PEMBROKE

James River Granted Motion Ordering Fleming to Complete its Pending Acquisition of JRG Re

Retrieved on: 
Monday, April 8, 2024
Acquisition, Supreme court, Fleming, Court

PEMBROKE, Bermuda, April 08, 2024 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. (“James River” or the “Company”) (NASDAQ: JRVR) announced that the Supreme Court, New York County, Commercial Division (the “Court”) granted the Company’s request for a preliminary injunction against Fleming Intermediate Holdings (“Fleming”), a portfolio company of private equity sponsor Altamont Capital Partners, ordering Fleming to complete its acquisition of JRG Reinsurance Company Ltd. (“JRG Re”) on or prior to April 16, 2024.

Key Points: 
  • PEMBROKE, Bermuda, April 08, 2024 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. (“James River” or the “Company”) (NASDAQ: JRVR) announced that the Supreme Court, New York County, Commercial Division (the “Court”) granted the Company’s request for a preliminary injunction against Fleming Intermediate Holdings (“Fleming”), a portfolio company of private equity sponsor Altamont Capital Partners, ordering Fleming to complete its acquisition of JRG Reinsurance Company Ltd. (“JRG Re”) on or prior to April 16, 2024.
  • Frank D’Orazio, the Company’s Chief Executive Officer, commented, “We are pleased that the Court has granted James River’s request for a preliminary injunction, compelling Fleming to complete the acquisition of JRG Re in accordance with the Stock Purchase Agreement that the parties negotiated together and executed on November 8, 2023.
  • We look forward to finalizing the transaction.”

James River Commences Litigation Against Fleming Intermediate Holdings to Enforce Stock Purchase Agreement

Retrieved on: 
Monday, March 11, 2024
Complaint, Acquisition, Court, Sale, Fleming, SPA, Supreme court

James River will seek expedited relief from the Court to require Fleming to close the transaction.

Key Points: 
  • James River will seek expedited relief from the Court to require Fleming to close the transaction.
  • James River brings this action in response to the refusal of Fleming to complete the fully negotiated transaction that it executed in November.
  • James River will take all actions necessary to protect its interests, enforce James River’s rights under the SPA and compel Fleming to complete the transaction in accordance with its terms.
  • As long as James River continues to own JRG Re, James River will continue to operate and support JRG Re and its cedents as it has throughout its ownership.

James River Announces Fourth Quarter 2023 Results

Retrieved on: 
Wednesday, February 28, 2024
Internet, Sale, Classification, Conference, Bank statement, Investment

The majority of the realized and unrealized gains during the fourth quarter of 2023 were related to our equity securities and secured bank loan portfolio.

Key Points: 
  • The majority of the realized and unrealized gains during the fourth quarter of 2023 were related to our equity securities and secured bank loan portfolio.
  • The effective tax rate on net income from continuing operations for the year ended December 31, 2023 was 29.6%.
  • Shareholders' equity of $534.6 million at December 31, 2023 declined 5.0% compared to shareholders' equity of $562.5 million at September 30, 2023.
  • James River will hold a conference call to discuss its fourth quarter results tomorrow, February 29, 2024 at 8:30 a.m. Eastern Time.

AM Best Removes From Under Review With Developing Implications and Affirms Credit Ratings of Validus Reinsurance, Ltd. and Validus Reinsurance (Switzerland) Ltd.

Retrieved on: 
Thursday, February 29, 2024
Professional Services, Insurance, Finance, Acquisition, VRS, ALL, Risk management, News, AIG, AM Best, Fatal Five, Risk, American International Group, Credit, Reinsurance

The outlook assigned to these Credit Ratings (ratings) is stable.

Key Points: 
  • The outlook assigned to these Credit Ratings (ratings) is stable.
  • The ratings further reflect the implicit and explicit support provided from ultimate parent, RenRe Holdings.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

Pembroke Academy Garners Recognition for Delivering on Commitment to Student Success

Retrieved on: 
Wednesday, February 28, 2024
Student, National heritage, School, Central Michigan University, Education, News, Growth, Parent, National Heritage Academies, Pembroke Academy, Letter, NHA, NWEA, Marriage, ELA, Partnership, Tutoring

GRAND RAPIDS, Mich., Feb. 28, 2024 /PRNewswire/ -- Schools have unique personalities, created in large part by the community they serve. One Detroit-area school, Pembroke Academy, has carved out its niche for placing student achievement and parental partnership at the top of its list of goals and educators there are receiving accolades for their success.

Key Points: 
  • One Detroit-area school, Pembroke Academy , has carved out its niche for placing student achievement and parental partnership at the top of its list of goals and educators there are receiving accolades for their success.
  • Pembroke Academy received the award for earning the highest grade in growth and performance among its peers.
  • Pembroke Academy is such an important part of this community, the work that's done here will impact generations of learners."
  • Teachers pair that knowledge with parental partnership, a key for learning success at Pembroke, and it starts with a special ceremony.

In Celebration of Women in Construction (WIC) Week Meet VERTEX's All-Female Construction Team

Retrieved on: 
Tuesday, February 27, 2024
Project executive, Community centre, Woman, Town, LEED AP, PX, CSM, OPM, Senior advisor, Organization, Construction

The Vertex Companies, LLC (VERTEX) was awarded the role of Owner's Project Manager (OPM) for the construction of this community center.

Key Points: 
  • The Vertex Companies, LLC (VERTEX) was awarded the role of Owner's Project Manager (OPM) for the construction of this community center.
  •  Later, Christy and Tim asked around to the broader team, but nobody could remember another project where they were part of an all-female management team in construction.
  • VERTEX's OPM team for Pembroke Community Center project includes Christy Murphy (PX) ; Allyson Mahar (PM) ; and Suzanne Sarles (CSM) .
  • Although Christy, Allyson, and Suzanne have been working in construction for decades and are active in organizations that promote women in construction, this is the first time they were part of an all-female management team in construction.

James River To Hold Its Fourth Quarter Earnings Conference Call on Thursday, February 29, 2024

Retrieved on: 
Monday, February 12, 2024
Eastern Time Zone

PEMBROKE, Bermuda, Feb. 12, 2024 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. (NASDAQ: JRVR) will release fourth quarter 2023 earnings after the market closes on Wednesday, February 28, 2024.

Key Points: 
  • PEMBROKE, Bermuda, Feb. 12, 2024 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. (NASDAQ: JRVR) will release fourth quarter 2023 earnings after the market closes on Wednesday, February 28, 2024.
  • It will also host an earnings conference call on Thursday, February 29, 2024 beginning at 8:30 a.m. (Eastern Time).
  • The conference call may be accessed by dialing (800) 715-9871, conference ID 1369790, or via the investor website at https://investors.jrvrgroup.com .
  • A replay will also be available in the same location.

AM Best Affirms Credit Ratings of PartnerRe Ltd. and Its Operating Subsidiaries

Retrieved on: 
Thursday, February 8, 2024
Banking, Professional Services, Insurance, Finance, Risk management, News, ICRS, Retirement, ALL, FSR, Credit, AM Best, Superior

AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” (Superior) of the operating subsidiaries of PartnerRe Ltd. (collectively referred to as PartnerRe).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” (Superior) of the operating subsidiaries of PartnerRe Ltd. (collectively referred to as PartnerRe).
  • The ratings reflect PartnerRe’s balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, very favorable business profile and appropriate enterprise risk management.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

Pembroke Private Wealth Management Ltd. Refiles Fund Fact and Interim Management Report of Fund Performance for the Pembroke Dividend Growth Fund

Retrieved on: 
Monday, January 29, 2024
Document, Interim management, Interim, Fund

MONTRÉAL, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Pembroke Private Wealth Management Ltd. (“Pembroke”), the manager of the Pembroke Dividend Growth Fund (the “Fund”), announced today that it has corrected an error in the risk rating disclosure of the Fund in the fund facts document dated May 9, 2023 (the “Fund Facts”) and the Interim Management Report of Fund Performance for the six-month period ended June 30, 2023 (the “Interim Report”, and together with the Fund Facts the “Documents”) of the Fund.

Key Points: 
  • MONTRÉAL, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Pembroke Private Wealth Management Ltd. (“Pembroke”), the manager of the Pembroke Dividend Growth Fund (the “Fund”), announced today that it has corrected an error in the risk rating disclosure of the Fund in the fund facts document dated May 9, 2023 (the “Fund Facts”) and the Interim Management Report of Fund Performance for the six-month period ended June 30, 2023 (the “Interim Report”, and together with the Fund Facts the “Documents”) of the Fund.
  • The information in the Fund Facts was also updated as at November 30, 2023.
  • The revised documents replace the Fund Facts filed on May 9, 2023 and the Interim Report filed on August 29, 2023.
  • For further information on Pembroke and the Fund, please visit www.pml.ca or call 1-800-667-0716 (Montreal) or 1-800-668- 7383 (Toronto).

Boston Hemp Inc Introduces Revolutionary THCa Crumble Extract Offering Nationwide Shipping and Redefining Cannabis Consumption

Retrieved on: 
Thursday, January 25, 2024
Cannabinoid, Safety, THCA, IBN

BOSTON, Jan. 25, 2024 (GLOBE NEWSWIRE) -- via IBN – Boston Hemp Inc, a pioneer in the cannabis industry, proudly unveils its latest innovation – THCa Crumble Extract.

Key Points: 
  • BOSTON, Jan. 25, 2024 (GLOBE NEWSWIRE) -- via IBN – Boston Hemp Inc, a pioneer in the cannabis industry, proudly unveils its latest innovation – THCa Crumble Extract.
  • THCa Crumble Extract is a meticulously crafted concentrate, harnessing the power of tetrahydrocannabinolic acid (THCa).
  • Mr. Marc Maltisanti, COO of Boston Hemp Inc, expressed enthusiasm about the launch, stating, "Our THCa Crumble Extract represents a significant leap forward in cannabis consumption.
  • Consumers can find Boston Hemp Inc's THCa Crumble Extract at authorized dispensaries and online retailers starting 1/24/2024.