Kestrel Group Ltd
Close on Oct 19, 2026
- Market cap
- $34.70M
- P/E (TTM)
- 0.5
- Dividend yield
- –
About Kestrel
Fire, Marine & Casualty Insurance, SIC 6331
Kestrel Group Ltd is a specialty insurance organization operating through two primary segments: Program Services and Legacy Reinsurance. In its Program Services business, the company provides fronting facilities and issuing carrier capacity, delivering administrative support, regulatory compliance reporting, and access to carrier networks. Its offerings include admitted and surplus lines across casualty, workers' compensation, and both catastrophe and non-catastrophe property insurance. The company serves managing general agencies, insurance program managers, reinsurance brokers, and reinsurers. Its Legacy Reinsurance division manages runoff portfolios of commercial insurance, hospital liability, and property and casualty reinsurance.
The company provides insurance services across all U.S. states through contracts with four partner carriers. Geographically, its operations and legacy subsidiaries extend to the United States, Bermuda, the United Kingdom, and Scandinavian and Northern European countries such as Sweden. Its subsidiaries include entities licensed or organized in Vermont, Delaware, England and Wales, and Sweden, while predecessor holding entity Maiden Holdings remains based in Bermuda.
Summary of the business section of Kestrel's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Kestrel Group Ltd
- Founded
- 2025
- Headquarters
- Pembroke, Bermuda
- Address
- 11 Bermudiana Road, Mailboxes Suite 1141 HM 08
- Phone
- (441) 298-4900
- Employees
- 44, Dec 31, 2025
- Industry
- Fire, Marine & Casualty Insurance
- Incorporated in
- D0
- Fiscal year ends
- December 31
- Auditor
- Ernst & Young LLP, New York, New York
Stock & identifiers
- Ticker
- KG
- Exchange
- Nasdaq
- Shares outstanding
- 8M, Aug 3, 2026
- Public float
- $113.90M, Jun 30, 2025
- Filer category
- Accelerated filer<br>Smaller reporting company
- Stock splits
- 1-for-20 reverse, May 28, 2025
- SEC CIK
- 2055116
- CUSIP
- G5260K102
- ISIN
- USG5260K1028
- EIN
- 98-1833921
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Bradford Luke Ledbetter | Chief Executive Officer, Director | 585,980 |
| Terry Lee Ledbetter | Executive Chairman, Director | 1,038,921 |
| Patrick J. Haveron | President and CFO | 270,214 |
| Lawrence F. Metz | See Remarks | 102,597 |
| Steven Harold Nigro | Director | 24,555 |
| Michael Hotchkiss | Director | 8,055 |
| Joseph Brecher | Director | 13,555 |
| Jeffrey Weissmann | Director | 8,055 |
| Erik Cohen | Director | 8,055 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Luke Ledbetter | $1.53M | $1.53M | $1.45M | $45 | – |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Apr 6, 2026 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Aug 15, 2025 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Aug 11, 2025 | Late filing | Notification of late filing |
| Jun 24, 2025 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| May 30, 2025 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| May 29, 2025 | Name change | Name changed from Ranger Bermuda Topco Ltd to Kestrel Group Ltd |
| May 27, 2025 | Listing | Registration of securities on an exchange (Form 8-A) |
| Mar 10, 2025 | Merger | Registration of securities for a merger or exchange offer (S-4) |