James River Announces Director Appointment
James River Group Holdings (NASDAQ: JRVR) has announced the appointment of Joel Cavaness to its Board of Directors as an independent, non-executive member, effective immediately. Cavaness will also serve on the Board's Compensation and Human Capital Committee.
Cavaness brings nearly four decades of specialty property-and-casualty distribution experience, most recently serving as Chairman, Americas Specialty at Arthur J. Gallagher & Co. He previously co-founded and served as President of Risk Placement Services, Inc. in 1997, and held leadership roles at Arthur J. Gallagher & Co., including Corporate Vice President and Division President of the Wholesale Brokerage Operation.
James River Group Holdings (NASDAQ: JRVR) ha annunciato la nomina di Joel Cavaness nel suo Consiglio di Amministrazione come membro indipendente e non esecutivo, con effetto immediato. Cavaness farà anche parte del Comitato per la Retribuzione e il Capitale Umano del Consiglio.
Cavaness vanta quasi quarant'anni di esperienza nella distribuzione di assicurazioni specializzate property-and-casualty, avendo ricoperto di recente il ruolo di Chairman, Americas Specialty presso Arthur J. Gallagher & Co. In precedenza, è stato cofondatore e Presidente di Risk Placement Services, Inc. nel 1997 e ha ricoperto posizioni di leadership in Arthur J. Gallagher & Co., tra cui Vice Presidente Corporate e Presidente della Divisione Wholesale Brokerage.
James River Group Holdings (NASDAQ: JRVR) ha anunciado el nombramiento de Joel Cavaness en su Junta Directiva como miembro independiente y no ejecutivo, con efecto inmediato. Cavaness también formará parte del Comité de Compensación y Capital Humano de la Junta.
Cavaness aporta casi cuatro décadas de experiencia en la distribución de seguros especializados de propiedad y accidentes, habiendo desempeñado recientemente el cargo de Chairman, Americas Specialty en Arthur J. Gallagher & Co. Anteriormente, cofundó y fue Presidente de Risk Placement Services, Inc. en 1997, y ocupó cargos de liderazgo en Arthur J. Gallagher & Co., incluyendo Vicepresidente Corporativo y Presidente de la División de Corretaje Mayorista.
James River Group Holdings (NASDAQ: JRVR)는 Joel Cavaness를 독립 비상임 이사로 즉시 임명했다고 발표했습니다. Cavaness는 또한 이사회 보상 및 인적 자본 위원회 위원으로도 활동할 예정입니다.
Cavaness는 전문 손해보험 배분 분야에서 거의 40년의 경력을 보유하고 있으며, 최근에는 Arthur J. Gallagher & Co.에서 Americas Specialty 의장으로 근무했습니다. 그는 1997년에 Risk Placement Services, Inc.를 공동 설립하고 사장을 역임했으며, Arthur J. Gallagher & Co.에서 기업 부사장 및 도매 중개 부문 사장 등 리더십 역할을 맡았습니다.
James River Group Holdings (NASDAQ: JRVR) a annoncé la nomination de Joel Cavaness au sein de son conseil d'administration en tant que membre indépendant non exécutif, avec effet immédiat. Cavaness siègera également au comité de la rémunération et du capital humain du conseil.
Cavaness apporte près de quarante ans d'expérience dans la distribution spécialisée en assurance dommages, ayant récemment occupé le poste de Chairman, Americas Specialty chez Arthur J. Gallagher & Co. Il a précédemment cofondé et présidé Risk Placement Services, Inc. en 1997, et a occupé des postes de direction chez Arthur J. Gallagher & Co., notamment Vice-président corporate et président de la division Wholesale Brokerage.
James River Group Holdings (NASDAQ: JRVR) hat die Ernennung von Joel Cavaness in seinen Vorstand als unabhängiges, nicht geschäftsführendes Mitglied mit sofortiger Wirkung bekannt gegeben. Cavaness wird auch im Vergütungs- und Humankapitalausschuss des Vorstands tätig sein.
Cavaness bringt fast vier Jahrzehnte Erfahrung im Bereich Spezial-Property-und-Casualty-Vertrieb mit und war zuletzt Chairman, Americas Specialty bei Arthur J. Gallagher & Co. Zuvor war er Mitbegründer und Präsident von Risk Placement Services, Inc. im Jahr 1997 und hatte Führungspositionen bei Arthur J. Gallagher & Co. inne, darunter Corporate Vice President und Division President der Wholesale Brokerage Operation.
- Appointment of highly experienced director with nearly 40 years in specialty property-and-casualty distribution
- Addition of entrepreneurial expertise through the co-founder of Risk Placement Services
- Enhanced board expertise in wholesale brokerage and distribution platforms
- None.
PEMBROKE, Bermuda, July 24, 2025 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. ("James River" or the "Company") (NASDAQ: JRVR) today announced that Joel Cavaness has been appointed to the Company’s Board of Directors as an independent, non-executive member, effective immediately. Mr. Cavaness was also appointed to the Board’s Compensation and Human Capital Committee.
“Joel is an accomplished executive in the wholesale brokerage space and has successfully built high-performing distribution platforms throughout his career,” said Christine LaSala, Chair of James River’s Board of Directors. “His entrepreneurial mindset, extensive marketplace relationships, and decades of leadership experience align deeply with James River and will add helpful complementary perspective to our Board.”
Mr. Cavaness has nearly four decades of specialty property-and-casualty distribution experience. Most recently, he served as Chairman, Americas Specialty at Arthur J. Gallagher & Co. Prior to serving as Chairman, Mr. Cavaness was President of Risk Placement Services, Inc., which he co-founded in 1997. Earlier in his career, Mr. Cavaness held a series of leadership roles at Arthur J. Gallagher & Co. rising to Corporate Vice President and Division President of the Wholesale Brokerage Operation. He began his career as an underwriter with Crum & Forster Insurance Company. Additionally, Mr. Cavaness served on the Board of Directors of the Wholesale & Specialty Insurance Association for more than a decade.
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, should, intend, project, anticipate, plan, estimate, guidance 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. Information about these risks and uncertainties is contained in our filings with the U.S. Securities and Exchange Commission, including our most recently filed Annual Report on Form 10-K. 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 James River Group Holdings, Ltd.
James River Group Holdings, Ltd. is a Bermuda-based insurance holding company that owns and operates a group of specialty insurance companies. The Company operates in two specialty property-casualty insurance segments: Excess and Surplus Lines and Specialty Admitted Insurance. Each of the Company’s regulated insurance subsidiaries are rated “A-” (Excellent) by A.M. Best Company. Visit James River Group Holdings, Ltd. on the web at www.jrvrgroup.com.
Bob Zimardo
SVP, Investments & Investor Relations
InvestorRelations@james-river-group.com
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