03:41 PM EDT, 03/20/2024 (MT Newswires) -- James River Group's ( JRVR ) shares were up nearly 6% in recent Wednesday trading after it reportedly entered sales discussions with Global Indemnity ( GBLI ) , Insurance Insider US reported, citing unnamed sources.

Both excess and surplus carriers are now prepared to commence due diligence, the sources told the publication.

Neither James River nor Global Indemnity ( GBLI ) immediately responded to MT Newswires' requests for comment.

Global Indemnity ( GBLI ) shares were up 1% in recent trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 8.20, Change: +0.45, Percent Change: +5.81