James River Group Holdings, Ltd. (NASDAQ: “JRVR”) Upgraded to “A” by A.M. Best
July 29 2016 - 10:10AM
James River Group Holdings, Ltd. (“James River”) (NASDAQ:JRVR)
announced today that the A.M. Best Company upgraded the financial
strength ratings of its subsidiary insurance and reinsurance
companies to “A” from “A-”.
In a news release announcing its decision to upgrade James
River’s subsidiary insurance and reinsurance companies’ financial
strength ratings, A.M. Best cited James River’s “strong operating
performance and supportive risk-adjusted capitalization due to its
solid business profile and successful execution of its business
strategy.”
“We are very pleased to have our consistent underwriting and
earnings, strong balance sheet and careful risk management
practices recognized by A.M. Best,” said J. Adam Abram, Chairman
and CEO of James River. “These are each important parts of the
value proposition we offer to our policy holders, agents, cedants,
reinsurance partners and investors. I want to congratulate
every single one of our 481 employees whose work earned this
recognition.”
About James River Group Holdings, Ltd.
James River Group Holdings, Ltd. Is a Bermuda-based holding
company which owns and operates a group of specialty insurance and
reinsurance companies founded by members of our management
team. The company operates in three specialty
property-casualty insurance and reinsurance segments: Excess and
Surplus Lines, Specialty Admitted Insurance and Casualty
Reinsurance. The company tends to focus on accounts
associated with small or medium-sized businesses in each of its
segments. 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.jrgh.net
For more information contact:
Robert Myron
President and Chief Operating Officer
InvestorRelations@jrgh.net
441-278-4583
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