Kestrel Group LTD 8-K Filing
Ticker: KG · Form: 8-K · Filed: Nov 26, 2025 · CIK: 2055116
Sentiment: neutral
Filing Stats: 789 words · 3 min read · ~3 pages · Grade level 12 · Accepted 2025-11-26 17:03:33
Key Financial Figures
- $0.01 — ch Registered Common Shares, par value $0.01 per share KG NASDAQ Capital Market 1
- $25.0 m — with aggregate limits of approximately $25.0 million, and (ii) adverse development cov
- $25.5 million — DC") with remaining aggregate limits of $25.5 million. GLS is asserting that the cedant has
- $10.8 million — GLS has previously paid net losses of $10.8 million related to the RPP coverage. GLS has no
- $4.0 million — tember 30, 2025, GLS has liabilities of $4.0 million subject to the RPP coverage and $7.5 mi
- $7.5 million — million subject to the RPP coverage and $7.5 million in reserves for the ADC coverage. GLS r
- $9.7 million — overage. GLS received premiums totaling $9.7 million and $9.8 million for the RPP and ADC co
- $9.8 million — ived premiums totaling $9.7 million and $9.8 million for the RPP and ADC coverages, respecti
- $10.0 million — ul, it may be entitled to recover up to $10.0 million in losses previously paid and may be re
Filing Documents
- kg-20251126.htm (8-K) — 31KB
- 0001628280-25-054184.txt ( ) — 144KB
- kg-20251126.xsd (EX-101.SCH) — 2KB
- kg-20251126_lab.xml (EX-101.LAB) — 21KB
- kg-20251126_pre.xml (EX-101.PRE) — 12KB
- kg-20251126_htm.xml (XML) — 3KB
01 Other Events
Item 8.01 Other Events. On November 26, 2025, the Company reported that a subsidiary of Genesis Legacy Solutions, Inc. ("GLS"), pursuant to the terms of the reinsurance contract, demanded and is currently engaged in an arbitration with one of its ceding companies. Under the subject reinsurance agreement, GLS provides the ceding company in question with (i) reinsurance premium protection ("RPP") coverage with aggregate limits of approximately $25.0 million, and (ii) adverse development coverage ("ADC") with remaining aggregate limits of $25.5 million. GLS is asserting that the cedant has committed multiple breaches of the reinsurance agreement, along with other material misrepresentations. Based on these assertions, GLS is seeking full rescission of the reinsurance agreement and related relief, including the ability to recoup losses previously paid, and has denied payment of certain invoices for contractual performance pending the outcome of this arbitration. GLS has previously paid net losses of $10.8 million related to the RPP coverage. GLS has not paid any losses subject to the ADC coverage of the reinsurance agreement in question. As of September 30, 2025, GLS has liabilities of $4.0 million subject to the RPP coverage and $7.5 million in reserves for the ADC coverage. GLS received premiums totaling $9.7 million and $9.8 million for the RPP and ADC coverages, respectively. GLS is vigorously pursuing its claims for rescission and recovery of amounts previously paid. The matter is currently proceeding in arbitration, and an arbitration hearing has now been completed with a decision likely in the first quarter of 2026. The cedant disputes GLS assertions, denying that it breached the agreement, and seeks to continue the contract in full force. The outcome of the arbitration is inherently uncertain. If GLS is successful, it may be entitled to recover up to $10.0 million in losses previously paid and may be relieved of its remaining obligations under the reinsura
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: November 26, 2025 Kestrel Group Ltd By: /s/ Bradford Luke Ledbetter Name: Bradford Luke Ledbetter Title: Chief Executive Officer 3