Paul, Weiss is advising Bermuda-based reinsurance company Maiden Holdings Ltd. in connection with its combination with Kestrel Group LLC, a privately held, Texas-based managing general agent that serves the insurance and reinsurance industries. The deal will create a new Bermuda-based balance-sheet-light, fee-revenue-focused public specialty insurer to be named the Kestrel Group. Shares of the combined company will be listed on the Nasdaq and closing is expected to occur during the first half of 2025.

The Paul, Weiss team is led by corporate partner Adam Givertz, partner-elect Stan Richards and counsel Anya Hodes, and includes partners Ian Hazlett, Megan Spelman, Timothy Cruickshank and Christian Kurtz and counsel Nathan Mitchell; tax partners Robert Holo and Scott Sontag and counsel Patrick Karsnitz; intellectual property partner Chuck Googe; litigation partners Lorin Reisner, John Carlin and Harris Fischman and counsel Audrey Paquet; executive compensation partner Rebecca Coccaro, and counsel Bruce Goldberger and Sasha Belinkie; real estate partner Peter Fisch; antitrust partner Annie Herdman and partner-elect Yuni Sobel; and environmental counsel William O’Brien.