James River Completes Closing of Adverse Development Cover and Common Equity Investment with Cavello Bay Reinsurance Limited
Provided By GlobeNewswire
Last update: Dec 23, 2024
PEMBROKE, Bermuda, Dec. 23, 2024 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. (“James River” or the “Company”) (NASDAQ: JRVR) today announced the close of both the adverse development reinsurance agreement and $12.5 million common equity investment with Enstar subsidiary Cavello Bay Reinsurance Limited, as per the terms and agreements previously announced on November 11, 2024.
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