Kestrel Group Ltd 8-K

What Happened Kestrel Group Ltd (KG) filed a Form 8-K (Apr 6, 2026) reporting that, effective April 1, 2026, its Audit Committee dismissed Ernst & Young LLP (EY) as the company’s independent registered public accounting firm and engaged Grant Thornton LLP to serve as the company’s independent auditor for the fiscal year ending December 31, 2026. The EY report on KG’s consolidated financial statements for the year ended December 31, 2025, was unmodified and contained no adverse opinion or disclaimer.

Key Details

• Dismissal and engagement effective: April 1, 2026. Form 8-K filed April 6, 2026.
• EY’s FY2025 report: no adverse or qualified opinion; no modifications for uncertainty, scope, or accounting principles.
• No disagreements or reportable events between KG and EY for FY2025 or the interim period before dismissal (per Regulation S-K Item 304 definitions).
• Grant Thornton disclosed it was not consulted by KG during FY2025 or the interim period on accounting or auditing matters before its engagement.

Why It Matters A change of independent auditor is material because auditors review and attest to a company’s financial statements. KG’s disclosure that EY’s prior report was unmodified and that there were no disagreements or reportable events reduces immediate red flags for investors. Engaging Grant Thornton introduces a new auditor relationship for FY2026; investors should watch for any changes in audit scope, disclosures, or audit fees in future filings and in KG’s upcoming annual and quarterly reports.