James River Group Welcomes New Director Joel Cavaness

Author: Owen Jenkins Updated: 07-24-2025 04:28 PM

James River Group Announces New Board Member

James River Group Holdings, Ltd. is excited to announce the appointment of Joel Cavaness to its Board of Directors as an independent, non-executive member. This decision takes effect immediately, marking a significant step in enhancing the company’s leadership team.

Expertise and Experience of Joel Cavaness

Joel Cavaness brings a wealth of experience to the Board, especially in the wholesale brokerage sector. Christine LaSala, Chair of James River's Board of Directors, stated, "Joel is an accomplished executive in the wholesale brokerage space and has successfully built high-performing distribution platforms throughout his career. His entrepreneurial mindset and extensive marketplace relationships are a great fit for our company, offering a complementary perspective to our Board."

Vast Industry Experience

With nearly four decades of expertise in the specialty property-and-casualty distribution field, Mr. Cavaness has held significant positions, most recently serving as Chairman, Americas Specialty at Arthur J. Gallagher & Co. Before this, he was the President of Risk Placement Services, Inc., which he co-founded in 1997. His expansive career has included various leadership roles at Arthur J. Gallagher & Co., including Corporate Vice President and Division President of the Wholesale Brokerage Operation. His journey began as an underwriter with Crum & Forster Insurance Company. Moreover, he has also been a longstanding member of the Board of Directors for the Wholesale & Specialty Insurance Association.

Company Overview

James River Group Holdings, Ltd. is a Bermuda-based insurance holding company that owns and operates a group of specialty insurance companies. The company is structured into two specialty property-casualty insurance segments: Excess and Surplus Lines and Specialty Admitted Insurance. Each of the company's regulated insurance subsidiaries has received an 'A-' (Excellent) rating from A.M. Best Company, testifying to their strong financial stability and operational effectiveness. To learn more about their offerings, you can visit the official James River website.

Leadership Vision

The appointment of Mr. Cavaness is seen as a strategic move to bolster the executive team’s vision for innovation in the specialty insurance landscape. His influence and insights are anticipated to help James River navigate the challenges and opportunities presented in today’s dynamic market.

Contact Information

For media inquiries, please reach out to Bob Zimardo, Senior Vice President of Investments & Investor Relations, at the following email: InvestorRelations@james-river-group.com.

Frequently Asked Questions

What is the significance of Joel Cavaness's appointment?

Joel Cavaness’s appointment is crucial as it enhances the Board's expertise in wholesale brokerage and provides valuable industry insights.

What is the background of James River Group Holdings?

James River Group Holdings is an insurance holding company specializing in property-casualty insurance, known for its robust financial ratings.

How long has Mr. Cavaness been in the insurance industry?

Mr. Cavaness boasts nearly four decades of experience in the insurance and specialty property-and-casualty sectors.

What role does Mr. Cavaness hold on the Board?

In addition to his role as a Board member, Mr. Cavaness is part of the Compensation and Human Capital Committee.

How can I learn more about James River’s services?

You can learn more about James River Group's offerings by visiting their official website.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

My love is teaching others about investing and personal finance. My goal in writing many books and articles has been to demystify financial ideas and give readers the information they need to make wise financial decisions. I write with a direct, useful style that emphasizes doable suggestions for daily living.

Along with writing, I lead webinars and seminars where I impart knowledge on how to successfully negotiate the financial world. I also write for financial journals and show up as a guest expert on financial news programs a lot. Whether they are new to investing or want to improve their approach, my mission is to enable people to take charge of their financial futures.

Beyond work, I like to hike, play the guitar, and spend time with my family. I think that balance is crucial and want to encourage people to strike a balance between their financial aspirations and their hobbies. I want to help people succeed and achieve financial security through my work, so having a good influence.

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