Company: KG
Filing Date: 2025-03-26
Form Type: 424B3
Source: 0001104659-25-028251
Chunk: 488

Company: Kestrel Group Ltd
Filing Date: 2025-03-26
Form: 424B3
Chunk 488
---
 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 LTD
By

/s/ Patrick Haveron

Name:

Patrick Haveron

Title:

Chief Executive Officer and Chief Financial Officer

#### RANGER MERGER SUB 2 LLC
By

/s/ Patrick Haveron

Name:

Patrick Haveron

Title:

Chief Executive Officer and Chief Financial Officer

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

TABLE OF CONTENTS

#### EXECUTION VERSION​
February 17, 2025

Maiden Holdings, Ltd. 
 Clarendon House, 2 Church Street, 
 Hamilton HM 11 Bermuda

Attention:

Patrick Haveron 
 Lawrence Metz

Email:

phaveron@maiden.bm 
 lmetz@maiden.bm

Paul, Weiss, Rifkind, Wharton & Garrison LLP 
 1285 Avenue of