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10-Q primary document
KG · Quarterly Report (Form 10-Q) · Filed August 15, 2025

Kestrel Group Ltd — 10-Q exhibit

q22025ex211subsidiariesofr.htm
Kestrel Group Ltd on Boardroom Alpha
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Exhibit 21.1
 
SUBSIDIARIES OF THE REGISTRANT
 
Subsidiary NoteJurisdiction
Kestrel Group Ltd(1)
Kestrel Holdings Worldwide LLCDelaware
Kestrel Group LLCDelaware
Kestrel Insurance Agency, LLC(2)Texas
Kestrel Service Corporation(2)Texas
Maiden Holdings, Ltd.Bermuda
Maiden Holdings North America, Ltd. Delaware
Maiden Global Servicing Company, LLC (3)Delaware
     Maiden Reinsurance Ltd. (4)Vermont
       Genesis Legacy Solutions, LLC ("GLS")(5)Delaware
   GLS Services Company ("GLS Services")(6)Delaware
         Genesis Legacy Insurance Company (Vermont) Limited(7)Vermont
         AMS – Genesis Incorporated Cell Company(8)Vermont
CPA Insurance Inc.(9)Vermont
NEKO 2018 A, LLC(10)Texas
NEKO 2018 D, LLC(10)Texas
NEKO 2018 E, LLC(10)Texas
94 Pembroke GP Corp.(10)British Columbia
94 Pembroke LP Corp.(10)British Columbia
Maiden Life Försäkrings AB Sweden
Maiden General Försäkrings ABSweden
Regulatory Capital LimitedIreland
Maiden Global Holdings Ltd. England & Wales

(1)All subsidiaries are 100% wholly owned by Kestrel Group Ltd unless otherwise noted.
(2)100% wholly owned subsidiary of Kestrel Group LLC.
(3)100% wholly owned subsidiary of Maiden Holdings North America, Ltd.
(4)Effective March 16, 2020, Maiden Reinsurance Ltd. is domiciled in Vermont, United States and became 100% wholly owned subsidiary of Maiden Holdings North America, Ltd.
(5)GLS was acquired by Maiden Reinsurance Ltd. on November 24, 2020.
(6)100% wholly owned subsidiary of GLS.
(7)100% wholly owned subsidiary of GLS Services incorporated on July 19, 2021.
(8)100% wholly owned subsidiary of GLS Services incorporated on December 29, 2021.
(9)100% wholly owned subsidiary of GLS acquired on December 30, 2022.
(10)100% wholly owned subsidiary of Maiden Reinsurance Ltd.




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