Company: KG
Filing Date: 2025-03-26
Form Type: 424B3
Source: 0001104659-25-028251
Chunk: 320

Company: Kestrel Group Ltd
Filing Date: 2025-03-26
Form: 424B3
Chunk 320
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 set forth in the preamble.

“ Company Audited Financial Statements ” has the meaning set forth in Section 5.05(a) .

“ Company Insurance Approvals ” has the meaning set forth in Section 5.04 .

“ Company Insurance Subsidiary ” means a Subsidiary of the Company that conducts the business of insurance or reinsurance.

“ Company Interim Financial Statements ” has the meaning set forth in Section 5.05(b) .

“ Company Lease ” has the meaning set forth in Section 5.13(b) .

“ Company Leased Real Property ” has the meaning set forth in Section 5.13(b) .

“ Company LLCA ” means that certain Amended and Restated Limited Liability Company Agreement, dated as of July 26, 2022, and without further amendment, by and among the Company and the Company Equityholders.

“ Company Material Adverse Effect ” means any effect, change, circumstance or event that, individually or in the aggregate with all other effects, changes, circumstances or events, has, or would reasonably be

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expected to have, a material adverse effect on the properties, business, results of operations, assets, licenses, liabilities or condition (financial or otherwise) of the Company and its Subsidiaries taken as a whole; provided that, in no event shall any of the following, or any effect, change, circumstance or event arising out of, or resulting from, the following, constitute or be taken into account, individually or in the aggregate, in determining whether a Company Material Adverse Effect has occurred or would reasonably be expected to occur (subject to the limitation set forth below): (a) effects, changes or events generally affecting the insurance fronting industry in the geographic regions or product markets in which the Company and its Subsidiaries operate, (b) general economic or regulatory, legislative or political conditions or securities, credit, financial or other capital markets conditions in any jurisdiction, (c) any failure, in and of itself, by the Company to meet any internal or published projections, forecasts, estimates or predictions in respect of revenues, earnings or other financial or operating metrics for any period, (d) geopolitical conditions, the outbreak or escalation of hostilities, any acts of war (whether or not declared), sabotage, terrorism (including cyber-terrorism), man-made disaster, epidemics, pandemics or disease outbreaks or any escalation or worsening of any of the foregoing, (e)