PEMBROKE, Bermuda, May 10, 2018 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. (NASDAQ:JRVR) (“James
River” or the “Company”) announced today that certain of the Company’s shareholders intend to offer in an underwritten public
offering an aggregate of 3,297,238 of the Company’s common shares (the “Selling Shareholders”). The Selling Shareholders will
receive all of the net proceeds from this offering. No shares are being sold by the Company.
Morgan Stanley is acting as the sole underwriter in the offering.
Morgan Stanley proposes to offer the common shares from time to time for sale in one or more transactions on the
NASDAQ Global Select Market, in the over-the-counter market, through negotiated transactions or otherwise at market prices
prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices.
The Company has filed a registration statement, including a prospectus, with the U.S. Securities and Exchange
Commission (the “SEC”) for the offering to which this communication relates, which registration statement is effective. Before you
invest, you should read the prospectus in the registration statement, the prospectus supplement and other documents the Company has
filed with the SEC for more complete information about the Company and this offering. You may obtain these documents for free by
visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, copies of the prospectus and accompanying prospectus supplement
may be obtained from Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, New York 10014, Attention: Prospectus
Department.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there
be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any state or jurisdiction.
Forward-Looking Statements
This press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act
of 1995. In some cases, such forward-looking statements may be identified by terms such as believe, expect, seek, may, will,
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. 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 the Company
James River Group Holdings, Ltd. is a Bermuda-based insurance holding company which owns and operates a group of
specialty insurance and reinsurance companies. The Company operates in three specialty property-casualty insurance and reinsurance
segments: Excess and Surplus Lines, Specialty Admitted Insurance and Casualty Reinsurance. The Company is headquartered in
Pembroke, Bermuda.
Contact: James River Group Holdings, Ltd. Kevin Copeland 441-278-4573 InvestorRelations@jrgh.net
