Maiden Holdings, Kestrel Group complete business combination

Kestrel Group (KG) and Maiden Holdings (MHLD) announced the closing of their previously announced combination, forming a new, publicly listed specialty program group operating under the name Kestrel Group. The combination agreement was previously announced on December 30, 2024. Maiden shares will cease trading on the Nasdaq at close of market on May 27, 2025. Kestrel Group shares will begin trading on the Nasdaq at open of market on May 28, 2025 under the ticker symbol “KG”. The combination creates a values-driven insurance organization with a commitment to innovation, client service and long-term relationships. Kestrel Group will continue to write business through its exclusive use of A.M. Best A- FSC XV insurance carriers Sierra Specialty Insurance Company, Rochdale Insurance Company, Park National Insurance Company and Republic Fire and Casualty Insurance Company, all subsidiaries of AmTrust Financial Group, and retains an option to acquire the Insurers from AmTrust.