Maiden Holdings, Kestrel Group to combine
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 30 2024
0mins
Combination Agreement: Maiden Holdings and Kestrel Group have agreed to combine into a new publicly listed specialty program group, with the transaction valuing Kestrel at up to $167.5 million and expected to close in the first half of 2025.
Leadership and Structure: The combined entity will be rebranded as Kestrel Group, led by Luke Ledbetter, Terry Ledbetter, and Pat Haveron, and will continue operations through existing insurance carriers while having the option to acquire insurers from AmTrust Financial Services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
