Ranger Bermuda Topco LTD
Market Movers (8-K)
NASDAQ
Kestrel Group Ltd. held its 2026 Annual General Meeting, where shareholders overwhelmingly approved the election of seven directors, the appointment of Grant Thornton LLP as auditors, and an annual advisory vote on executive compensation.
NASDAQ
Kestrel Group's subsidiary received a mixed arbitration award regarding a reinsurance agreement, with the primary claim denied but adjustments required for past payments and a $1 million attorneys' fee award.
NASDAQ
Kestrel Group Ltd. announced new performance-based restricted stock awards totaling $1.95 million for its top executives, tied to fiscal year 2026 EBITDA targets for its program services segment.
NASDAQ
Kestrel Group reported a net loss of $7.4 million for Q1 2026, despite significant growth in its Program Services segment.
NASDAQ
Kestrel Group Ltd has dismissed Ernst & Young LLP and appointed Grant Thornton LLP as its new independent auditor.
NASDAQ
Kestrel Group Ltd's Compensation Committee approved $3.9 million in restricted share awards for three executives for fiscal years 2025 and 2026, while canceling prior Maiden equity awards for one executive.
Quarterly Earnings (10-Q)
NASDAQ
Kestrel Group reported a net loss of $7.4 million for the first quarter of 2026 as it continues to integrate legacy reinsurance operations and expand its fee-based program services platform.
Worse than expected
NASDAQ
Kestrel Group reported a net loss of $5.1 million for Q3 2025, driven by legacy reinsurance losses and increased operating expenses, despite a significant bargain purchase gain for the nine-month period.
Delay expected
Worse than expected
NASDAQ
Kestrel Group Ltd reported a significant net income of $69.9 million for Q2 2025, driven by a $73.6 million bargain purchase gain from its merger with Maiden Holdings, Ltd., despite operational challenges and identified internal control weaknesses.
Delay expected
Better than expected
Annual Reports (10-K)
NASDAQ
Kestrel Group Ltd reported a significant net income for 2025, primarily driven by a bargain purchase gain from its combination with Maiden Holdings, Ltd., despite an underlying operating loss.
Delay expected
Capital raise
Worse than expected
Insider Trading (Form 4)
NASDAQ
Kestrel Group Ltd director Steven Harold Nigro was granted 5,718 restricted shares as part of the company's 2025 Equity Incentive Plan.
NASDAQ
Director Erik Cohen was granted 5,718 restricted common shares of Kestrel Group Ltd under the 2025 Equity Incentive Plan.
NASDAQ
Director Joseph Brecher was granted 5,718 restricted common shares of Kestrel Group Ltd as part of the 2025 Equity Incentive Plan.
NASDAQ
Kestrel Group's President and CFO, Patrick J. Haveron, increased his direct beneficial ownership through new restricted share awards, despite tax-related share withholdings.
Better than expected
NASDAQ
Kestrel Group Ltd's CEO, Bradford Luke Ledbetter, reported acquiring 145,788 common shares through restricted share awards and a disposition of 12,749 shares for tax purposes.
NASDAQ
Kestrel Group's Executive Chairman, Terry Lee Ledbetter, reported recent acquisitions of common shares through Restricted Share Awards and a disposition for tax obligations.
Proxy Statements (Def-14A)
NASDAQ
Kestrel Group Ltd announces its 2026 Annual General Meeting, detailing director elections, executive compensation votes, and auditor appointment.
Schedule 13D - Activist Investments
NASDAQ
Terry Lee Ledbetter and family members have restructured their beneficial ownership in Kestrel Group Ltd, transitioning from indirect to direct holdings and increasing Terry Lee Ledbetter's direct stake.
NASDAQ
Bradford Luke Ledbetter and associated trusts have restructured their beneficial ownership in Kestrel Group Ltd, increasing direct and indirect holdings to 13.1% of common shares.
NASDAQ
A group of Ledbetter family members and associated entities have filed a Schedule 13D, revealing substantial beneficial ownership and significant governance rights in Kestrel Group Ltd following a recent business combination.
NASDAQ
SCHEDULE 13D: AmTrust and Key Insiders Disclose Significant Stake in Kestrel Group Ltd Following Business Combination
AmTrust Financial Services, Inc. and its key executives, Barry D. Zyskind, George Karfunkel, and Leah Karfunkel, have disclosed substantial beneficial ownership in Kestrel Group Ltd (formerly Ranger Bermuda Topco Ltd) following a business combination between Maiden Holdings, Ltd. and Kestrel Group, LLC.
Schedule 13G - Passive Investments
NASDAQ
Talkot Capital, LLC and affiliated entities have reported a 10.2% beneficial ownership stake in Kestrel Group Ltd, totaling 789,472 shares.
NASDAQ
BlackRock, Inc. has reported an amended beneficial ownership of 3.3% in Kestrel Group Ltd, holding 254,000 common shares.
NASDAQ
BlackRock, Inc. has filed a Schedule 13G, reporting beneficial ownership of 5.5% of Kestrel Group Ltd's Common Stock as of June 30, 2025.