---
schema_version: "secwatch.filing_event.v1"
accession: "0002055116-25-000007"
form_type: "8-K"
ticker: "KG"
cik: "0002055116"
company_name: "Kestrel Group Ltd"
filed_at: "2025-06-24T23:59:59+00:00"
generated_at: "2026-05-18T23:05:51.214651+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0002055116-25-000007
- form_type: 8-K
- ticker: KG
- cik: 0002055116
- company_name: Kestrel Group Ltd
- filed_at: 2025-06-24T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 4.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2055116/000205511625000007/0002055116-25-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2055116/000205511625000007/mhld-20250624.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0002055116-25-000007
- JSON: https://secwatch.observer/filing/0002055116-25-000007.json
- Plain text: https://secwatch.observer/filing/0002055116-25-000007.txt

## Key facts
- Auditor Changes
  Kestrel Group Ltd engaged Ernst & Young LLP as its auditor.
  - Action: engagement
  - Auditor: Ernst & Young LLP
  source text: On June 18, 2025, the audit committee of the board of directors of Kestrel approved the engagement of Ernst & Young LLP ("E&Y") as Kestrel's new independent registered public accounting firm for the year ending December 31, 2025, and interim periods ending after May 27, 2025, effective as of Kestrel’s dismissal of F&D.
  evidence_url: https://www.sec.gov/Archives/edgar/data/2055116/000205511625000007/0002055116-25-000007-index.htm
- Auditor Changes
  Kestrel Group Ltd dismissed Frazier & Deeter, LLC as its auditor.
  - Action: dismissal
  - Auditor: Frazier & Deeter, LLC
  source text: On June 18, 2025, the independent registered public accounting firm previously engaged by Kestrel Group Ltd ("Kestrel" or the "Company"), Frazier & Deeter, LLC (“F&D”), was dismissed, effective June 18, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/2055116/000205511625000007/0002055116-25-000007-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.