Thank you for sharing!

Your article was successfully shared with the contacts you provided.
(Bloomberg) — Citadel LLC reported a 5.2 percent stake in D.E. Shaw & Co.’s James River Group Holdings Ltd., the insurer that had an initial public offering last week.

Citadel, the hedge-fund firm led by Ken Griffin, owned 1.47 million shares of the specialty insurer as of Dec. 12, according to a regulatory filing today. The holding is valued at about $31 million based on yesterday’s closing price in New York.

James River adds to Chicago-based Citadel’s portfolio of stock in insurers with hedge-fund ties. The investment manager last year disclosed a stake in Daniel Loeb’s Third Point Reinsurance Ltd. after the company went public and is also an investor in David Einhorn’s Greenlight Capital Re Ltd., according to data compiled by Bloomberg.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.