Statement)

 

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box  ☐.

 

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.

 

 

 

*

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 


CUSIP No. G5753U112      

 

  1.       

  NAME OF REPORTING PERSON

 

  CATALINA HOLDINGS (BERMUDA) LTD.

  2.      

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)  ☐         (b)  ☐

 

  3.      

  SEC USE ONLY

 

  4.      

  SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

  WC

  5.      

  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)

 

  ☐

  6.      

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  BERMUDA

Number of

Shares

  Beneficially  

Owned by

Each

Reporting

Person

With

    7.     

  SOLE VOTING POWER

 

  5,563,912

    8.     

  SHARED VOTING POWER

 

  0

  9.     

  SOLE DISPOSITIVE POWER

 

  5,563,912

  10.     

  SHARED DISPOSITIVE POWER

 

  0

  11.      

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  5,563,912

  12.      

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  ☐

  13.      

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

  6.57%1

  14.      

  TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  CO

 

1 

Calculated based on the 84,718,837 aggregate number of Common Shares stated to be outstanding on May 10, 2020 by the Issuer in the Issuer’s Form 10-Q filed with the Securities and Exchange Commission on May 15, 2020.

 

2


AMENDMENT NO. 2 TO SCHEDULE 13D

This Amendment No. 2 to Schedule 13D (“Amendment No. 2”) amends and supplements the statement on Schedule 13D initially filed April 2, 2018, as amended by Amendment No. 1 to Schedule 13D filed on September 14, 2018 (as may be further amended or supplemented up to the date hereof, the “Schedule 13D”), by and on behalf of Catalina Holdings (Bermuda) Ltd., a Bermuda registered and domiciled holding company (“Catalina”), relating to the common shares, par value $0.01 per share (“Common Shares”), of Maiden Holdings, Ltd., a Bermuda registered and domiciled holding company (the “Issuer”). Information reported in the Schedule 13D remains in effect except to the extent that it is amended or superseded by information contained in this Amendment No. 2.

 

ITEM 2.

IDENTITY AND BACKGROUND

Item 2 is hereby amended by updating the principal office of Catalina to be The Belvedere Building, 2nd Floor, 69 Pitts Bay Road, Pembroke HM 08, Bermuda.

Item 2 is hereby amended by amending and restating the name, present principal occupation or employment and business address and citizenship of each director and executive officer of Catalina as set forth below.

 

Name

  

Present Principal Occupation/Employment
and Address

   Citizenship  

Directors

     
Mr. Christopher Fagan   

Chief Executive Officer of Catalina Holdings (Bermuda) Ltd.

BUSINESS ADDRESS:

Catalina Holdings (Bermuda) Ltd.

The Belvedere Building, 2nd Floor

69 Pitts Bay Road

Pembroke HM 08

Bermuda

     UK  
Mr. Dean Dwonczyk   

Group Director of Liabilities and Risk Management of Catalina Holdings (Bermuda) Ltd.

BUSINESS ADDRESS:

Catalina Holdings (Bermuda) Ltd.

The Belvedere Building, 2nd Floor

69 Pitts Bay Road

Pembroke HM 08

Bermuda

     Australia  
Mr. Jacques Bonneau   

Independent Non-Executive Director

BUSINESS ADDRESS:

Catalina Holdings (Bermuda) Ltd.

The Belvedere Building, 2nd Floor

69 Pitts Bay Road

Pembroke HM 08

Bermuda

     USA  
Mr. Aditya Dutt   

Senior Vice President at RenaissanceRe Holdings Ltd.

BUSINESS ADDRESS:

Renaissance House

12 Crow Lane

Pembroke HM 19

Bermuda

     India  

 

3


Ms. Caroline Foulger   

Senior Independent Non-Executive Director

BUSINESS ADDRESS:

Catalina Holdings (Bermuda) Ltd.

The Belvedere Building, 2nd Floor

69 Pitts Bay Road

Pembroke HM 08

Bermuda

   UK
Mr. Frank (“Chip”) Gillis   

Non-Executive Director representing Athene Life Re Ltd. Reinsurance Affiliate

BUSINESS ADDRESS:

Catalina Holdings (Bermuda) Ltd.

The Belvedere Building, 2nd Floor

69 Pitts Bay Road

Pembroke HM 08

Bermuda

   USA
Mr. Bruce Hemphill   

Consultant to Apollo Global Management, Inc.

BUSINESS ADDRESS:

Catalina Holdings (Bermuda) Ltd.

The Belvedere Building, 2nd Floor

69 Pitts Bay Road

Pembroke HM 08

Bermuda

   UK
Mr. Alexander Humphreys   

Partner of Apollo Global Management, Inc.

BUSINESS ADDRESS:

Apollo Management International LLP

25 St. George Street

London W1S 1FS

United Kingdom

   UK
Mr. Gernot Lohr   

Senior Partner of Apollo Global Management, Inc.

BUSINESS ADDRESS:

Apollo Management International LLP

25 St. George Street

London W1S 1FS

United Kingdom

   Germany
Dr. Manfred Puffer   

Consultant to Apollo Global Management, Inc.

BUSINESS ADDRESS:

Catalina Holdings (Bermuda) Ltd.

The Belvedere Building, 2nd Floor

69 Pitts Bay Road

Pembroke HM 08

Bermuda

   Austria
Mr. Thomas Sorell   

Independent Non-Executive Director

BUSINESS ADDRESS:

Catalina Holdings (Bermuda) Ltd.

The Belvedere Building, 2nd Floor

69 Pitts Bay Road

Pembroke HM 08

Bermuda

   USA

 

4


Executive Officers                   

Mr. Christopher Fagan

  

Chief Executive Officer

BUSINESS ADDRESS:

Catalina Holdings (Bermuda) Ltd.

The Belvedere Building, 2nd Floor

69 Pitts Bay Road

Pembroke HM 08

Bermuda

   UK
Mr. Dean Dwonczyk   

Group Director of Liabilities and Risk Management

BUSINESS ADDRESS:

Catalina Holdings (Bermuda) Ltd.

The Belvedere Building, 2nd Floor

69 Pitts Bay Road

Pembroke HM 08

Bermuda

   Australia
Mr. Gary Haase   

Group Chief Operating Officer

BUSINESS ADDRESS:

Catalina Holdings (Bermuda) Ltd.

The Belvedere Building, 2nd Floor

69 Pitts Bay Road

Pembroke HM 08

Bermuda

   USA
Mr. Derrick Irby   

Group Chief Financial Officer

BUSINESS ADDRESS:

Catalina Holdings (Bermuda) Ltd.

The Belvedere Building, 2nd Floor

69 Pitts Bay Road

Pembroke HM 08

Bermuda

   Bermuda
Mr. Keith Lyon2   

Group General Counsel

BUSINESS ADDRESS:

Catalina Holdings (Bermuda) Ltd.

The Belvedere Building, 2nd Floor

69 Pitts Bay Road

Pembroke HM 08

Bermuda

   UK
Mr. Philipp Waldstein   

Group Chief Investment Officer

BUSINESS ADDRESS:

Catalina Holdings (Bermuda) Ltd.

The Belvedere Building, 2nd Floor

69 Pitts Bay Road

Pembroke HM 08

Bermuda

   Germany

 

 

2 

Mr. Lyon also serves as an alternate director of Catalina.

 

5


Mr. Mayur Patel   

Head of M&A

BUSINESS ADDRESS:

Catalina Holdings (Bermuda) Ltd.

The Belvedere Building, 2nd Floor

69 Pitts Bay Road

Pembroke HM 08

Bermuda

   USA
Mr. Charles Kasmer   

Group Chief Actuary

BUSINESS ADDRESS:

Catalina Holdings (Bermuda) Ltd.

The Belvedere Building, 2nd Floor

69 Pitts Bay Road

Pembroke HM 08

Bermuda

   USA
Mr. Campbell McBeath   

Head of Treasury

BUSINESS ADDRESS:

Catalina Holdings (Bermuda) Ltd.

The Belvedere Building, 2nd Floor

69 Pitts Bay Road

Pembroke HM 08

Bermuda

   Bermuda
Mr. Timothy Walker   

Group Chief Risk Officer

BUSINESS ADDRESS:

Catalina Holdings (Bermuda) Ltd.

The Belvedere Building, 2nd Floor

69 Pitts Bay Road

Pembroke HM 08

Bermuda

   UK

During the last five years, neither Catalina nor, to the knowledge of Catalina, any of the persons set forth in the table above (i) has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction resulting in a judgment, decree or final order enjoining any of them from future violations of, or prohibiting or mandating activities subject to, U.S. federal or state securities laws or finding any violation with respect to such laws.

ITEM 5. INTEREST IN SECURITIES OF THE ISSUER

Item 5 is hereby amended and restated in its entirety as follows:

(a) Catalina beneficially owns in aggregate 5,563,912 Common Shares, which represent 6.57% of the outstanding Common Shares based on 84,718,837 Common Shares outstanding as of May 10, 2020, as reported in the Issuer’s Form 10-Q filed with the Securities and Exchange Commission on May 15, 2020.

(b) Catalina has the sole power to vote or direct the vote, and the sole power to dispose or direct the disposition, of all such 5,563,912 Common Shares.

(c) The following table lists all the transactions in Common Shares effected during the past sixty days by Catalina. All such transactions were effected on the open market.

 

Common Shares Sold

 

Price per Share ($)

  

Date of Sale

100,000

  1.1500    April 30, 2020

13,677

  1.3563    May 28, 2020

85,711

  1.2655    May 29, 2020

29,682

  1.2025    June 1, 2020

26,987

  1.2002    June 2, 2020

16,900

  1.2050    June 3, 2020

78,802

  1.2050    June 4, 2020

185,723

  1.2527    June 5, 2020

441,705

  1.3070    June 8, 2020

100,882

  1.2907    June 9, 2020

 

6


SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: June 10, 2020

 

CATALINA HOLDINGS (BERMUDA) LTD.
By:  

/s/ Brenda Lehmann

  Name: Brenda Lehmann
  Title: Alternate Director

 

7

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