Latest James River Headlines
All the headlines from our James River Topic Page, ordered by recency.
Fleming Files Lawsuit Against James River, Alleging Fraud During JRG Re Acquisition
Jul 17 2024 // Fleming Intermediate Holdings filed a lawsuit against James River Group Holdings Ltd., alleging it had been defrauded during its $300 million acquisition of JRG Reinsurance Co. Once the deal agreement was signed in...
Update: James River Files Suit Against Fleming for Failing to Close Purchase of JRG Re
Mar 11 2024 // James River Group Holdings Ltd. announced it has filed a lawsuit against Fleming Intermediate Holdings for its failure to complete the $277 million acquisition of its casualty reinsurance subsidiary, JRG Reinsurance Co....
AM Best Downgrades Ratings of JRG Re; James River Group Gets Negative Outlook
Jan 2 2024 // AM Best has downgraded the financial strength rating of JRG Reinsurance (JRG Re) to B++ (Good) from A- (Excellent) and the long-term issuer credit rating to “bbb+” (Good) from “a-” (Excellent),...
Update: James River to Exit Reinsurance, Agreeing to Sell JRG Re to Fleming for $277M
Nov 8 2023 // James River Group Holdings Ltd. announced it has entered into a definitive agreement to sell JRG Reinsurance Co. Ltd., its casualty reinsurance business, to Fleming Intermediate Holdings. The total estimated transaction...
James River Names Former Allied World Executive D’Orazio as CEO, Succeeding Abram
Oct 29 2020 // James River Group Holdings Ltd. announced that Frank D’Orazio has been named chief executive officer of the company, effective Nov. 2, 2020. J. Adam Abram, the company’s founder and current CEO will retire on...
Virginia’s Kinsale Capital Group Announces Underwriting Promotions
Mar 20 2020 // Kinsale Capital Group Inc. has announced four underwriting promotions. Patrick L. Dalton was named senior vice president of Casualty, John R. Bowen Jr. was named vice president of Construction, Jason E. Hoover was named...
Why James River Insurance Dumped Uber Account
Nov 8 2019 // A Bermuda-based insurer that recently severed ties with an Uber Technologies Inc. affiliate said on Thursday the risk of providing driver ride-hailing coverage had become too great and that it had mispriced policies during...
James River Insurance Retains Rating After Dropping Its Biggest Customer, Uber
Oct 18 2019 // Ratings agency A.M. Best said its ratings of James River Insurance remain unchanged after the insurer said it would be cancelling its business with ride-hailing giant Uber affiliate, Rasier, its largest client. A.M Best...
USI Insurance Services Acquires Pennsylvania’s JRG Advisors
Jul 15 2019 // USI Insurance Services (USI) has acquired Wexford, Penn.-based employee benefits services firm, JRG Advisors LLC. The company’s existing operations will be combined with Emerson Reid, USI’s employee benefits...
James River Insurance Seeking $685M Valuation in IPO
Dec 4 2014 // James River Group Holdings Ltd., the insurer backed by D.E. Shaw & Co. and Goldman Sachs Group Inc., is seeking a valuation of as much as $685 million in an initial public offering. Investors are offering 11 million...
Insurer James River Group Files for IPO
Nov 7 2014 // James River Group Holdings Ltd, a Bermuda-based insurance holding company, filed for an initial public offering of common shares that would raise up to $288 million. Hedge fund D.E. Shaw & Co LP’s affiliates own...
Ratings Recap: Dominion, Ardellis, NAGICO, JRG Re
May 27 2014 // A.M. Best has assigned a financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” to The Dominion of Canada General Insurance Company, based in Toronto, Ontario,...
Ratings Roundup: JRG Re, ASSA/Lion Re, TP Re
Jan 24 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of Bermuda-based JRG Reinsurance Company, Ltd. and its U.S. affiliates,...
Morris to Take Reins of James River Insurance Co.
Jul 25 2008 // Joseph F. Morris has been named president and chief executive officer of Richmond, Virginia-based James River Insurance Co., and its affiliate James River Management Co. Inc. Morris, a 28-year veteran of the insurance...
Morris Named President of James River Insurance
Jul 25 2008 // Joseph F. Morris has been named president and CEO of James River Insurance Co.and its affiliate James River Management Co, Inc., effective August 25. Morris has 28 years of insurance industry experience and most recently...
Ratings Recap: Stoneheath Re, JRG Re
Jan 29 2008 // A.M. Best Co. has downgraded the debt rating to “bb+” from “bbb” on the $350 million non-cumulative perpetual preferred securities (issuer preferred securities) issued by Stoneheath Re (issuer), a...
Vote on Sale of James River Insurance Set for Nov. 6
Sep 21 2007 // James River Group, Inc. reports it has scheduled a Nov. 6 stockholders meeting to vote on the proposed sale of the company. Bermuda-based investment manager D. E. Shaw wants to acquire the North Carolina- based excess and...
James River: 45% Jump in Premiums; Comp Loss; Call Today
May 3 2006 // James River Group, Inc. in Chapel Hill, N.C., announced financial results for the quarter ended March 31, including net income of $6.8 million compared to $4.6 million for the first quarter of 2005; an overall combined...
James River Assigned
Jul 21 2003 // A.M. Best Co. assigned an initial financial strength rating of “A-” (Excellent) to James River Insurance Company (James River). The rating outlook is stable. The company is the insurance subsidiary of James...
James River Assigned
Jul 21 2003 // A.M. Best Co. assigned an initial financial strength rating of “A-” (Excellent) to James River Insurance Company (James River). The rating outlook is stable. The company is the insurance subsidiary of James...
