James River exits Bermuda, completes Delaware redomicile amid turnaround push

Bermuda-based specialty insurer James River has completed its redomiciliation, shifting its place of incorporation from Bermuda to the State of Delaware, effective 7 November 2025.

In conjunction with the move, the company legally changed its name to James River Group Holdings.

Common shares of James River Bermuda were converted by operation of law into equivalent shares of common stock with James River Group Holdings.

This is the next step in a string of activity to turn results around for James River, including cutting reinsurance lines off the back of Q3 2023 results, then subsequently selling its third-party casualty reinsurance to Fleming Intermediate Holdings.

This agreement induced friction as a lawsuit was sparked, with Fleming throwing the first stone, and James River countering. By the first quarter this year, the insurer's results were carrying the impact.

Since many leadership shuffles and a shift in strategy have turned the tide, with third quarter results narrowing losses, this relocation seems to be the next step in wiping the slate.

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