James River Completes Closing of Adverse Development Cover and Common Equity Investment with Cavello Bay Reinsurance Limited
December 23 2024 - 3:05PM
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.
For more information contact:
Zachary Shytle
Senior Analyst, Investments and Investor Relations
980-249-6848
InvestorRelations@james-river-group.com
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