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James River Group Holdings, Ltd. (NASDAQ:JRVR) is among the best holding company stocks to invest in. The U.S. District Court, Southern District of New York, has dismissed a lawsuit against James River Group Holdings, Ltd. (NASDAQ:JRVR) filed by Fleming Intermediate Holdings LLC. The lawsuit, initiated on July 15, 2024, accused James River Group of securities fraud and violation of contract involving Fleming’s purchase of JRG Reinsurance Company Ltd.
As per the company’s statement, Valdean Langenburg is now the Group Chief Information Officer at James River Group Holdings, Ltd. (NASDAQ:JRVR), with Justin Zaharris promoted to Group Chief Claims Officer. Langenburg takes over the role following the retirement of Thomas Peach on July 4, marking the end of over four decades in the information technology sector, including six impressive years as the CIO of James River Group Holdings, Ltd. (NASDAQ:JRVR).
On the other hand, Zaharris previously served as the Vice President, managing claims for the company’s Excess & Surplus Lines segment. With over 20 years of legal, technical, and operational claims expertise in property and casualty, we have good reason to believe that James River Group Holdings, Ltd. (NASDAQ:JRVR) is set to lead the way, powered by its workforce.
James River Group Holdings, Ltd. (NASDAQ:JRVR), headquartered in Bermuda, is a specialty insurance service provider. With two main segments: Excess and Surplus Lines, and Specialty Admitted Insurance, the company is committed to producing strong returns on tangible equity.
While we acknowledge the potential of JRVR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.
Disclosure: None.
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