8-K filed May 27, 2025 23:59 UTC ticker MHLA CIK 0001412100

m_and_a confidence high sentiment positive materiality 0.85

Maiden Holdings completes combination with Kestrel Group; new entity Kestrel Group Ltd begins trading under 'KG'

Maiden Holdings, Ltd.

Maiden shareholders receive 0.05 of a Kestrel Group share per share; Maiden shares cease trading on Nasdaq May 27.
Kestrel equityholders get $40M cash and 2.75M shares, plus up to $45M in contingent consideration tied to EBITDA milestones.
New board: Terry Ledbetter (Executive Chairman), Luke Ledbetter (CEO), Rod Newcomer (CRO). Patrick Haveron named CFO.
Kestrel Group will write business through AmTrust's A- rated carriers and has option to acquire those insurers.
The combination creates a capital-light, fee-based specialty program platform.

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Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Lawrence Metz

President

MHLA · Maiden Holdings, Ltd.

Effective: 2025-05-27
Filed: May 27, 2025 23:59 UTC

Lawrence Metz’s title changed from Executive Vice Chairman and Group President to President

Departed

Simcha Lyons

Director

MHLA · Maiden Holdings, Ltd.

Effective: 2025-05-27
Filed: May 27, 2025 23:59 UTC

In connection with the Transactions, on the Closing Date, Holly Blanchard, Simcha Lyons, Raymond Neff, Yehuda Neuberger, Steven Nigro, Keith Thomas and Barry Zyskind resigned from Maiden’s board of directors, effective upon consummation of the Transactions.

Departed

Barry Zyskind

Director

MHLA · Maiden Holdings, Ltd.

Effective: 2025-05-27
Filed: May 27, 2025 23:59 UTC

In connection with the Transactions, on the Closing Date, Holly Blanchard, Simcha Lyons, Raymond Neff, Yehuda Neuberger, Steven Nigro, Keith Thomas and Barry Zyskind resigned from Maiden’s board of directors, effective upon consummation of the Transactions.

Departed

Raymond Neff

Director

MHLA · Maiden Holdings, Ltd.

Effective: 2025-05-27
Filed: May 27, 2025 23:59 UTC

In connection with the Transactions, on the Closing Date, Holly Blanchard, Simcha Lyons, Raymond Neff, Yehuda Neuberger, Steven Nigro, Keith Thomas and Barry Zyskind resigned from Maiden’s board of directors, effective upon consummation of the Transactions.

Appointed

Rod Newcomer

Chief Risk Officer and Secretary

MHLA · Maiden Holdings, Ltd.

Effective: 2025-05-27
Filed: May 27, 2025 23:59 UTC

Rod Newcomer was appointed Chief Risk Officer and Secretary

Appointed

Bradford Luke Ledbetter

Director

MHLA · Maiden Holdings, Ltd.

Effective: 2025-05-27
Filed: May 27, 2025 23:59 UTC

Terry Ledbetter, Bradford Luke Ledbetter (“Luke Ledbetter”) and Rod Newcomer were appointed to Maiden’s board of directors.

Departed

Holly Blanchard

Director

MHLA · Maiden Holdings, Ltd.

Effective: 2025-05-27
Filed: May 27, 2025 23:59 UTC

In connection with the Transactions, on the Closing Date, Holly Blanchard, Simcha Lyons, Raymond Neff, Yehuda Neuberger, Steven Nigro, Keith Thomas and Barry Zyskind resigned from Maiden’s board of directors, effective upon consummation of the Transactions.

Appointed

Terry Ledbetter

Director

MHLA · Maiden Holdings, Ltd.

Effective: 2025-05-27
Filed: May 27, 2025 23:59 UTC

Terry Ledbetter, Bradford Luke Ledbetter (“Luke Ledbetter”) and Rod Newcomer were appointed to Maiden’s board of directors.

Appointed

Terry Ledbetter

Executive Chairman

MHLA · Maiden Holdings, Ltd.

Effective: 2025-05-27
Filed: May 27, 2025 23:59 UTC

Luke Ledbetter was appointed Chief Executive Officer, Rod Newcomer was appointed Chief Risk Officer and Secretary and Terry Ledbetter was named Executive Chairman.

Role change

William Jarman

Senior Vice President and Chief Actuary

MHLA · Maiden Holdings, Ltd.

Effective: 2025-05-27
Filed: May 27, 2025 23:59 UTC

William Jarman’s title changed from Chief Actuary and Chief Risk Officer to Senior Vice President and Chief Actuary

Departed

Keith Thomas

Director

MHLA · Maiden Holdings, Ltd.

Effective: 2025-05-27
Filed: May 27, 2025 23:59 UTC

In connection with the Transactions, on the Closing Date, Holly Blanchard, Simcha Lyons, Raymond Neff, Yehuda Neuberger, Steven Nigro, Keith Thomas and Barry Zyskind resigned from Maiden’s board of directors, effective upon consummation of the Transactions.

Role change

Patrick Haveron

Chief Financial Officer

MHLA · Maiden Holdings, Ltd.

Effective: 2025-05-27
Filed: May 27, 2025 23:59 UTC

Patrick Haveron’s title changed from Chief Executive Officer and Chief Financial Officer to Chief Financial Officer

Appointed

Bradford Luke Ledbetter

Chief Executive Officer

MHLA · Maiden Holdings, Ltd.

Effective: 2025-05-27
Filed: May 27, 2025 23:59 UTC

Luke Ledbetter was appointed Chief Executive Officer

Appointed

Rod Newcomer

Director

MHLA · Maiden Holdings, Ltd.

Effective: 2025-05-27
Filed: May 27, 2025 23:59 UTC

Terry Ledbetter, Bradford Luke Ledbetter (“Luke Ledbetter”) and Rod Newcomer were appointed to Maiden’s board of directors.

Departed

Steven Nigro

Director

MHLA · Maiden Holdings, Ltd.

Effective: 2025-05-27
Filed: May 27, 2025 23:59 UTC

In connection with the Transactions, on the Closing Date, Holly Blanchard, Simcha Lyons, Raymond Neff, Yehuda Neuberger, Steven Nigro, Keith Thomas and Barry Zyskind resigned from Maiden’s board of directors, effective upon consummation of the Transactions.

Departed

Yehuda Neuberger

Director

MHLA · Maiden Holdings, Ltd.

Effective: 2025-05-27
Filed: May 27, 2025 23:59 UTC

In connection with the Transactions, on the Closing Date, Holly Blanchard, Simcha Lyons, Raymond Neff, Yehuda Neuberger, Steven Nigro, Keith Thomas and Barry Zyskind resigned from Maiden’s board of directors, effective upon consummation of the Transactions.

Source: SEC EDGAR

accession 0001104659-25-053082

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