James River Group Holdings, Ltd. IPO Info
Company Name: James River Group Holdings, Ltd.
Stock Symbol: JRVR
Exchange: NASDAQ
Status: Priced
IPO Date: 12/12/2014
IPO Price:
21.00 (
8.38%)
Underwriters
Keefe, Bruyette & Woods, UBS, FBR, BMO Capital
Amount of Offering: N/A
Number of Shares Offered: 11 Mil
Shares Outstanding After Offering: N/A
Valuation: N/A
Company Description
James River Group Holdings, Ltd. is a Bermuda-based insurance holding company. We own and operate a group of specialty insurance and reinsurance companies founded by members of our management team. For the year ended December 31, 2013, 70% of our group-wide gross written premiums originated from the U.S. excess and surplus (E&S) lines market. Substantially all of our business is casualty insurance and reinsurance, and for the year ended December 31, 2013, we derived over 95% of our group-wide gross written premiums from casualty insurance and reinsurance. Our objective is to generate compelling returns on tangible equity, while limiting underwriting and investment volatility. We seek to accomplish this by earning profits from insurance and reinsurance underwriting on a consistent basis while managing our capital opportunistically to grow tangible equity per share for our shareholders. Our group includes three specialty property-casualty insurance and reinsurance segments: Excess and Surplus Lines, Specialty Admitted Insurance and Casualty Reinsurance. In all of our segments, we tend to focus on accounts associated with small or medium-sized businesses.
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