M&A - James River Group Holdings, Ltd.

Form Type: 8-K

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: Update

Accession Number: 000162045925000059

Filing Summary: On April 18, 2025, it was reported that an Independent Accounting Firm resolved disputed items related to the Stock Purchase Agreement between James River Group Holdings, Ltd. and Fleming Intermediate Holdings LLC concerning the acquisition of JRG Reinsurance Company Ltd. The total disputes amounted to $54.1 million, with Fleming seeking a downward adjustment of the Closing Purchase Price. The final determination by the accounting firm resulted in a downward adjustment of $483,625 to the Closing Purchase Price. This adjustment will be reported as an additional loss on sale within discontinued operations in the Company's financial results for the first quarter of 2025, expected to be issued by May 12, 2025.