AM Best Affirms Credit Ratings of James River Group Holdings, Ltd. and Its Subsidiaries
AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” (Excellent) and the rated operating subsidiaries of James River Group Holdings, Ltd. (JRG Holdings) (Bermuda) [NASDAQ: JRVR]. In addition, AM Best has affirmed the Long-Term ICR of “bbb-” (Good) of JRG Holdings. The outlook of these Credit Ratings (ratings) is negative. (See below for a detailed listing of the subsidiaries.)
James River Completes Closing of Adverse Development Cover and Common Equity Investment with Cavello Bay Reinsurance LimitedPEMBROKE, 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.
James River Announces Third Quarter 2024 Results, Strategic ActionsPEMBROKE, 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:
James River To Hold Its Third Quarter Earnings Conference Call on Tuesday, November 12, 2024PEMBROKE, 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).
James River Announces Second Quarter 2024 ResultsPEMBROKE, 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:
James River To Hold Its Second Quarter Earnings Conference Call on Tuesday, August 6, 2024PEMBROKE, 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).
AM Best Comments on Credit Ratings of James River Group Holdings, Ltd. and Its Subsidiaries Following Legacy Reinsurance Agreement with State National Insurance Company, Inc.
AM Best has commented that the Credit Ratings (ratings) of James River Group Holdings, Ltd. (JRG Holdings) [NASDAQ: JRVR] (Bermuda) and its subsidiaries remain unchanged following the announcement that its two principal operating subsidiaries have entered into a combined loss portfolio transfer and adverse development cover reinsurance agreement with State National Insurance Company, Inc. (State National). The reinsurance agreement was executed on July 2, 2024, and is effective Jan. 1, 2024.
James River Announces Director AppointmentPEMBROKE, 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.
James River Announces Legacy Reinsurance Agreement with State National Insurance CompanyPEMBROKE, 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”).
James River Announces First Quarter 2024 ResultsPEMBROKE, 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:
James River To Hold Its First Quarter Earnings Conference Call on Thursday, May 9, 2024PEMBROKE, 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).
James River Completes Sale of Casualty Reinsurance Business to Fleming HoldingsPEMBROKE, 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.
AM Best Comments on Credit Ratings of James River Group Holdings, Ltd. and Its Subsidiaries Following Filed Complaint With NY State Supreme Court
AM Best has commented that the Credit Rating (ratings) of James River Group Holdings, Ltd. (JRG Holdings) [NASDAQ: JRVR] (Bermuda) and its subsidiaries remain unchanged at this time following the announcement that JRG Holdings has filed a complaint in the Supreme Court, New York County, Commercial Division against Fleming Intermediate Holdings LLC (Fleming), a portfolio company of private equity sponsor, Altamont Capital Partners. The action seeks specific performance of Fleming’s obligation to complete the acquisition of JRG Reinsurance Company Ltd. (JRG Re) in accordance with the Stock Purchase Agreement executed between the parties as of Nov. 8, 2023. JRG Holdings will seek expedited relief from the Court to require Fleming to close the transaction.
James River Commences Litigation Against Fleming Intermediate Holdings to Enforce Stock Purchase AgreementComplaint Requests the Court to Grant Specific Performance, Requiring Fleming to Abide by Contractual Obligation to Complete Transaction
James River Announces Fourth Quarter 2023 ResultsPEMBROKE, 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:
James River To Hold Its Fourth Quarter Earnings Conference Call on Thursday, February 29, 2024PEMBROKE, 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).
JRVR DEADLINE TOMORROW: ROSEN, A LEADING LAW FIRM, Encourages James River Group Holdings, Ltd. Investors With Losses in Excess of $100K to Secure Counsel Before Important January 12 Deadline in Securities Class Action – JRVR
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of James River Group Holdings, Ltd. (
NASDAQJRVR) between August 7, 2023 and November 7, 2023, both dates inclusive (the “Class Period”), of the important January 12, 2024 lead plaintiff deadline.
JAMES RIVER DEADLINE ALERT: Bragar Eagel & Squire, P.C. Reminds Investors that a Class Action Lawsuit Has Been Filed Against James River Group Holdings, Ltd. and Encourages Investors to Contact the FirmNEW YORK, Jan. 10, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, reminds investors that a class action lawsuit has been filed against James River Group Holdings, Ltd. (“James River” or the “Company”) (
NASDAQJRVR) in the United States District Court for the Southern District of New York on behalf of all persons and entities who purchased or otherwise acquired James River securities between August 7, 2023 and November 7, 2023, both dates inclusive (the “Class Period”). Investors have until January 12, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
JAMES RIVER SHAREHOLDER NOTICE: Faruqi & Faruqi Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In James River To Contact Him Directly To Discuss Their OptionsIf you suffered losses exceeding $50,000 investing in James River securities between August 7, 2023 and November 7, 2023 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for additional information: www.faruqilaw.com/JRVR.
