Reinsurance News
Kestrel Group
Kestrel sees net income hit $46.7m in 2025 amid premium growth
13th March 2026
Kestrel, a specialty insurance platform that provides fronting services to program managers, reinsurers, and reinsurance brokers, has reported net income of $46.7m for the full year 2025, driven by strong premium growth and a significant accounting gain tied to a bargain-purchase transaction. For 2025, Kestrel generated total revenues of $34m, compared ... Read the full article
Kestrel Group subsidiary initiates arbitration claim over reinsurance dispute
27th November 2025
Kestrel Group has disclosed that its subsidiary, Genesis Legacy Solutions (GLS), has initiated arbitration against a ceding company under a reinsurance agreement, citing alleged breaches and misrepresentations. The arbitration arises from a reinsurance contract that provides two types of coverage, Reinsurance Premium Protection (RPP) with aggregate limits of approximately $25 million and ... Read the full article
Kestrel Group reports Q3’25 total revenue of $17.4m
6th November 2025
Kestrel Group Ltd, a recently established specialty insurance platform that provides fronting services to program managers, reinsurers, and reinsurance brokers, has reported total third quarter 2025 revenues of $17.4 million compared to $752 thousand in Q3’24. The firm has reported earnings for the second time since closing its business combination ... Read the full article
Kestrel & Maiden combine to form publicly listed specialty program group
28th May 2025
Kestrel Group LLC and Maiden Holdings, Ltd. have announced the successful completion of their combination, forming a new publicly listed specialty program group. The two companies initially announced in December 2024 that they had entered into a combination agreement. Maiden Holdings received shareholder approval for all proposals related to ... Read the full article
Maiden Holdings combination with Kestrel receives shareholder approval
30th April 2025
Maiden Holdings’ shareholders have approved all proposals related to the company’s proposed business combination with Kestrel Group LLC. Previously announced in December 2024, Maiden entered into a Combination Agreement with Kestrel to form a new, publicly listed specialty program group. Under the agreement, Maiden and Kestrel will become wholly owned subsidiaries ... Read the full article
Maiden and Kestrel combine to form new publicly listed specialty program group
30th December 2024
Maiden Holdings, Ltd., a provider of insurance and reinsurance services, and program specialist Kestrel Group have entered into a combination agreement to form a new, publicly listed specialty program group, expected to close in the first half of 2025. Under the agreement, at the closing of the transaction, each common share ... Read the full article
Kestrel Group appoints Dan Dijak to new senior role
15th November 2022
The Kestrel Group, a strategic entity created to service program managers, MGAs, reinsurers and reinsurance brokers, has appointed Dan Dijak to be its new senior vice president of business development. Dijak joined the firm at the beginning of the month. His most-recent role was as head of US insurance markets at ... Read the full article
Terry & Luke Ledbetter launch program specialist Kestrel Group
30th August 2022
Terry Ledbetter and Luke Ledbetter, formerly of State National Companies, have announced the establishment of a new company which acts as the exclusive producer for four A.M. Best "A-" rated carriers, called Kestrel Group. The four carriers are widely licensed throughout the U.S. with broad admitted and surplus lines capabilities. An announcement ... Read the full article
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