4.10
-5.53%
Close of 9 Nov 2026, in USD
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About Kestrel Group
From its filings with the US Securities and Exchange Commission
Kestrel Group is based in Pembroke and is incorporated in Bermuda. Its shares trade on Nasdaq under the ticker KG. The SEC classifies its business as fire, marine & casualty insurance. In the fiscal year to 31 December 2025, it reported revenue of $34.0m and net income of $46.7m. At that date it held total assets of $1.01bn and shareholders' equity of $128.3m.
On May 27, 2025, Kestrel Group LLC (“Kestrel LLC”) and Maiden Holdings, Ltd. (“Maiden”) completed their previously announced combination ("Combination"), forming a new, publicly listed specialty program group operating under the name Kestrel Group Ltd (“Kestrel Group” or "Parent Company"). The Combination was previously announced on December 30, 2024. Maiden shares ceased trading on the NASDAQ Capital Market ("Nasdaq") at close of market on May 27, 2025. Kestrel shares began trading on the Nasdaq at open of market on May 28, 2025 under the ticker symbol “KG”. Upon the closing of the Transactions (the “Closing”), Maiden and Kestrel LLC are now wholly owned subsidiaries of the Company, which was rebranded as Kestrel Group and renamed “Kestrel Group Ltd” ("Kestrel").
The Combination creates a capital light, fee-based insurance platform with the ability to selectively deploy underwriting capacity to optimize shareholder returns, with a commitment to innovation, client service and long-term relationships.
Our strategic focus centers on growing the fee income component of our Program Services business, which will increase our pre-tax income while effectively managing the continuing run-off of the legacy Maiden alternative asset and reinsurance portfolios.
Quoted from its 10-K, filed 13 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Financials
- Industry
- Insurance
- Listed since
- 6 May 2008
- Employees
- 44
- Website
- maiden.bm ↗
- Head office
- 11 BERMUDIANA ROAD, PEMBROKE, HM 08
- Incorporated in
- D0
- Classification
- Fire, Marine & Casualty Insurance
- Filer status
- Accelerated filer<br>Smaller reporting company
Leadership
Pay as last reported
- Mr. Terry LedbetterExecutive Chairman of the Board, since 2025
- Mr. Lawrence MetzPresident, Director, since 2009$1.5m
- Mr. Bradford LedbetterChief Executive Officer, Director, since 2025
- Mr. Patrick HaveronChief Financial Officer, Director, since 2009$1.9m
- Mr. Mark HeintzmanSenior Vice President - Finance
- Mr. William JarmanSenior Vice President, Chief Actuary$660,152
- Mr. Rod NewcomerChief Risk Officer, Director, since 2025
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 40
- Environment
- 19
- Social
- 31
- Governance
- 70
- Carbon reduction policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Maiden Holdings Ltd. serves regional insurers in the United States and Europe with customized reinsurance solutions.
- Diversified Reinsurance segment focuses on property and casualty business for regional insurers.
- AmTrust Reinsurance provides multinational specialty insurance services across Europe and Bermuda.
Weaknesses
- Maiden Holdings Ltd. has only 44 employees, indicating limited operational capacity.
- The company operates through two segments with a focus on regional markets only.
- Maiden Reinsurance Ltd. is a subsidiary providing reinsurance services without global reach.
Opportunities
- Expanding into select global markets beyond the United States and Europe.
- Growing demand for non-catastrophic reinsurance products in regional markets.
- Maiden Global Holdings, Ltd. offers international insurance sales and distribution services.
Threats
- Dependence on regional markets in the United States and Europe for business growth.
- Limited employee count of 44 may hinder scalability and market expansion.
- AmTrust Reinsurance's focus on specialty insurance could face increased competition.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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