Kestrel dismisses auditor Frazier & Deeter; engages E&Y and wins NY lawsuit dismissal

Kestrel Group Ltd

Frazier & Deeter dismissed June 18, 2025; no disagreements but material weaknesses in FY2024 internal controls noted.
Ernst & Young appointed as new independent auditor for FY2025, effective June 18, 2025.
New York Supreme Court granted Maiden's motion to dismiss WUSO Holding Corp lawsuit on June 17, 2025; plaintiffs may appeal.
E&Y had previously audited Maiden Holdings (now Kestrel subsidiary) for FY2023 and FY2024.

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