Thieler Law Corp advises investors with losses exceeding $100,000 of the June 18, 2021.lead plaintiff deadline in a class action lawsuit filed against James River Group Holdings, Ltd. (NASDAQ: JRVR) (James River Group Holdings, Ltd. or “the Company”). The suit is pending in the U.S. District Court for the Eastern District of Virginia and investors, who purchased James River Group Holdings, Ltd. securities between August 1, 2019 and May 5, 2021 (“Class Period”), have until September 7, 2021. to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased James River Group Holdings, Ltd. securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

James River is a Be1muda-based holding company that owns and operates a group of specialty insurance and reinsurance companies. The Company's lru·gest segment, Excess and Surplus ("E&S") Lines insurance, focuses on insureds that generally cannot purchase insurance from standru·d lines insurers due to perceived 1isks related to their businesses. Included in this E&S Lines segment is the Company's Commercial Auto Division.

In 2014, James River ramped up its Commercial Auto Division by unde1w1iting a new type of insurance policy that covered Rasier LLC ("Rasier"), a subsidiruy of the 1ide-shruing company Uber Technologies, Inc. (together with Rasier, "Uber"). Until that time, ride-sharing insurance had only covered claims incurred while ride-sharing drivers were transporting passengers for Uber, thus leaving a gap in coverage for accidents caused by ride-sharing drivers while they were not providing transportation services for hire but were still logged on to the Uber application and available to accept a ride.

As a result of its arrangement with James River, Uber announced that it had become the first and only ride-sharing company to have insurance policies in place that covered this gap between personal and connercial insurance policies. According to Uber, these new James River policies would give contingent coverage for a driver's liability that would meet the highest requirement of any state in the United States. Uber was the Company's largest contract and accounted for more than 25% of the Company's premiums in 2019.

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) James River had not adequately reserved for its Uber policies; (2) James River was using an incorrect methodology for setting reserves that materially understated the Company’s true exposure to Uber claims; (3) as a result, James River was forced to increase its unfavorable reserves in subsequent quarters even after cancelling the Uber policies; and (4) as a result of the foregoing, Defendants’ statements about James River’s business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis.