 PEMBROKE, Bermuda, Sept. 30, 2021 GLOBE NEWSWIRE -- James River Group Holdings, Ltd. James River or the Company NASDAQ: JRVR today announced that two of its principal operating subsidiaries have entered into a loss portfolio transfer reinsurance transaction with Aleka Insurance, Inc. Aleka, a wholly owned captive insurer of Uber Technologies, Inc. Uber, under which Aleka will reinsure substantially all of James Rivers legacy portfolio of commercial auto policies related to Ubers ridesharing business. Under the terms of the transaction, James River ceded to Aleka approximately 345.1 million of commercial auto liabilities relating to business written for Ubers ridesharing business in the years 2013-2019. The coverage being provided by Aleka is fully collateralized and not subject to an aggregate limit. 