M&A
confidence high
sentiment neutral
materiality 0.50
James River sells Individual Risk Workers' Compensation renewal rights to Amynta Group
James River Group Holdings, Inc.
- IRWC business produced $53M gross written premiums in 2022; includes full operations and employee transfer.
- Transaction does not involve sale of any insurance company entities; expected close by end of Q3 2023.
- CEO cites alignment with strategy to focus on core businesses where James River has meaningful scale.
- Amynta will operate the business under Amynta Work Comp Solutions; Terry McCafferty expresses gratitude to the team.