Articles from James River Group Holdings, Ltd.

PEMBROKE, Bermuda, Dec. 23, 2024 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. (“James River” or the “Company”) (NASDAQJRVR) 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.

PEMBROKE, Bermuda, Nov. 11, 2024 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. ("James River" or the "Company") (NASDAQJRVR) today reported the following results for the third quarter 2024 as compared to the same period in 20231:

PEMBROKE, Bermuda, Oct. 18, 2024 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. (NASDAQJRVR) will release third quarter 2024 earnings after the market closes on Monday, November 11, 2024. It will also host an earnings conference call on Tuesday, November 12, 2024 beginning at 8:30 a.m. (Eastern Time).

PEMBROKE, Bermuda, Aug. 05, 2024 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. ("James River" or the "Company") (NASDAQJRVR) today reported the following results for the second quarter 2024 as compared to the same period in 2023:

PEMBROKE, Bermuda, July 24, 2024 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. (NASDAQJRVR) will release second quarter 2024 earnings after the market closes on Monday, August 5, 2024. It will also host an earnings conference call on Tuesday, August 6, 2024 beginning at 8:30 a.m. (Eastern Time).

PEMBROKE, Bermuda, July 09, 2024 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. (“James River” or the “Company”) (NASDAQJRVR) today announced that Christine LaSala has been appointed to its Board of Directors (the “Board”) as an independent, non-executive member, effective immediately. With the appointment of Ms. LaSala, the Board has increased its size from seven to eight directors. Ms. LaSala was appointed to the Compensation and Human Capital Committee and the Nominating and Corporate Governance Committee.

PEMBROKE, Bermuda, July 09, 2024 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. (“James River” or the “Company”) (NASDAQJRVR) today announced that two of its principal operating subsidiaries entered into a combined loss portfolio transfer and adverse development cover reinsurance agreement with State National Insurance Company, Inc. (“State National”).

PEMBROKE, Bermuda, May 08, 2024 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. ("James River" or the "Company") (NASDAQJRVR) today reported the following results for the first quarter 2024 as compared to the same period in 2023:

PEMBROKE, Bermuda, April 29, 2024 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. (NASDAQJRVR) will release first quarter 2024 earnings after the market closes on Wednesday, May 8, 2024. It will also host an earnings conference call on Thursday, May 9, 2024 beginning at 8:30 a.m. (Eastern Time).

PEMBROKE, Bermuda, April 16, 2024 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. (“James River” or the “Company”) (NASDAQJRVR) today announced that Fleming Intermediate Holdings (“Fleming”) has completed its acquisition of JRG Reinsurance Company, Ltd. (“JRG Re”) at the previously agreed upon terms.

Court Requires Fleming to Complete the Transaction Within 10 days

Complaint Requests the Court to Grant Specific Performance, Requiring Fleming to Abide by Contractual Obligation to Complete Transaction

PEMBROKE, Bermuda, Feb. 28, 2024 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. ("James River" or the "Company") (NASDAQJRVR) today reported the following results for the fourth quarter 2023 as compared to the same period in 2022:

PEMBROKE, Bermuda, Feb. 12, 2024 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. (NASDAQJRVR) will release fourth quarter 2023 earnings after the market closes on Wednesday, February 28, 2024. It will also host an earnings conference call on Thursday, February 29, 2024 beginning at 8:30 a.m. (Eastern Time).

PEMBROKE, Bermuda, Dec. 05, 2023 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. (“James River” or the “Company”) (NASDAQJRVR) today announced that William “Bill” Bowman has been named President and Chief Executive Officer, Specialty Admitted Insurance. Mr. Bowman joined the Company in 2019 as Senior Vice President, Program Management, and has led the program and fronting business within the Specialty Admitted Insurance segment over that period. Mr. Bowman will report to Frank D’Orazio, Chief Executive Officer of the Company.

PEMBROKE, Bermuda, Nov. 10, 2023 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. (“James River” or the “Company”) (NASDAQJRVR) today announced that its board of directors has initiated an exploration of strategic alternatives. As part of this process, the board will consider a wide range of options for the Company including, among other things, a potential sale, merger or other strategic transaction.

Accelerates Strategy to Pure Play E&S and Fronting OperationsFull Exit from Reinsurance Business

PEMBROKE, Bermuda, Nov. 07, 2023 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. ("James River" or the "Company") (NASDAQJRVR) today reported third quarter 2023 net income available to common shareholders of $16.9 million ($0.45 per diluted share), compared to net loss available to common shareholders of $7.2 million ($0.19 per diluted share) for the third quarter of 2022. Adjusted net operating income1 for the third quarter of 2023 was $18.3 million ($0.48 per diluted share), compared to adjusted net operating income1 of $15.5 million ($0.41 per diluted share) for the third quarter of 2022.

PEMBROKE, Bermuda, Oct. 18, 2023 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. (NASDAQJRVR) will release third quarter 2023 earnings after the market closes on Tuesday, November 7, 2023. It will also host an earnings conference call on Wednesday, November 8, 2023 beginning at 8:30 a.m. (Eastern Time).

PEMBROKE, Bermuda, Sept. 25, 2023 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. (“James River” or the “Company”) (NASDAQJRVR) today announced that certain of its subsidiaries have entered into an agreement to sell the renewal rights to their Individual Risk Workers’ Compensation (“IRWC”) business to Amynta Group (“Amynta”). The transaction includes the full operations of the business, including underwriting, loss control and claims, and transfer of the employees supporting the business. The IRWC business produced $53 million of gross written premiums in 2022. It will operate under Amynta Work Comp Solutions.

PEMBROKE, Bermuda, Aug. 07, 2023 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. ("James River" or the "Company") (NASDAQJRVR) today reported second quarter 2023 net income available to common shareholders of $21.1 million ($0.54 per diluted share), compared to net income available to common shareholders of $5.0 million ($0.13 per diluted share) for the second quarter of 2022. Adjusted net operating income1 for the second quarter of 2023 was $20.6 million ($0.53 per diluted share), compared to adjusted net operating income1 of $20.0 million ($0.52 per diluted share) for the second quarter of 2022.

PEMBROKE, Bermuda, July 17, 2023 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. (NASDAQJRVR) will release second quarter 2023 earnings after the market closes on Monday, August 7, 2023. It will also host an earnings conference call on Tuesday, August 8, 2023 beginning at 8:30 a.m. (Eastern Time).

PEMBROKE, Bermuda, June 08, 2023 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. (“James River” or the “Company”) (NASDAQJRVR) today announced that Non-Executive Chairman, founder and former Chief Executive Officer J. Adam Abram will not stand for re-election at the Company’s 2023 Annual Meeting, and that the Board has appointed Lead Independent Director Ollie L. Sherman, Jr. as its next Non-Executive Chairman, effective upon conclusion of Mr. Abram’s term as director, and contingent upon Mr. Sherman’s re-election as a director at the Annual Meeting.

PEMBROKE, Bermuda, May 02, 2023 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. ("James River" or the "Company") (NASDAQJRVR) today reported first quarter 2023 net income available to common shareholders of $7.0 million ($0.18 per diluted share), compared to net income available to common shareholders of $9.3 million ($0.25 per diluted share) for the first quarter of 2022. Adjusted net operating income1 for the first quarter of 2023 was $21.6 million ($0.56 per diluted share), compared to adjusted net operating income1 of $13.9 million ($0.37 per diluted share) for the first quarter of 2022.

PEMBROKE, Bermuda, April 24, 2023 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. (the “Company”) (NASDAQJRVR) today announced it will release its earnings for the quarter ended March 31, 2023 after the market closes on Tuesday, May 2, 2023. The Company will also host a conference call to discuss its results with analysts and investors on Wednesday, May 3, 2023 beginning at 9:00 a.m. (Eastern Time).

PEMBROKE, Bermuda, April 06, 2023 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. (“James River” or the “Company”) (NASDAQJRVR) today announced that Dennis J. Langwell has been appointed to the Company’s Board of Directors (the “Board”) as an independent, non-executive member, effective immediately. With the appointment of Mr. Langwell, the Board increased its size from 9 to 10 directors. Mr. Langwell was appointed to the Audit Committee of the Board.

PEMBROKE, Bermuda, April 03, 2023 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. (“James River” or the “Company”) (NASDAQJRVR) today announced that Todd Sutherland has joined the Company as Senior Vice President of Underwriting, Management Liability. In a newly created role, Mr. Sutherland will be responsible for establishing the Management Liability Division within the Excess and Surplus Lines segment, concentrating initially on excess directors and officers liability. Mr. Sutherland will report to Richard Schmitzer, Excess and Surplus Lines Segment President and CEO.

PEMBROKE, Bermuda, Feb. 27, 2023 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. ("James River" or the "Company") (NASDAQJRVR) today reported fourth quarter 2022 net income available to common shareholders of $15.1 million ($0.40 per diluted share), compared to a net loss available to common shareholders of $66.3 million ($1.78 per diluted share) for the fourth quarter of 2021. Adjusted net operating income1 for the fourth quarter of 2022 was $20.2 million ($0.53 per diluted share), compared to an adjusted net operating loss1 of $67.5 million ($1.81 per diluted share) for the fourth quarter of 2021.

PEMBROKE, Bermuda, Feb. 01, 2023 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. (the “Company”) (NASDAQJRVR) today announced it will release its earnings for the quarter ended December 31, 2022 after the market closes on Monday, February 27, 2023. The Company will also host a conference call to discuss its results with analysts and investors on Tuesday, February 28, 2023 beginning at 8:30 a.m. (Eastern Time).

PEMBROKE, Bermuda, Nov. 01, 2022 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. ("James River" or the "Company") (NASDAQJRVR) today reported a third quarter 2022 net loss available to common shareholders of $7.2 million ($0.19 per diluted share), compared to a net loss available to common shareholders of $23.9 million ($0.64 per diluted share) for the third quarter of 2021. Adjusted net operating income1 for the third quarter of 2022 was $15.5 million ($0.41 per diluted share), compared to an adjusted net operating loss1 of $26.8 million ($0.72 per diluted share) for the third quarter of 2021.

PEMBROKE, Bermuda, Oct. 25, 2022 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. (the “Company”) (NASDAQJRVR) today announced that Peter B. Migliorato was elected to its Board of Directors (the “Board”) at the Annual General Meeting of Shareholders held today. In addition, Ollie Sherman, Kirstin Gould, and Michael Oakes were each re-elected to the Board. With the election of Mr. Migliorato and re-election of Mr. Sherman, Ms. Gould and Mr. Oakes, the Board currently consists of eight directors and has one observer.

PEMBROKE, Bermuda, Oct. 10, 2022 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. (the “Company”) (NASDAQJRVR) today announced it will release its earnings for the quarter ended September 30, 2022 after the market closes on Tuesday, November 1, 2022. The Company will also host a conference call to discuss its results with analysts and investors on Wednesday, November 2, 2022 beginning at 8:00 a.m. (Eastern Time).