James River Group Holdings, Inc.

The Supreme Court, New York County, Commercial Division, partially granted and denied Fleming Intermediate Holdings LLC's motion to dismiss James River Group Holdings, Inc.'s amended complaint. The lawsuit sought specific performance and damages related to Fleming's failure to close its purchase of JRG Reinsurance Company Ltd. The court dismissed James River's claim for specific performance as moot, given the transaction closed on April 16, 2024, and also dismissed claims for consequential damages. However, the court allowed James River's claims for direct damages for breach of contract to proceed.

James River Group Holdings, Inc. announced the resignation of director Dennis J. Langwell, effective June 16, 2026. Concurrently, the Board of Directors appointed Rajiv Basu as a new director, effective immediately. Mr. Basu will also assume the role of Chair of the Audit Committee.

James River Group Holdings, Inc. furnished its first quarter 2026 investor presentation, highlighting strong operational performance and strategic initiatives. The company reported a 6.5% year-over-year growth in Gross Written Premium for Core Casualty and an E&S Combined Ratio of 96.5%. Key focus areas include profitable growth in the E&S market, expense efficiencies, and leveraging technology for underwriting improvements. The company also noted a strong balance sheet and a stable, yield-generating investment portfolio.

James River Group Holdings, Inc. reported a net loss available to common shareholders of $(10.89) million for the first quarter of 2026, a decline from a net income of $7.61 million in the prior year's quarter. Basic net loss per common share was $(0.23). The company saw a decrease in gross written premiums to $236.37 million and net earned premiums to $135.71 million, while losses and loss adjustment expenses increased. However, net cash used in operating activities significantly improved to $(0.68) million from $(51.47) million year-over-year. The company also noted its domestication from Bermuda to Delaware, completed in November 2025, and the continued reporting of its JRG Re sale as discontinued operations.

James River Group Holdings, Inc. reported a net loss from continuing operations of $(10.7) million, or $(0.23) per diluted share, for the first quarter of 2026, compared to a net income of $9.0 million in the prior year. Adjusted net operating income also decreased to $5.8 million, or $0.12 per diluted share. The combined ratio worsened to 104.6%, primarily due to $6.7 million in reinsurance reinstatement premiums related to a single E&S claim. Despite these challenges, the E&S segment saw modest growth in active casualty lines, and general and administrative expenses declined by 10.5%.

James River Group Holdings, Inc. filed a Form 10-K/A to include Part III information, previously omitted due to the company's intent to file its 2026 definitive proxy statement later than 120 days after fiscal year-end. The amendment provides details on directors, executive officers, corporate governance, and executive compensation. Dennis J. Langwell will not seek re-election as a director at the 2026 annual meeting. The company reported a full-year 2025 combined ratio of 96.6% and E&S Segment net earned premium of $559.5 million, up 9.2%.

Dennis J. Langwell has informed James River Group Holdings, Inc. that he will not seek re-election as a director at the company's 2026 annual general meeting of shareholders. His decision was not a result of any disagreement with the company regarding its operations, policies, or practices.