James River Group Holdings Ltd. said in a statement Wednesday that it has completed the $277 million sale of JRG Reinsurance Co. Ltd. to Fleming Intermediate Holdings, a portfolio company of private-equity sponsor Altamont Capital Management LP. New York Court,
James River obtained a court order on April 6 mandating that the sale proceed. legal dispute basically between the parties regarding the terms of the deal announced In November 2023.
JRG CEO Frank D’Orazio said in the statement that the company will now focus on areas including its excess and surplus and fronting businesses.