James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance and reinsurance services in the United States. It operates through Excess and Surplus Lines, Specialty Admitted Insurance, and Casualty Reinsurance segments. The Excess and Surplus Lines segment underwrites liability and property insurance on an excess and surplus commercial lines basis in all states and the District of Columbia. This segment distributes its insurance policies primarily through wholesale insurance brokers. The Specialty Admitted Insurance segment provides workers' compensation coverage for building trades, healthcare employees, goods and services, light manufacturing, specialty transportation, and agriculture, as well as fronting and program business. The Casualty Reinsurance segment offers proportional and working layer casualty reinsurance to third parties and other insurance companies. James River Group Holdings, Ltd. was founded in 2002 and is headquartered in Pembroke, Bermuda.
IPO Year: 2014
Exchange: NASDAQ
Website: jrgh.net
Date | Price Target | Rating | Analyst |
---|---|---|---|
3/22/2024 | $12.00 | Neutral → Buy | Compass Point |
11/9/2023 | $32.00 → $15.00 | Buy → Hold | Truist |
11/9/2023 | $22.00 → $14.00 | Outperform → Mkt Perform | Keefe Bruyette |
11/9/2023 | $15.00 → $12.00 | Equal Weight → Underweight | Barclays |
11/2/2022 | Buy → Neutral | Compass Point | |
3/4/2022 | $42.00 → $31.00 | Buy | B. Riley Securities |
3/1/2022 | $45.00 → $36.00 | Market Outperform | JMP Securities |
1/6/2022 | $32.00 → $29.00 | Equal-Weight | Barclays |
11/12/2021 | $39.00 → $35.00 | Market Perform → Outperform | Keefe, Bruyette & Woods |
10-Q - James River Group Holdings, Ltd. (0001620459) (Filer)
8-K - James River Group Holdings, Ltd. (0001620459) (Filer)
8-K - James River Group Holdings, Ltd. (0001620459) (Filer)
8-K - James River Group Holdings, Ltd. (0001620459) (Filer)
10-Q - James River Group Holdings, Ltd. (0001620459) (Filer)
8-K - James River Group Holdings, Ltd. (0001620459) (Filer)
10-K/A - James River Group Holdings, Ltd. (0001620459) (Filer)
8-K - James River Group Holdings, Ltd. (0001620459) (Filer)
8-K - James River Group Holdings, Ltd. (0001620459) (Filer)
8-K - James River Group Holdings, Ltd. (0001620459) (Filer)
PEMBROKE, Bermuda, July 09, 2024 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. ("James River" or the "Company") (NASDAQ:JRVR) 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. "I am thrilled to welcome Christine to our Board," said Frank D'Orazio, the Company's Chief Executive Officer. "She has deep knowledge of the specialty property and casualty i
NEW YORK, Dec. 1, 2023 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, December 18, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from t
LOS ANGELES, Nov. 28, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises James River Group Holdings, Ltd. ("James River" or the "Company") (NASDAQ:JRVR) investors that a lawsuit filed on behalf of investors that purchased James River August 7, 2023 and November 7, 2023, both dates inclusive (the "Class Period"). Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing claims to recover their losses. The filed complaint contends that
LOS ANGELES, Nov. 16, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises James River Group Holdings, Ltd. ("James River" or the "Company") (NASDAQ:JRVR) investors that a lawsuit filed on behalf of investors that purchased James River August 7, 2023 and November 7, 2023, both dates inclusive (the "Class Period"). Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing claims to recover their losses. The filed complaint contends that
PEMBROKE, Bermuda, June 08, 2023 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. ("James River" or the "Company") (NASDAQ:JRVR) 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. "Serving James River as CEO and Chairman has been an honor," said Mr. Abram. "I am very proud of all the Company has achieved, and exc
PEMBROKE, Bermuda, April 06, 2023 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. ("James River" or the "Company") (NASDAQ:JRVR) 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. "We are very pleased to welcome Dennis to our Board," said Frank D'Orazio, the Company's Chief Executive Officer. "Dennis brings extensive insurance expertise and leadership acumen to the Board, having held several executive position
PEMBROKE, Bermuda, Nov. 15, 2021 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. ("James River" or the "Company") (NASDAQ:JRVR) today announced that Mike Hoffmann has joined the Company as Group Chief Underwriting Officer. In a newly created role, Mr. Hoffmann will lead a team with responsibility for underwriting, enterprise risk and ceded reinsurance strategy across the Group. Mike joins James River most recently from Everest where he was Head of Risk and Ceded Re. Prior to then, he spent 15 years with Allied World Assurance, where he most recently served as Global Insurance Chief Underwriting Officer. Prior to Allied World, Mike spent 14 years with Chubb in a variety of roles in
PEMBROKE, Bermuda, Oct. 26, 2021 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. ("James River" or the "Company") (NASDAQ:JRVR) today announced that Patricia H. Roberts and Thomas L. Brown have been elected to its Board of Directors (the "Board"), and the additional appointment of Kirstin M. Gould to the Board. With the appointment of Ms. Gould, the Board increased its size from 10 to 11 directors. "We are very pleased to welcome Tom and Kirstin to our board," said J. Adam Abram, James River Non-Executive Chairman. "Tom and Kirstin have valuable financial, risk management, and corporate governance expertise, with deep knowledge of the specialty property and casualty insurance industr
PEMBROKE, Bermuda, Sept. 20, 2021 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. ("James River" or the "Company") (NASDAQ:JRVR) today announced that Brett Shirreffs has joined the Company as Senior Vice President, Investments and Investor Relations, effective September 20, 2021. He will report directly to Sarah Doran, Chief Financial Officer of the Company. As Senior Vice President, Investments and Investor Relations, Mr. Shirreffs will be responsible for investments, investor relations, and rating agency activity. He joins James River from Argo Group International Holdings, Ltd. ("Argo"), where he most recently served as Group Treasurer and Head of Investor Relations. Prior to Argo
PEMBROKE, Bermuda, Sept. 02, 2021 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. ("James River" or the "Company") (NASDAQ:JRVR) today announced that James ("Jim") Gunson has joined the Company as Senior Vice President and Chief Claims Officer, effective September 2, 2021. He will report into Chief Executive Officer Frank D'Orazio and be based out of the Company's largest office in Richmond, Virginia. Mr. Gunson brings to James River more than 25 years of legal experience as well as technical and operational claims expertise in the property and casualty industry. He joins the Company from CNA Financial, where he most recently served as Senior Vice President of Complex Casualty Claims
4 - James River Group Holdings, Ltd. (0001620459) (Issuer)
3 - James River Group Holdings, Ltd. (0001620459) (Issuer)
4 - James River Group Holdings, Ltd. (0001620459) (Issuer)
4 - James River Group Holdings, Ltd. (0001620459) (Issuer)
4 - James River Group Holdings, Ltd. (0001620459) (Issuer)
4 - James River Group Holdings, Ltd. (0001620459) (Issuer)
4 - James River Group Holdings, Ltd. (0001620459) (Issuer)
4 - James River Group Holdings, Ltd. (0001620459) (Issuer)
4 - James River Group Holdings, Ltd. (0001620459) (Issuer)
4 - James River Group Holdings, Ltd. (0001620459) (Issuer)
Compass Point upgraded James River Group from Neutral to Buy and set a new price target of $12.00
Truist downgraded James River Group from Buy to Hold and set a new price target of $15.00 from $32.00 previously
Keefe Bruyette downgraded James River Group from Outperform to Mkt Perform and set a new price target of $14.00 from $22.00 previously
Barclays downgraded James River Group from Equal Weight to Underweight and set a new price target of $12.00 from $15.00 previously
Compass Point downgraded James River Group from Buy to Neutral
B. Riley Securities reiterated coverage of James River Gr Hldgs with a rating of Buy and set a new price target of $31.00 from $42.00 previously
JMP Securities reiterated coverage of James River Gr Hldgs with a rating of Market Outperform and set a new price target of $36.00 from $45.00 previously
Barclays reiterated coverage of James River Gr Hldgs with a rating of Equal-Weight and set a new price target of $29.00 from $32.00 previously
Keefe, Bruyette & Woods upgraded James River Gr Hldgs from Market Perform to Outperform and set a new price target of $35.00 from $39.00 previously
Truist upgraded James River Group from Hold to Buy and set a new price target of $43.00 from $56.00 previously
SC 13G/A - James River Group Holdings, Ltd. (0001620459) (Subject)
SC 13G/A - James River Group Holdings, Ltd. (0001620459) (Subject)
SC 13G/A - James River Group Holdings, Ltd. (0001620459) (Subject)
SC 13G/A - James River Group Holdings, Ltd. (0001620459) (Subject)
SC 13G - James River Group Holdings, Ltd. (0001620459) (Subject)
SC 13G - James River Group Holdings, Ltd. (0001620459) (Subject)
SC 13G/A - James River Group Holdings, Ltd. (0001620459) (Subject)
SC 13G - James River Group Holdings, Ltd. (0001620459) (Subject)
SC 13G/A - James River Group Holdings, Ltd. (0001620459) (Subject)
SC 13G/A - James River Group Holdings, Ltd. (0001620459) (Subject)
PEMBROKE, Bermuda, Aug. 05, 2024 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. ("James River" or the "Company") (NASDAQ:JRVR) today reported the following results for the second quarter 2024 as compared to the same period in 2023: Three Months EndedJune 30, Three Months EndedJune 30,($ in thousands, except for share data) 2024 per diluted share 2023 per diluted shareNet income from continuing operations available to common shareholders$11,853 $0.31 $9,504 $0.25Net (loss) income from discontinued operations (6,853) $(0.18) 3,785 $0.10Net income available to common shareholders 5,000 $0.13 13,289 $0.35Adjusted net operating income1 12,664 $0.33 6,647 $0.18 Th
PEMBROKE, Bermuda, July 24, 2024 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. (NASDAQ:JRVR) 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). The conference call may be accessed by dialing (800) 715-9871, conference ID 8370409, or via the investor website at https://investors.jrvrgroup.com. A replay will also be available in the same location. 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
PEMBROKE, Bermuda, July 09, 2024 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. ("James River" or the "Company") (NASDAQ:JRVR) 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"). Under the terms of the agreement, State National will provide $160.0 million of adverse development reinsurance coverage for James River's Excess and Surplus Lines segment casualty portfolio for accident years 2010-2023 (both years inclusive), subject to a 15% co-participation by the Company. The reinsurance structure has no coverage
PEMBROKE, Bermuda, May 08, 2024 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. ("James River" or the "Company") (NASDAQ:JRVR) today reported the following results for the first quarter 2024 as compared to the same period in 2023: Three Months EndedMarch 31, Three Months EndedMarch 31,($ in thousands, except for share data) 2024 per diluted share 2023 per diluted shareNet income from continuing operations available to common shareholders$20,883 $0.53 $5,279 $0.14Net (loss) income from discontinued operations (8,105) $(0.18) 1,704 $0.04Net income available to common shareholders 12,778 $0.35 6,983 $0.18Adjusted net operating income1 14,832 $0.39 14,971 $0.40 T
PEMBROKE, Bermuda, April 29, 2024 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. (NASDAQ:JRVR) 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). The conference call may be accessed by dialing (800) 715-9871, conference ID 6389424, or via the investor website at https://investors.jrvrgroup.com. A replay will also be available in the same location. 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 compa
PEMBROKE, Bermuda, April 08, 2024 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. ("James River" or the "Company") (NASDAQ:JRVR) announced that the Supreme Court, New York County, Commercial Division (the "Court") granted the Company's request for a preliminary injunction against Fleming Intermediate Holdings ("Fleming"), a portfolio company of private equity sponsor Altamont Capital Partners, ordering Fleming to complete its acquisition of JRG Reinsurance Company Ltd. ("JRG Re") on or prior to April 16, 2024. Frank D'Orazio, the Company's Chief Executive Officer, commented, "We are pleased that the Court has granted James River's request for a preliminary injunction, compelling Flem
PEMBROKE, Bermuda, March 11, 2024 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. ("James River" or the "Company") (NASDAQ:JRVR) announced that it has filed a complaint in the Supreme Court, New York County, Commercial Division against Fleming Intermediate Holdings ("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 (the "SPA") between the parties as of November 8, 2023. James River will seek expedited relief from the Court to require Fleming to close the transaction. Jame
PEMBROKE, Bermuda, Feb. 12, 2024 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. (NASDAQ:JRVR) 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). The conference call may be accessed by dialing (800) 715-9871, conference ID 1369790, or via the investor website at https://investors.jrvrgroup.com. A replay will also be available in the same location. 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 compa
PEMBROKE, Bermuda, Nov. 10, 2023 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. ("James River" or the "Company") (NASDAQ:JRVR) 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. "Over the past three years, James River's executive leadership team and board of directors have taken decisive actions to focus resources on core businesses where we have meaningful scale, de-risk the organization, reduce volatility and meaningfully strengthen the balance sheet," said O
Accelerates Strategy to Pure Play E&S and Fronting OperationsFull Exit from Reinsurance Business PEMBROKE, Bermuda, Nov. 08, 2023 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. ("James River" or the "Company") (NASDAQ:JRVR) today announced that it has entered into a definitive agreement to sell JRG Reinsurance Company, Ltd. ("JRG Re"), its third-party casualty reinsurance business, to Fleming Intermediate Holdings ("Fleming"). The total estimated transaction value is $277 million, inclusive of a $139 million pre closing dividend and a $138 million cash payment from Fleming at close. Under the terms of the transaction, valued as of September 30, 2023, James River would receive 0.75x
JMP Securities analyst Matthew Carletti maintains James River Gr Hldgs (NASDAQ:JRVR) with a Market Outperform and lowers the price target from $15 to $14.
James River Gr Hldgs (NASDAQ:JRVR) reported quarterly earnings of $0.39 per share which missed the analyst consensus estimate of $0.42 by 7.14 percent. This is a 2.5 percent decrease over earnings of $0.40 per share from the same period last year. The company reported quarterly sales of $171.691 million which missed the analyst consensus estimate of $188.967 million by 9.14 percent. This is the same as the same period last year.
Ratings for James River Gr Hldgs (NASDAQ:JRVR) were provided by 4 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 1 2 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 1 0 2 0 0 3M Ago 0 0 0 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $12.5, a high estimate of $15.00, and a low estimate o
JMP Securities analyst Matthew Carletti reiterates James River Gr Hldgs (NASDAQ:JRVR) with a Market Outperform and maintains $15 price target.
James River Group Holdings, Ltd. ("James River" or the "Company") (NASDAQ:JRVR) announced that the Supreme Court, New York County, Commercial Division (the "Court") granted the Company's request for a preliminary injunction against Fleming Intermediate Holdings ("Fleming"), a portfolio company of private equity sponsor Altamont Capital Partners, ordering Fleming to complete its acquisition of JRG Reinsurance Company Ltd. ("JRG Re") on or prior to April 16, 2024.
Compass Point analyst Casey Alexander upgrades James River Gr Hldgs (NASDAQ:JRVR) from Neutral to Buy.
According to Benzinga Pro following are the gainers and losers in Insurance industry for today's Intraday session. Gainers Kingstone Companies (NASDAQ:KINS) shares rose 3.32% to $3.94 during Thursday's regular session. Kingstone Companies's stock is trading at a volume of 23.7K shares as of 13:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $41.7 million. Tian Ruixiang Holdings (NASDAQ:TIRX) stock increased by 2.49% to $0.55. As of 13:40 EST, Tian Ruixiang Holdings's stock is trading at a volume of 26.3K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $1.7 mi
According to Benzinga Pro following are the gainers and losers in Insurance industry for today's Intraday session. Gainers Marpai (NASDAQ:MRAI) shares increased by 8.84% to $2.46 during Wednesday's regular session. The current volume of 439.7K shares is 0% of Marpai's average full-day volume over the last 100 days (last updated at 13:40 EST). The market value of their outstanding shares is at $23.2 million. Abacus Life (NASDAQ:ABL) shares rose 8.52% to $12.1. The current volume of 11.5K shares is 0% of Abacus Life's average full-day volume over the last 100 days (last updated at 13:40 EST). The market value of their outstanding shares is at $715.8 million. Cheche Group (NASDAQ:CCG) stock
PEMBROKE, Bermuda, Aug. 05, 2024 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. ("James River" or the "Company") (NASDAQ:JRVR) today reported the following results for the second quarter 2024 as compared to the same period in 2023: Three Months EndedJune 30, Three Months EndedJune 30,($ in thousands, except for share data) 2024 per diluted share 2023 per diluted shareNet income from continuing operations available to common shareholders$11,853 $0.31 $9,504 $0.25Net (loss) income from discontinued operations (6,853) $(0.18) 3,785 $0.10Net income available to common shareholders 5,000 $0.13 13,289 $0.35Adjusted net operating income1 12,664 $0.33 6,647 $0.18 Th
PEMBROKE, Bermuda, July 24, 2024 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. (NASDAQ:JRVR) 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). The conference call may be accessed by dialing (800) 715-9871, conference ID 8370409, or via the investor website at https://investors.jrvrgroup.com. A replay will also be available in the same location. 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
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. Under the terms of the agreement, State National will provide $160.0 million of adverse development reinsurance coverage for JRG Holdings' excess and surplus lines segment casualty portfolio for accide
PEMBROKE, Bermuda, July 09, 2024 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. ("James River" or the "Company") (NASDAQ:JRVR) 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. "I am thrilled to welcome Christine to our Board," said Frank D'Orazio, the Company's Chief Executive Officer. "She has deep knowledge of the specialty property and casualty i
PEMBROKE, Bermuda, July 09, 2024 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. ("James River" or the "Company") (NASDAQ:JRVR) 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"). Under the terms of the agreement, State National will provide $160.0 million of adverse development reinsurance coverage for James River's Excess and Surplus Lines segment casualty portfolio for accident years 2010-2023 (both years inclusive), subject to a 15% co-participation by the Company. The reinsurance structure has no coverage
PEMBROKE, Bermuda, May 08, 2024 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. ("James River" or the "Company") (NASDAQ:JRVR) today reported the following results for the first quarter 2024 as compared to the same period in 2023: Three Months EndedMarch 31, Three Months EndedMarch 31,($ in thousands, except for share data) 2024 per diluted share 2023 per diluted shareNet income from continuing operations available to common shareholders$20,883 $0.53 $5,279 $0.14Net (loss) income from discontinued operations (8,105) $(0.18) 1,704 $0.04Net income available to common shareholders 12,778 $0.35 6,983 $0.18Adjusted net operating income1 14,832 $0.39 14,971 $0.40 T
PEMBROKE, Bermuda, April 29, 2024 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. (NASDAQ:JRVR) 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). The conference call may be accessed by dialing (800) 715-9871, conference ID 6389424, or via the investor website at https://investors.jrvrgroup.com. A replay will also be available in the same location. 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 compa
AM Best has withdrawn the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of "bbb+" (Good) of JRG Reinsurance Company Ltd. (JRG Re) At the time of the withdrawal, the Credit Ratings (ratings) were under review with negative implications. The withdrawal of the ratings previously assigned to JRG Re reflects the close of the transaction in which James River Group Holdings, Ltd. (JRG Holdings) (NASDAQ:JRVR) sold JRG Re to Fleming Intermediate Holdings LLC. AM Best's procedure is for a final rating opinion to be produced in conjunction with a rating withdrawal. However, a final rating opinion could not be produced due to the lack of sufficient forward-looking f
PEMBROKE, Bermuda, April 16, 2024 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. ("James River" or the "Company") (NASDAQ:JRVR) today announced that Fleming Intermediate Holdings ("Fleming") has completed its acquisition of JRG Reinsurance Company, Ltd. ("JRG Re") at the previously agreed upon terms. Frank D'Orazio, the Company's Chief Executive Officer, commented, "We are pleased to have successfully completed our sale of JRG Re to Fleming in accordance with the Stock Purchase Agreement that the parties negotiated together and executed on November 8, 2023. James River will continue to focus its resources on its core U.S. insurance businesses where we have meaningful scale, includin
PEMBROKE, Bermuda, April 08, 2024 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. ("James River" or the "Company") (NASDAQ:JRVR) announced that the Supreme Court, New York County, Commercial Division (the "Court") granted the Company's request for a preliminary injunction against Fleming Intermediate Holdings ("Fleming"), a portfolio company of private equity sponsor Altamont Capital Partners, ordering Fleming to complete its acquisition of JRG Reinsurance Company Ltd. ("JRG Re") on or prior to April 16, 2024. Frank D'Orazio, the Company's Chief Executive Officer, commented, "We are pleased that the Court has granted James River's request for a preliminary injunction, compelling Flem