James River Group Forms; Buys Fidelity Excess & Surplus

The James River Group Inc. announced it has formed as an insurance holding company headquartered in Chapel Hill, N.C. Additionally, the company reported that it bought Fidelity Excess and Surplus Insurance Company from American Financial Group in a transaction effective June 30.

Fidelity Excess and Surplus will be renamed James River Insurance Company and Michael P. Kehoe will serve as president and CEO. James River Insurance Company, headquartered in Richmond, Va., is authorized to write on a non-admitted basis in 40 states and Washington, D.C. Underwriting operations will begin immediately.

James River Insurance Company will operate through a limited number of appointed wholesale brokers. The company will write business through the following underwriting divisions: Allied Healthcare, Professional Liability, Manufacturers and Contractors Casualty, General Casualty, Excess Casualty, Primary Property and Excess Property.

James River Specialty (JRS) is the trade name for the James River Group and its subsidiary companies.

Topics Mergers & Acquisitions Excess Surplus