James River Completes Closing of Adverse Development Cover and Common Equity Investment with Cavello Bay Reinsurance Limited

GlobeNewswire

2024-12-24

JRGH - Horiz_Logo_2022_Medium.jpg

PEMBROKE, Bermuda, Dec. 23, 2024 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. (“James River” or the “Company”) (NASDAQ: JRVR) today announced the close of both the adverse development reinsurance agreement and $12.5 million common equity investment with Enstar subsidiary Cavello Bay Reinsurance Limited, as per the terms and agreements previously announced on November 11, 2024.

About James River Group Holdings, Ltd.

James River Group Holdings, Ltd. is a Bermuda-based insurance holding company that owns and operates a group of specialty insurance companies. The Company operates in two specialty property-casualty insurance segments: Excess and Surplus Lines and Specialty Admitted Insurance. Each of the Company’s regulated insurance subsidiaries are rated “A-” (Excellent) by A.M. Best Company.

Visit James River Group Holdings, Ltd. on the web at www.jrvrgroup.com.

CONTACT: For more information contact:

Zachary Shytle
Senior Analyst, Investments and Investor Relations
980-249-6848
InvestorRelations@james-river-group.com

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The Company operates in two specialty property-casualty insurance segments: Excess and Surplus Lines and Specialty Admitted Insurance. Each of the Company’s regulated insurance subsidiaries are rated “A-” (Excellent) by A.M. Best Company.</p>\n<p>Visit James River Group Holdings, Ltd. on the web at www.jrvrgroup.com.</p>\n<pre>CONTACT: For more information contact:\n\nZachary Shytle\nSenior Analyst, Investments and Investor Relations\n980-249-6848\nInvestorRelations@james-river-group.com</pre>\n<br/>\n<div class=\"bt-text\">\n<p> 來源：<a href=\"https://finance.yahoo.com/news/james-river-completes-closing-adverse-210500098.html\">GlobeNewswire</a></p>\n<p>為提升您的閱讀體驗，我們對本頁面進行了排版優化</p>\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"JRVR","symbol_name":"James River Group Holdings, Ltd.","start_time":0,"source_url":"https://finance.yahoo.com/news/james-river-completes-closing-adverse-210500098.html","article_id":"2493713649","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/QMyTattB2Cvut0UszT4uFA--~B/aD0xMDM7dz0xMjk1O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/globenewswire.com/7e204cb6e6f55fb0cd36dffa5b6cc61e"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2493713649","pubTimestamp":1734987900,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"PEMBROKE, Bermuda, Dec. 23, 2024  -- James River Group Holdings, Ltd.   today announced the close of both the adverse development reinsurance agreement and $12.5 million common equity investment with Enstar subsidiary Cavello Bay Reinsurance Limited, as per the terms and agreements previously announced on November 11, 2024.James River Group Holdings, Ltd. is a Bermuda-based insurance holding company that owns and operates a group of specialty insurance companies. The Company operates in two specialty property-casualty insurance segments: Excess and Surplus Lines and Specialty Admitted Insurance. Each of the Company’s regulated insurance subsidiaries are rated “A-”  by A.M. Best Company.Visit James River Group Holdings, Ltd. on the web at www.jrvrgroup.com.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"JRVR":"James River Group Holdings, Ltd.","BK4215":"住宅房地产投资信托","BK4585":"ETF&股票定投概念","BK4107":"财产与意外伤害保险","BK4588":"碎股","EQR":"资产住宅公司"},"translate_title":"James River完成与Cavello Bay Reinsurance Limited的不利发展保险和普通股投资的交割","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EQR":1,"JRVR":1},"content_text":"PEMBROKE, Bermuda, Dec. 23, 2024 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. (“James River” or the “Company”) (NASDAQ: JRVR) today announced the close of both the adverse development reinsurance agreement and $12.5 million common equity investment with Enstar subsidiary Cavello Bay Reinsurance Limited, as per the terms and agreements previously announced on November 11, 2024.\nAbout James River Group Holdings, Ltd.\nJames River Group Holdings, Ltd. is a Bermuda-based insurance holding company that owns and operates a group of specialty insurance companies. The Company operates in two specialty property-casualty insurance segments: Excess and Surplus Lines and Specialty Admitted Insurance. Each of the Company’s regulated insurance subsidiaries are rated “A-” (Excellent) by A.M. Best Company.\nVisit James River Group Holdings, Ltd. on the web at www.jrvrgroup.com.\nCONTACT: For more information contact:\n\nZachary Shytle\nSenior Analyst, Investments and Investor Relations\n980-249-6848\nInvestorRelations@james-river-group.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":1}}}