James River Group, Inc. Chapel Hill, NC 27517Employment Agreement • April 16th, 2018 • James River Group Holdings, Ltd. • Fire, marine & casualty insurance • North Carolina
The purpose of this letter (the “Agreement”) is to confirm the terms of your employment by James River Group, Inc. (the “Parent Company”) to serve as Chief Underwriting Officer of the Specialty Admitted Segment (“CUO”) of Parent Company subsidiaries Stonewood Insurance Company (“SIC”), Falls Lake Insurance Management Company, Inc. (“FLIMCO”), Falls Lake National Insurance Company (formerly Stonewood National Insurance Company), Falls Lake General Insurance Company, and Falls Lake Fire and Casualty Company (together, the “Companies”). In consideration of the mutual promises contained in this Agreement, the parties to this Agreement hereby agree as follows:
TERMINATION OF EMPLOYMENT AGREEMENTTermination of Employment Agreement • April 16th, 2018 • James River Group Holdings, Ltd. • Fire, marine & casualty insurance
WHEREAS, the Company and James River Group, Inc. are subsidiaries of James River Group Holdings, Ltd., and Executive, the Company and James River Group, Inc. mutually agreed that, effective as of the close of business on March 31, 2018 (“Termination Date”), Executive ceased to serve as President and Chief Underwriting Officer of the Company, and effective April 1, 2018, Executive began to serve as Chief Underwriting Officer of the Specialty Admitted Segment of James River Group, Inc. subsidiaries Stonewood Insurance Company, Falls Lake Insurance Management Company, Inc., Falls Lake National Insurance Company, Falls Lake General Insurance Company, and Falls Lake Fire and Casualty Company (collectively, those subsidiaries are referred to as the “Companies”), which employment is subject to an employment agreement among Executive, James River Group, Inc. and the Companies,
