{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-117680","form_type":"8-K","ticker":"JRVR","cik":"0001620459","company_name":"James River Group Holdings, Inc.","filed_at":"2024-11-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:09.010487+00:00","generated_at":"2026-05-30T00:56:52.524976+00:00","sec_items":["1.01","3.02","3.03","5.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"James River Group restructures preferred shares, raises $12.5M, and secures $75M adverse development cover","bullets":["Exchanged 37,500 Series A Preferred for 5.9M common shares at $6.40/share; private placement of 1.95M shares to Cavello Bay for $12.5M.","Entered ADC reinsurance with Cavello Bay covering 100% of losses above $1.1837B retention, up to $75M limit; premium $52.8M.","Series A Preferred conversion price reset to $8.32 (130% of $6.40); mandatory conversion if stock exceeds $16.64 for 20 days.","Dividend on Series A Preferred stays 7% until Sept 2029, then resets to 5-yr Treasury plus 5.2%, capped at 8%.","Closings subject to Bermuda Monetary Authority approval and satisfaction of ADC conditions."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-117680","json":"https://secwatch.observer/filing/0001104659-24-117680.json","markdown":"https://secwatch.observer/filing/0001104659-24-117680.md","text":"https://secwatch.observer/filing/0001104659-24-117680.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1620459/000110465924117680/0001104659-24-117680-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1620459/000110465924117680/tm2428256d1_8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T00:56:52.524976+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7cf3e676d7bec9d5803176572e7a6c875c49df1d","claim":"James River Group Holdings, Inc.: On November 11, 2024, the Company amended its Certificate of Designations for the 7% Series A Perpetual Cumulative Convertible Preferred Shares to modify conversion rights, dividend terms, and other preferences of holders (effective 2024-11-11).","evidence_excerpt":"Amended and Restated Certificate of Designations On November 11, 2024, the Company entered into the Amended and Restated Certificate of Designations of the 7% Series A Perpetual Cumulative Convertible Preferred Shares (the “A&R Certificate of Designations”) in order to amend and restate the rights of holders of the Series A Preferred Shares, as more particularly set forth below:","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1620459/000110465924117680/0001104659-24-117680-index.htm","confidence":0.95,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2024-11-11"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}