Maiden Holdings, Ltd. and Kestrel Group are set to merge into a new publicly listed specialty insurance entity, with the deal expected to close in early 2025. The merged company, valued at up to $167.5 million, will leverage Kestrel’s fee-based revenue model and aims for Nasdaq listing, with leadership including Luke Ledbetter as CEO. The transaction is pending shareholder and regulatory approvals. Source and details of the news
