Company: KG
Filing Date: 2025-06-24
Form Type: 8-K
Source: 0002055116-25-000007
Chunk: 1

Company: Kestrel Group Ltd
Filing Date: 2025-06-24
Form: 8-K
Item: Item 4.01
Chunk 1
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 Maiden’s financial statements for each of the fiscal years ended December 31, 2024 and December 31, 2023 and review the subsequent interim period through March 31, 2025.

During the fiscal years ended December 31, 2024 and 2023 and through June 18, 2025, neither Kestrel, nor anyone on its behalf, have consulted E& Y with respect to (i) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company’s consolidated financial statements, and neither a written report was provided to the Company nor oral advice was provided to the Company that E& Y concluded was an important factor considered by the Company in reaching a decision as to the accounting, auditing or financial reporting issue; or (ii) any matter that was either the subject of a disagreement (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) or a reportable event (as described in Item 304(a)(1)(v) of Regulation S-K).

  Item 8.01      Other Events.  

On June 17, 2025, the Supreme Court of the State of New York, County of New York, considered and granted Maiden’s motion to dismiss the complaint filed in the case captioned WUSO Holding Corporation et alv. Maiden Holdings North America, Ltd. et al, Index No. 659861/2024. Plaintiffs may pursue an appeal of this decision and also stated that they would take steps to comply with the no-action clause requesting the indenture trustee to commence a related action. To the extent that Plaintiffs do appeal this decision, or the Indenture Trustee commences an action, Maiden will oppose any such action.

(“ Maiden” refers to Maiden Holdings North America, Ltd. and Maiden Holdings, Ltd., both of which are now wholly owned subsidiaries of Kestrel Group Ltd.)

Item 9.01 Financial Statements and Exhibits.