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AM Best affirms James River’s ‘A-’ financial strength after disappointing Q4 results

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AM Best on Tuesday affirmed the financial strength rating of A- (excellent) and long-term issuer credit rating of A- (excellent) for James River Group Holdings’ operating subsidiaries, keeping them unchanged after the Bermudian posted disappointing Q4 results, including a hefty reserve charge, and raised capital to shore up its balance sheet.

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