---
schema_version: "secwatch.filing_event.v1"
accession: "0001620459-23-000126"
form_type: "8-K"
ticker: "JRVR"
cik: "0001620459"
company_name: "James River Group Holdings, Inc."
filed_at: "2023-11-08T23:59:59+00:00"
generated_at: "2026-06-08T09:36:17.837373+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# James River Group sells casualty reinsurance unit to Fleming for $277M

## Summary
- Total estimated transaction value of $277M, including $139M pre-closing dividend and $138M cash at close.
- Sale of JRG Reinsurance Company, Ltd. at 0.75x book value as of September 30, 2023.
- JRG Re produced $85.2M gross written premiums in 2022; full exit from reinsurance business.
- Transaction unanimously approved by both boards; expected close in Q1 2024 subject to regulatory approvals.
- Aligns with strategy to focus on core E&S and fronting businesses; Fleming is portfolio company of Altamont Capital Partners.

## SEC filing metadata
- accession: 0001620459-23-000126
- form_type: 8-K
- ticker: JRVR
- cik: 0001620459
- company_name: James River Group Holdings, Inc.
- filed_at: 2023-11-08T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1620459/000162045923000126/0001620459-23-000126-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1620459/000162045923000126/jrvr-20231108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001620459-23-000126
- JSON: https://secwatch.observer/filing/0001620459-23-000126.json
- Plain text: https://secwatch.observer/filing/0001620459-23-000126.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.