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James River Group, Inc. Announces Its Formation and its Acquisition of Fidelity Excess & Surplus Insurance Company (to be renamed James River Insurance Company) from American Financial Group
RICHMOND, VA: July 1, 2003 - James River Group, Inc. announces its formation as an insurance holding company headquartered in Chapel Hill, NC. J. Adam Abram is President & CEO of the company.
James River Group, Inc. has purchased Fidelity Excess and Surplus Insurance Company from American Financial Group effective June 30, 2003. The company will be renamed James River Insurance Company and Michael P. Kehoe has been named 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.
About James River Specialty (JRS): James River Specialty (JRS) is the trade name for the James River Group and its subsidiary companies.
Contact: John Clarke, 804-289-2715
James River Specialty
7130 Glen Forest Drive, Suite 210
Richmond, VA 23226-3754
john.clarke@jamesriverins.com
www.jamesriverins.com
PO Box 27648
Richmond, VA 23261-7648
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