Highest-materiality recent filing
Kestrel Q2 2026 net loss $8.1M ($1.03/sh); Program Services fee revenue up 588% YoY
Net loss $8.1M, or $1.03/sh, vs. net income $69.9M in Q2 2025 which included $73.6M bargain purchase gain.
Kestrel Group shareholders elect seven directors and approve executive compensation at AGM
All seven director nominees elected with strong support; votes for ranged from 7.27M to 7.35M.
Final award denies rescission of reinsurance agreement; attachment points and limits unchanged.
Kestrel Group grants $650K performance-based restricted stock to CEO, Chairman, and CFO
On May 13, 2026, Kestrel granted performance-based restricted stock awards of $650,000 each to Executive Chairman, CEO, and President/CFO.
Kestrel Group Q1 2026 net loss $7.0M; program services fee revenue up 287% YoY
Net loss from continuing ops $7.0M ($0.90/share); total revenues $10.2M.
Kestrel Group replaces EY with Grant Thornton as auditor; no disagreements cited
Dismissed Ernst & Young effective April 1, 2026; no adverse opinion in FY2025 report.
Kestrel Group awards $650K FY2026 RSAs and $1.3M catch-up RSAs to three executives
Committee approved $650,000 RSAs each to Terry Ledbetter, Bradford Ledbetter, and Haveron for fiscal 2026.
Kestrel Group reports Q4 net loss of $17.8M on $10.2M revenues; Program Services fees up 95% QoQ
Net loss Q4 $17.8M ($2.29 diluted EPS); full-year net income $46.7M ($8.08 diluted EPS).
Kestrel Group enters amended employment agreement with President & CFO; terms largely unchanged
Base salary unchanged at $950k; bonus opportunity up to 100% of base salary unchanged.
Kestrel subsidiary GLS enters arbitration over reinsurance, seeks rescission and recovery of $10M
GLS demands arbitration after alleging multiple breaches by cedant; seeks full rescission of reinsurance agreements.
Kestrel Group Q3 net loss $5.1M; legacy reinsurance underwriting loss $9.0M
Net loss of $5.1M ($0.65 diluted EPS); total revenues $17.4M, net premiums earned $6.8M.
Third Circuit vacated District Court summary judgment for Maiden in securities class action Wigglesworth v. Maiden Holdings, Ltd.
Kestrel Group files post-merger financials; revenue restated, Q1 2025 revenue down 32%
Merger with Maiden Holdings closed May 27, 2025; Kestrel now part of Bermuda NewCo.
Kestrel Group amends exec chairman and CEO employment agreements; compensation unchanged
Amended agreements for Terry Ledbetter (Exec Chairman) and Luke Ledbetter (CEO), effective Aug 8, 2025.
Revenue understated by ~$2.4M in FY2023 and overstated by ~$1.6M in FY2024, plus $139K in Q1 2025.
Chief Legal Officer Lawrence Metz resigns, gets $1.1M separation paid through May 2028
Lawrence Metz resigned as Chief Legal Officer effective June 30, 2025, to pursue other opportunities.
Kestrel dismisses auditor Frazier & Deeter; engages E&Y and wins NY lawsuit dismissal
Frazier & Deeter dismissed June 18, 2025; no disagreements but material weaknesses in FY2024 internal controls noted.
Maiden Holdings merges with Kestrel; new entity Kestrel Group Ltd begins trading under KG
Each Maiden common share converted into 0.05 of a Kestrel Group common share; Kestrel equity holders received $40M cash and 2.75M shares.
each of the following was designated and appointed to the Board: Terry Ledbetter, Luke Ledbetter, Joseph Brecher, Erik Cohen, Michael Hotchkiss, Steven Nigro and Jeffrey Weissmann
each of the following was designated and appointed to the Board: Terry Ledbetter, Luke Ledbetter, Joseph Brecher, Erik Cohen, Michael Hotchkiss, Steven Nigro and Jeffrey Weissmann
each of the following was designated and appointed to the Board: Terry Ledbetter, Luke Ledbetter, Joseph Brecher, Erik Cohen, Michael Hotchkiss, Steven Nigro and Jeffrey Weissmann
Terry Ledbetter, age 72, serves as Executive Chairman of Kestrel.
each of the following was designated and appointed to the Board: Terry Ledbetter, Luke Ledbetter, Joseph Brecher, Erik Cohen, Michael Hotchkiss, Steven Nigro and Jeffrey Weissmann
each of the following was designated and appointed to the Board: Terry Ledbetter, Luke Ledbetter, Joseph Brecher, Erik Cohen, Michael Hotchkiss, Steven Nigro and Jeffrey Weissmann
Bradford Luke Ledbetter, age 44, serves as President and CEO of Kestrel.
each of the following was designated and appointed to the Board: Terry Ledbetter, Luke Ledbetter, Joseph Brecher, Erik Cohen, Michael Hotchkiss, Steven Nigro and Jeffrey Weissmann
each of the following was designated and appointed to the Board: Terry Ledbetter, Luke Ledbetter, Joseph Brecher, Erik Cohen, Michael Hotchkiss, Steven Nigro and Jeffrey Weissmann
Max materiality 0.95 · Median 0.62 · Most common event other_material