James River Group settles separation agreement with departing segment CEO McCafferty

James River Group Holdings, Inc.

Terminated segment CEO McCafferty receives pro-rated STIP/LTIP awards based on 2023 performance and service period.
McCafferty gets $110,000 expense reimbursement; service-based RSUs settled within 30 days of separation.
Separation agreement includes mutual general releases; seven-day revocation period before effective.
McCafferty left James River's Specialty Admitted Insurance segment effective Dec 2, 2023.

item 5.02

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Departed

Terence M. McCafferty

President and Chief Executive Officer of the Specialty Admitted Insurance segment

JRVR · James River Group Holdings, Inc.

Effective: 2023-12-02
Filed: December 29, 2023, 6:59 PM ET

As previously announced, Terence M. McCafferty, President and Chief Executive Officer of the Specialty Admitted Insurance segment of James River Group Holdings, Ltd. (the “Company”), left the Company effective December 2, 2023 (the “Separation Date”).

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Terence M. McCafferty departed as President and Chief Executive Officer of the Specialty Admitted Insurance segment at James River Group Holdings, Inc..

Action: departed
Role: President and Chief Executive Officer of the Specialty Admitted Insurance segment

Exact text from the filing

As previously announced, Terence M. McCafferty, President and Chief Executive Officer of the Specialty Admitted Insurance segment of James River Group Holdings, Ltd. (the “Company”), left the Company effective December 2, 2023 (the “Separation Date”).

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Source: SEC EDGAR

accession 0001620459-23-000151

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