Insurance Insider’s Adam McNestrie, who previously said that Global Indemnity (GBLI) made an indicative offer of $15 per share for rival insurer James River Group (JRVR) in an all-stock proposal, reports that the two sides have engaged in sales talks.
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Read More on JRVR:
- James River Group (NASDAQ:JRVR): What to Make of the Surge in Stock Value
- James River Group jumps after Insurance Insider report of takeover approach
- Global Indemnity offers $15 per share for James River, Insurance Insider says
- James River Group commences litigation agains Fleming Intermediate Holdings
- James River Commences Litigation Against Fleming Intermediate Holdings to Enforce Stock Purchase Agreement