** Shares of specialty insurance firm Kestrel Group KG.O begin trading on the Nasdaq under ticker symbol "KG" after merger completion with Bermuda-based Maiden Holdings
** Shares jump as much as 60%, last up 37.8% at $31.71
** In December, the companies had agreed to combine their business in deal that valued Kestrel at up to $167.5 million
** "The combination with Maiden positions our business to capitalize on favorable market opportunities and accelerates our growth plan to become a leading specialty program group nationwide" - Kestrel CEO Luke Ledbetter
** Maiden last year decided to make a strategic pivot away from asset management to a fee-based insurance platform with Kestrel transaction
** Kestrel offers admitted and surplus insurance offerings across in the U.S.
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。