AM Best Withdraws Credit Ratings of JRG Reinsurance Company Ltd.

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has withdrawn the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of JRG Reinsurance Company Ltd. (JRG Re) At the time of the withdrawal, the Credit Ratings (ratings) were under review with negative implications. The withdrawal of the ratings previously assigned to JRG Re reflects the close of the transaction in which James River Group Holdings, Ltd. (JRG Holdings) [NASDAQ: JRVR] sold JRG Re to Fleming Inter