Amendment to Schedule 13D Filing for Kestrel Group Ltd

This filing is an amendment to a Schedule 13D, originally filed on June 3, 2025, concerning the common shares of Kestrel Group Ltd (formerly Ranger Bermuda Topco Ltd). The amendment is being filed separately by Bradford Luke Ledbetter, Bradford Luke Ledbetter 2006 Grantor Trust No. 2, and Shari Ann Ledbetter Irrevocable 2019 Trust. These entities have received a pro-rata distribution of Kestrel Group Ltd common shares from Kestrel Intermediate Ledbetter Holdings LLC, which will no longer be a reporting person. Bradford Luke Ledbetter is the CEO of Kestrel Group Ltd and a trustee for the two trusts. He has directly acquired additional restricted shares and had some withheld for tax purposes. The filing details changes in beneficial ownership percentages and shareholdings resulting from these transactions.