Company: KG
Filing Date: 2025-03-10
Form Type: S-4
Source: 0001104659-25-021993
Chunk: 486

Company: Kestrel Group Ltd
Filing Date: 2025-03-10
Form: S-4
Chunk 486
---
 the Company Privileged Communications to such third party.

<div align='center'>[ Signature pages follow ]

A-93</div>

TABLE OF CONTENTS

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed and delivered as of the date first above written.

### KESTREL GROUP LLC
By

/s/ Bradford Luke Ledbetter

Name:

Bradford Luke Ledbetter

Title:

President and Chief Executive Officer

### KESTREL INTERMEDIATE LEDBETTER HOLDINGS LLC
By

/s/ Bradford Luke Ledbetter

Name:

Bradford Luke Ledbetter

Title:

Authorized Signatory

<div align='center'>[ Signature Page to Combination Agreement ]</div>

TABLE OF CONTENTS

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed and delivered as of the date first above written.

### AMTRUST FINANCIAL SERVICES, INC.
By

/s/ Adam Karkowsky

Name:

Adam Karkowsky

Title:

President

<div align='center'>[ Signature Page to Combination Agreement ]</div>

TABLE OF CONTENTS

/s/ Dan Dijak

Name:

Dan Dijak

<div align='center'>[ Signature Page to Combination Agreement ]</div>

TABLE OF CONTENTS

/s/ Duncan McColl

Name:

Duncan McColl

<div align='center'>[ Signature Page to Combination Agreement ]</div>

TABLE OF CONTENTS

/s/ Elise Clarke

Name:

Elise Clarke

<div align='center'>[ Signature Page to Combination Agreement ]</div>

TABLE OF CONTENTS

/s/ Rod Newcomer

Name:

Rod Newcomer

<div align='center'>[ Signature Page to Combination Agreement ]</div>

TABLE OF CONTENTS

/s/ Barb Lane

Name:

Barb Lane

<div align='center'>[ Signature Page to Combination Agreement ]</div>

TABLE OF CONTENTS

#### MAIDEN HOLDINGS, LTD.
By

/s/ Patrick Haveron

Name:

Patrick Haveron

Title:

Chief Executive Officer and Chief Financial Officer

#### RANGER U.S. NEWCO LLC
By

/s/ Patrick Haveron

Name:

Patrick Haveron

Title:

Chief Executive Officer and Chief Financial Officer

### RANGER BERMUDA MERGER SUB LTD
By

/s/ Patrick Haveron

Name:

Patrick Haveron

Title:

Chief Executive Officer and Chief Financial Officer

### RANGER BERMUDA TOPCO