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Business Combination (Tables)
 6 Months Ended
Jun. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Summary of Purchase Price The following table summarizes the final purchase price as of May 27, 2025:
Kestrel Group Ltd shares issued at Closing7,221,621 
Kestrel Group Ltd share price$23.00 
Gross equity portion of consideration transferred at Closing$166,097 
Kestrel Group Ltd shares retained as treasury shares by Maiden Reinsurance at Closing(2,237,533)
Kestrel Group Ltd share price$23.00 
Equity portion of consideration transferred to Maiden Reinsurance$(51,463)
Net equity portion of consideration transferred at Closing$114,634 
Cash consideration paid to shareholders at Closing for fractional shares1 
Portion of the Maiden awards attributable to pre-combination service514 
 Intercompany settlement 388 
Total consideration effectively transferred$115,537 
Summary of Purchase Price of Assets and Liabilities Assumed
The following table summarizes allocation of the estimate of the purchase price to the assets acquired and liabilities assumed as of May 27, 2025:
Fixed maturities, available-for-sale, at fair value$208,855 
Equity securities, at fair value11,144 
Equity method investments32,326 
  Other investments
160,439 
  Cash and cash equivalents68,358 
  Restricted cash and cash equivalents11,449 
  Accrued investment income4,108 
Reinsurance balances receivable, net
10,133 
Reinsurance recoverable on unpaid losses
517,028 
  Net loan receivable from related party107,110 
Intangible assets11,864 
Funds withheld receivable
11,048 
  Other assets19,876 
Assets held for sale20,698 
Reserve for loss and loss adjustment expenses(738,137)
Unearned premiums (23,903)
Accrued expenses and other liabilities(68,453)
   Senior notes - at fair value(173,669)
Liabilities held for sale(1,147)
Net assets189,127 
Bargain purchase gain(73,590)
Total consideration effectively transferred$115,537 
Summary of Intangible Assets Acquired The following table presents the components of intangible assets acquired as at May 27, 2025:
 
May 27, 2025
Value of Business Acquired$2,207 
Fair value discount on acquired net reserves for losses and LAE9,657 
Total Intangible Assets at acquisition$11,864