James River (US:JRVR) Globenewswireยท2025-05-05 20:05Core Viewpoint - James River Group Holdings, Ltd. announces the retirement of Richard Schmitzer as President and CEO of the Excess and Surplus Lines segment, with Todd Sutherland set to succeed him effective May 5, 2025 [1][2][4] Leadership Transition - Richard Schmitzer will step down as CEO on July 31, 2025, after over 45 years in the insurance industry, and will retire in the fourth quarter of 2025 [1][2] - Todd Sutherland, currently Senior Vice President of Management Liability, will take over as President of the E&S segment and will report directly to CEO Frank D'Orazio [1][3][4] Todd Sutherland's Background - Todd Sutherland joined James River in 2023 to establish the Management Liability division and has over 30 years of industry experience [3] - Prior to joining James River, Sutherland held significant roles at AXA XL and Allied World Assurance Company, overseeing multi-billion-dollar portfolios [3] Company Strategy and Future Outlook - The transition aims for a seamless leadership change while continuing to execute on strategic priorities for profitable growth in the E&S segment [2][4] - Sutherland expresses commitment to delivering exceptional products and best-in-class service as he leads the business forward [4] Company Overview - James River Group Holdings, Ltd. is a Bermuda-based insurance holding company operating in specialty property-casualty insurance segments, rated "A-" (Excellent) by A.M. Best Company [7]