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Stock impact report

AM Best Comments on Credit Ratings of James River Group Holdings, Ltd. and Its Subsidiaries Following Filed Complaint With NY State Supreme Court

James River Group Holdings, Ltd. - Common Shares (JRVR) 
Last james river group holdings, ltd. - common shares earnings: 4/29 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.jrgh.net
Company Research Source: Business Wire
OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has commented that the Credit Rating (ratings) of James River Group Holdings, Ltd. (JRG Holdings) [NASDAQ: JRVR] (Bermuda) and its subsidiaries remain unchanged at this time following the announcement that JRG Holdings has filed a complaint in the Supreme Court, New York County, Commercial Division against Fleming Intermediate Holdings LLC (Fleming), a portfolio company of private equity sponsor, Altamont Capital Partners. The action seeks specific performance of Fleming’s obligation to complete the acquisition of JRG Reinsurance Company Ltd. (JRG Re) in accordance with the Stock Purchase Agreement executed between the parties as of Nov. 8, 2023. JRG Holdings will seek expedited relief from the Court to require Fleming to close the transaction.This legal action, as stated in JRG Holdings’ lawsuit, is “a result of the refusal of Fleming to complete the fully negotiated transaction as executed in November.” JRG Holdings has confirmed that as l Show less Read more
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