Company: KG
Filing Date: 2025-08-15
Form Type: 8-K/A
Source: 0001104659-25-078918
Chunk: 1

Company: Kestrel Group Ltd
Filing Date: 2025-08-15
Form: 8-K/A
Chunk 1
---
 the registrant has elected not to use the extended transition period for complying with any
new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

<div align='center'>Explanatory Note</div>

This Current Report on Form 8-K/A (this “Amendment”)
is being filed by Kestrel Group Ltd, a Bermuda corporation (the “Company”), to amend the Current Report on Form 8-K (the “Prior
8-K”) filed with the Securities and Exchange Commission on May 30, 2025, in connection with the consummation on May 27, 2025 of
the series of mergers contemplated by the combination agreement, dated December 29, 2024, by and between Maiden Holdings, Ltd., Kestrel
Group LLC, a Delaware limited liability company (“Kestrel”), the equity holders of Kestrel, Ranger Bermuda Topco Ltd, a Bermuda
exempted company limited by shares, and the other parties thereto.

The Company is filing this Amendment solely to
provide (i) the unaudited condensed consolidated financial statements as of and for the three-month period ended March 31, 2025 and 2024,
referred to in Item 9.01(a) below (ii) the historical audited restated consolidated financial statements of Kestrel for the years ended
December 31, 2024 and 2023, referred to in Item 9.01(a) below and (iii) and the unaudited pro forma condensed consolidated combined financial
statements as of and for the three-month period ended March 31, 2025 and for the year ended December 31, 2024 and the unaudited pro forma
condensed consolidated combined financial statements as of and for the year ended December 31, 2024 (As Revised), referred to in Item
9.01(b) below.

Item 2.01. Completion of Acquisition or Disposition
of Assets.

This Amendment amends the Prior 8-K to include
Item 9.01(a) Financial Statements of Business Acquired and Item 9.01(b) Pro Forma Financial Information, which were not previously filed
with the Prior 8-K and are permitted to be filed by amendment no later than 71 days after the date on which the Prior 8-K was required
to be filed.

The above description does not purport to be complete
and is qualified