James River Names William “Bill” Bowman as President and Chief Executive Officer of Specialty Admitted Insurance Segment
05 Dicembre 2023 - 11:27PM
James River Group Holdings, Ltd. (“James River” or the “Company”)
(NASDAQ: JRVR) today announced that William “Bill” Bowman has been
named President and Chief Executive Officer, Specialty Admitted
Insurance. Mr. Bowman joined the Company in 2019 as Senior Vice
President, Program Management, and has led the program and fronting
business within the Specialty Admitted Insurance segment over that
period. Mr. Bowman will report to Frank D’Orazio, Chief Executive
Officer of the Company.
“Bill is a very accomplished executive with deep
relationships with MGAs, program managers and high-quality
reinsurers, and significant experience delivering profitable growth
in the fronting sector,” said Frank D’Orazio, Chief Executive
Officer of the Company. “He has been a critical contributor to our
business for many years and I look forward to the opportunity to
work with him more closely in his new role.”
“I’m thrilled for the opportunity to lead our
Specialty Admitted Segment, including the Falls Lake Companies, and
very excited to work more deeply with the team and Group leadership
in this new role,” said Bill Bowman. “Our business has significant
momentum as a leader in the programs and fronting space, an area of
significant market opportunity.”
Mr. Bowman has over 35 years of deep property
and casualty industry experience. Prior to joining James River in
2019, he spent a number of years in marketing and product
management roles at organizations including Farmers, Bankers
Financial and Integon. Mr. Bowman received a BS from Duke
University and an MBA from the University of North Carolina at
Chapel Hill.
Forward-Looking Statements
This press release contains forward-looking
statements as that term is defined in the Private Securities
Litigation Reform Act of 1995. These forward-looking statements
include statements regarding the intent, belief or current
expectations of James River and its management team, and may be
identified by terms such as believe, expect, seek, may, will,
should, intend, project, anticipate, plan, estimate or similar
words. Forward-looking statements involve risks and uncertainties
that could cause actual results to differ materially from those in
the forward-looking statements. Additional information about these
risks and uncertainties, as well as others that may cause actual
results to differ materially from those in the forward-looking
statements, is contained in our filings with the U.S. Securities
and Exchange Commission (“SEC”), including our most recently filed
Annual Report on Form 10-K and our other documents on file with the
SEC. These forward-looking statements speak only as of the date of
this release and the Company does not undertake any obligation to
update or revise any forward-looking information to reflect changes
in assumptions, the occurrence of unanticipated events, or
otherwise.
About James River Group Holdings,
Ltd.
James River Group Holdings, Ltd. is a
Bermuda-based insurance holding company which owns and operates a
group of specialty insurance and reinsurance companies. It operates
in three specialty property-casualty insurance and reinsurance
segments: Excess and Surplus Lines, Specialty Admitted Insurance
and Casualty Reinsurance. Each of its regulated insurance
subsidiaries are rated “A-” (Excellent) by A.M. Best Company.
Visit James River Group Holdings, Ltd. on the
web at www.jrvrgroup.com.
For more information
contact:
Brett ShirreffsSVP, Finance, Investments and
Investor Relations(919) 980-0524Investors@jrvrgroup.com
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