Kestrel Group Ltd. Appoints New Independent Registered Public Accounting Firm

Kestrel Group Ltd. announced on April 1, 2026, the dismissal of Ernst & Young LLP (EY) as its independent registered public accounting firm, effective immediately. The decision was approved by the Audit Committee of the Board of Directors. EY's report on the Company's consolidated financial statements for the fiscal year ended December 31, 2025, did not contain any adverse opinions or disclaimers, nor was it qualified or modified. There were no disagreements or reportable events between the Company and EY during the relevant periods. Concurrently, on April 1, 2026, the Audit Committee approved the engagement of Grant Thornton LLP as the Company's new independent registered public accounting firm for the fiscal year ending December 31, 2026. The Company confirmed that it had not consulted with Grant Thornton on any accounting principles, financial statement disclosures, or auditing procedures prior to their engagement.