{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-053082","form_type":"8-K","ticker":"MHLA","cik":"0001412100","company_name":"Maiden Holdings, Ltd.","filed_at":"2025-05-27T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.209910+00:00","generated_at":"2026-05-20T10:25:25.587528+00:00","sec_items":["2.01","3.01","3.03","5.01","5.02","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Maiden Holdings completes combination with Kestrel Group; new entity Kestrel Group Ltd begins trading under 'KG'","bullets":["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 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