James River Completes Closing of Adverse Development Cover and Common Equity Investment with Cavello Bay Reinsurance Limited

Core Insights - James River Group Holdings, Ltd. has successfully closed an adverse development reinsurance agreement and a $12.5 million common equity investment with Enstar subsidiary Cavello Bay Reinsurance Limited, as previously announced on November 11, 2024 [1] Company Overview - James River Group Holdings, Ltd. is a Bermuda-based insurance holding company that operates a group of specialty insurance companies [2] - The company functions in two specialty property-casualty insurance segments: Excess and Surplus Lines and Specialty Admitted Insurance [2] - All of the company's regulated insurance subsidiaries are rated "A-" (Excellent) by A.M. Best Company [2]