{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-054992","form_type":"8-K","ticker":"KG","cik":"0002055116","company_name":"Kestrel Group Ltd","filed_at":"2025-05-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:50.791304+00:00","generated_at":"2026-05-20T05:06:21.057772+00:00","sec_items":["1.01","2.01","3.03","5.01","5.02","5.05","8.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.95,"calibrated_materiality_score":0.95,"confidence":"high","headline":"Maiden Holdings merges with Kestrel; new entity Kestrel Group Ltd begins trading under KG","bullets":["Each Maiden common share converted into 0.05 of a Kestrel Group common share; Kestrel equity holders received $40M cash and 2.75M shares.","New board appointed: Terry Ledbetter (Exec Chair), Luke Ledbetter (CEO), plus Brecher, Cohen, Hotchkiss, Nigro, Weissmann.","New executive officers: Luke Ledbetter (CEO), Terry Ledbetter (Exec Chair), Patrick Haveron (President & CFO), Lawrence Metz (Chief Legal Officer & Sec).","Company guaranteed Maiden's 6.625% Senior Notes due 2046 and MHNA's 7.75% Senior Notes due 2043 via supplemental indentures.","Kestrel equity holders eligible for contingent consideration up to $45M in shares subject to EBITDA 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(“Maiden”) entered into a Combination Agreement (as amended, the “Combination Agreement”) with Kestrel Group LLC,","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/2055116/000110465925054992/0001104659-25-054992-index.htm","confidence":0.99,"family_label":"M&A Transactions","details":[{"label":"Action","value":"change of control"},{"label":"Counterparty","value":"Maiden Holdings, Ltd."},{"label":"Consideration","value":"each Maiden common share canceled and converted into right to receive one-twentieth (0.05) of a Company common share; Kestrel Equityholders received $40,000,000"},{"label":"Closing","value":"2025-05-27"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}