Company: KG
Filing Date: 2025-05-30
Form Type: 8-K
Source: 0001104659-25-054992
Chunk: 3

Company: Kestrel Group Ltd
Filing Date: 2025-05-30
Form: 8-K
Item: Item 5.01
Chunk 3
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and Jeffrey Weissmann.

Biographical Information for each of the Company’s directors
is set forth below:

Bradford Luke Ledbetter, age 44, serves as President and CEO of Kestrel.
Mr. Ledbetter previously served as Chief Underwriting Officer and Head of Business Development with State National Companies through
June 2018 and continued to provide consulting services to State National until January 2022. During Mr. Ledbetter’s
engagement with State National, gross written premium grew to more than $2.5 billion annually. He has deep relationships across the
entire property and casualty value chain. Mr. Ledbetter holds law degrees from Cambridge University and the University of Texas School
of Law in addition to a B. A. from University of Texas at Austin. Prior to joining State National Companies, Mr. Ledbetter practiced
law with Baker Botts L. L. P. Luke Ledbetter is Terry Ledbetter’s son.

Terry Ledbetter, age 72, serves as Executive Chairman of Kestrel. Mr. Ledbetter
co-founded State National Companies in 1973 and served as Chairman, President and Chief Executive Officer until his retirement at the
end of 2019. Mr. Ledbetter pioneered the dedicated fronting business model in the property and casualty industry and guided State
National through its IPO in 2014 and sale to Markel Corporation in 2017. Mr. Ledbetter has deep relationships with some of the most
respected carriers, reinsurers, MGAs, wholesale brokers, regulators, ratings agencies and capital providers in the world. He received
his B. B. A. from Southern Methodist University.

Joseph Brecher, age 36, currently serves as Head of Alternative Investments
at AmTrust, where he is responsible for managing a diverse investment portfolio. Mr. Brecher has been with AmTrust since 2015 and
has previously held other senior positions at the company, including co-head of Strategic Development and M& A and Assistant Vice President
of Financial Planning and Analysis. He has been a director of Kestrel since its founding in 2022. Mr. Brecher holds an M. B. A. in
Finance and Accounting from NYU Stern School of Business.

Erik Cohen, age 46, has over 20 years of investment advisory experience.
Mr. Cohen is the Co-Founder of Outrunner Capital, an Austin, Texas based investment firm, offering a multi-family office that provides
investment management, strategic advice and family