Kestrel Group, Ltd. (KG)

Kestrel Group, Ltd. is an insurance holding company formed through the combination of Kestrel, a specialty insurance program manager, with Maiden Holdings, a Bermuda-based reinsurance and legacy insurance company. The combined business focuses on specialty property and casualty insurance, in which Kestrel designs, underwrites and administers programs on behalf of insurance carriers, often for niche commercial risks.

The company earns fee income from managing these programs and may participate in the underlying risk, while the legacy Maiden operations include the management of reinsurance portfolios and other run-off business. Its common stock trades on the Nasdaq.