secwatch.observer — SEC 8-K summary
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Issuer:     James River Group Holdings, Inc. (JRVR)
CIK:        0001620459
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0001620459-23-000128
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1620459/000162045923000128/0001620459-23-000128-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1620459/000162045923000128/jrvr-20231108.htm
  HTML page:      https://secwatch.observer/filing/0001620459-23-000128

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