---
schema_version: "secwatch.filing_event.v1"
accession: "0001620459-23-000128"
form_type: "8-K"
ticker: "JRVR"
cik: "0001620459"
company_name: "James River Group Holdings, Inc."
filed_at: "2023-11-09T23:59:59+00:00"
generated_at: "2026-06-08T06:45:40.354312+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# James River Group sells JRG Reinsurance to Fleming Intermediate for up to $279.5M

## Summary
- Total consideration: $138M cash at closing, $139M pre-closing dividend/return of capital, plus up to $2.5M contingent payment.
- Closing expected Q1 2024; subject to Bermuda Monetary Authority approval and customary conditions.
- Sale includes disposition of casualty reinsurance business and related assets; JRG Re is a Class 3B Bermuda insurer.
- KeyBank and BMO consented; will amend credit facilities to release JRG Re as borrower and collateral.

## SEC filing metadata
- accession: 0001620459-23-000128
- form_type: 8-K
- ticker: JRVR
- cik: 0001620459
- company_name: James River Group Holdings, Inc.
- filed_at: 2023-11-09T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1620459/000162045923000128/0001620459-23-000128-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1620459/000162045923000128/jrvr-20231108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001620459-23-000128
- JSON: https://secwatch.observer/filing/0001620459-23-000128.json
- Plain text: https://secwatch.observer/filing/0001620459-23-000128.txt

## Key facts
- Material Agreements
  James River Group Holdings, Inc. entered into Stock Purchase Agreement with Fleming Intermediate Holdings LLC valued at $277 million (effective 2023-11-08).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Fleming Intermediate Holdings LLC
  - Value: $277 million
  - Effective: 2023-11-08
  source text: On November 8, 2023, James River Group Holdings, Ltd. (the “Company”) entered into a Stock Purchase Agreement (the “Stock Purchase Agreement”) with Fleming Intermediate Holdings LLC, a Cayman Islands limited liability company (the “Buyer”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1620459/000162045923000128/0001620459-23-000128-index.htm

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