PEMBROKE, Bermuda, July 29, 2016 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. (“James River”) (NASDAQ:JRVR) announced today that the A.M. Best Company upgraded the financial strength ratings of its subsidiary insurance and reinsurance companies to “A” from “A-”.
In a news release announcing its decision to upgrade James River’s subsidiary insurance and reinsurance companies’ financial strength ratings, A.M. Best cited James River’s “strong operating performance and supportive risk-adjusted capitalization due to its solid business profile and successful execution of its business strategy.”
“We are very pleased to have our consistent underwriting and earnings, strong balance sheet and careful risk management practices recognized by A.M. Best,” said J. Adam Abram, Chairman and CEO of James River. “These are each important parts of the value proposition we offer to our policy holders, agents, cedants, reinsurance partners and investors. I want to congratulate every single one of our 481 employees whose work earned this recognition.”
About James River Group Holdings, Ltd.
James River Group Holdings, Ltd. Is a Bermuda-based holding company which owns and operates a group of specialty insurance and reinsurance companies founded by members of our management team. The company operates in three specialty property-casualty insurance and reinsurance segments: Excess and Surplus Lines, Specialty Admitted Insurance and Casualty Reinsurance. The company tends to focus on accounts associated with small or medium-sized businesses in each of its segments. Each of the Company’s regulated insurance subsidiaries are rated “A” (Excellent) by A.M. Best Company.
Visit James River Group Holdings, Ltd. on the web at www.jrgh.net
For more information contact: Robert Myron President and Chief Operating Officer InvestorRelations@jrgh.net 441-278-4583
Source:James River Group Holdings, Ltd.