Maiden Re(US:MHLD) Prnewswire·2025-05-27 13:31Group 1 - Kestrel Group LLC and Maiden Holdings, Ltd. have successfully closed their combination, forming Kestrel Group Ltd, which will begin trading on Nasdaq under the ticker symbol "KG" on May 28, 2025 [1][3] - The new entity aims to create a values-driven insurance organization focused on innovation, client service, and long-term relationships, utilizing A.M. Best A- rated insurance carriers [2][4] - The combination is expected to position Kestrel Group to capitalize on favorable market opportunities and accelerate its growth plan to become a leading specialty program group nationwide [3] Group 2 - Kestrel Group specializes in providing fronting services to insurance program managers, MGAs, reinsurers, and reinsurance brokers, facilitating transactions through exclusive management contracts with four A- rated insurance carriers [4] - The company does not assume significant underwriting risk and produces various lines of business, including casualty, workers' compensation, and property insurance [4]